Ethical and Moral Issues in Business

In: Business and Management

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Pages 4
Ethical and Moral Issues in Business
Dawn Sandell Robbins
MGT/216
February 14, 2011
Carolyn Flynn

Ethical and Moral Issues in Business
The words ethical and moral are often considered as being one in the same. Although the meaning may be closely related in some aspects, the two have different meanings. While something may be ethical or legal, it may conflict with one’s personal beliefs and morals.
It’s hard to imagine that one might not know right from wrong. Honestly, think about it. Are we not molded and nurtured to know what is socially acceptable? Were we not brought up knowing that it is wrong to lie, cheat, and steal? In this paper, I will define the differences between ethical issues and moral issues as well as the difference between personal ethics and business ethics.
Ethics can be defined as the principles, norms, and standards of conduct that govern an individual or group in which focus is on conduct (Trevino, Nelson 2007). Ethics is considered to be a science of conduct by many philosophers and is the ground rules by which we live our lives. The rules, code of conduct, policy or handbook is typically a written form of the ethics in which a business expects its employees to follow and behave. Generally these rules are what most would consider normal rights and wrongs, dos and don’ts. An ethical issue might be a situation that concerns right and wrong where values are in conflict (Trevino, Nelson 2007). As mentioned in the opening of this paper, are we not raised from birth knowing what is expected? What is ethical? This question is debatable when it comes to psychology. Studies show that behavior results from both nature and nurture; that individuals come to organizations with predispositions that influence their behavior, but the work environment can also have a large impact on behavior (Trevino, Nelson 2007). At what point…...

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