Premium Essay

Ethics and Moral Issues in Business

In: Business and Management

Submitted By dav428cos
Words 592
Pages 3
Ethics and Moral Issues in Business

BIS/216
September 14, 2011

Many businesses today have several issues to deal with on a daily. In this paper the subject to discuss is the differences between ethical and moral issues in business. Also discuss the differences on personal ethics and business ethics. Businesses have to be careful about dealing with the issues concerning moral and ethical dilemmas. Today’s businesses cannot afford any legal mishaps or wrong doings against the company. An ethical issue is the philosophical analysis of human morality and conduct. Moral issues are potential issues that help or harm anyone. The differences between these two issues are ethical deals with codified standards of behavior in a company, and a moral issue deals with actions right and fair. The website cfagbata.com said “companies are now realizing the importance of ethics in business that is crucial for them to succeed” (cfagbata, 2011, p. 1). Companies have to be very careful not to cross the lines between these two issues. The issues can cause confusion and disorder within the workplace if the business does not handle the issues properly. Personal ethics and business ethics are frequently foundation on the societies’ ideals and actions. The difference is one is personal dealing with that individual with the issue instead of the whole company itself. The business ethic is dealing with the company who issues or concerns became a problem within the workplace or environment. Ethics implies to a degree of responsibility that the business and individuals have to uphold the ethics or suffer the consequences. Bribery is a major issue with businesses over the world. If a business deals with asking for contractual work some individuals will try to bribe the officials into accepting that business over the next one. This action is an ethical dilemma for...

Similar Documents

Premium Essay

Ethics and Moral Issues in Business

...Ethical and Moral Issues in Business Moral and ethical issues greet us each morning in the weekly paper, meet us at our jobs, and bid us good night on the nightly news. We are faced with the rights of the homeless and abortion, and sexual morality. Dealing with these moral and ethical issues is confusing particularly when people are trying to think through an ethical issue and defining what questions to ask and what causes should be reflected. The difference between ethics and morals can seem slightly logical to many. Morals describe individual character, while ethics stress a social system in which those morals are related. In other words, ethics point to principles or codes of behavior accepted by the group to which the individual fits. So while an individual’s moral code is normally unchanged, the ethics he or she practices can be other-dependent. An example of ethical and moral issue would be the ex-mayor of Detroit, Kwame Malik Kilpatrick. He used the city own cell phone to communicate with his child hood friend and lover to meet up for nights of intimacy or private talks. Mr. Kilpatrick illustrated adultery, disrespect to the people of Detroit and shame and humility to himself. In spite of all of that, Mr. Kilpatrick still have not learned his lesson by incurring new criminal charges with tax evasion with the federal government. A personal code of ethics is the heart of who a person is and his or her views. It's created on the rules and regulations an individual......

Words: 659 - Pages: 3

Premium Essay

Ethical and Moral Issues in Business

...the difference between ethical issues and moral issues. I will also explain the difference between personal ethics and business ethics. Then I will provide examples of common ethical problems in business for ethical issues, moral issues, personal ethics and business ethics. An ethical issue can be mirrored closely with a moral issue. According to Trevino and Nelson (2007), ethics can be defined as “a set of moral principles or values,” a definition that portrays ethics as highly personal and relative pg 13. Does that definition sound familiar? According to Merriam-Webster the definition of moral is “of or relating to principles of right and wrong in behavior: ethical”. An ethical issue has to be evaluated as a set of standards that most people deem as right or wrong however, a moral issue has more to do with the belief of an individual person of right or wrong. Ethical issues and moral issues are like walking a fine line therefore, making these issues differ is rather its personal or business. The term ethics can be described both in personal and business. Personal ethics is something that is a moral principle of a person’s belief. Ethics can be defined as “a set of moral principles or values,” a definition that portrays ethics as highly personal and relative (Trevino & Nelson, p. 13, 2007). This is based upon the personal ideals of what’s right or wrong. The choices that we make and the consequences behind them play a role in personal ethics. What are your personal......

Words: 595 - Pages: 3

Premium Essay

Ethical and Moral Issues in Business

...and Moral Issues in Business Barbara Douglass MGT/216 February 5, 2011 Brigitte Culberson-Austin Ethical and Moral Issues in Business Ethical and moral issues have been an issue since the dawn of civilization. It has never been more important than how business deals with these issues. Ethics and moral behavior is essential to any successful business and its environment. Morals and ethics are two separate entities, but depend on each other for successful decision making. Sometimes the line between morals and ethics can become blurred and making the right decision can be difficult and not as clear-cut as one would think. Understanding the differences between ethics and morals and moral and ethical behavior is relevant to decision making. Differences between Ethics and Morals Understanding the differences between ethics and morals may be difficult for some. At times they can be confused for one another. Morals values are standards of right and wrong. Morals are taught over our years of growing up. These could consist of right and wrong behavior when we are children or right and wrong sexual issues as teens and young adults. These are generally instilled on us by our parents or our religious beliefs. Ethics is applying our moral standards to our environment. Our decision to do something that we consider immoral may not be unethical and our decision to do something unethical is not necessarily immoral. Personal Ethics versus Business Ethics ...

Words: 624 - Pages: 3

Premium Essay

Moral and Ethical Paper

...Ethical and Moral Issues in Business Ethical and Moral Issues in Business At first thought ethics and morals are the same meaning. However, they are completely different and have different meanings to different people. This paper will look at the differences between ethical issues and moral issues, the differences between personal and ethics and business ethics and provide examples of everyday ethical problems in the business world today. Ethical Issues and Moral Issues To understand the differences in ethical issues and moral issues, you must know the definition. Ethics is “ethics is a systematic attempt to make sense of our individual and social moral experience, in such a way as to determine the rules that ought to govern human conduct, the values worth pursuing, and the character traits deserving development in life.” (De George, 2010 p, 13). Moral “is approved by this society” according to De George, (2010) in Business Ethics. I work at the Boeing Company, our ethics policy does not allow for accepting business courtesies. This can create the perception of favorability, especially when concerning vendors and suppliers. However, there are cases when the employee can accept the gift and that is if it would only promote a successful working relationship and goodwill of Boeing interests. If not accepting a gift would harm the business relationship and create a cultural rift, then the employee is expected to accept the gift and to report and turn it in......

Words: 748 - Pages: 3

Premium Essay

Ethical and Moral Issues in Business

...Ethical and Moral Issues in Business Steven Colon MGT/216 August 16, 2011 Mike Moreno Abstract In the following paper one will know about what an ethical issue is and a moral issue is, and examples of an ethical and moral issue. One will also learn about personal ethics and business ethics and how they are similar, but different. Ethical and Moral Issues in Business People have always questioned whether ethical issues and moral issues are the same, or if personal ethics, and business ethics are different. In this paper one will be able to see the differences between ethical and moral issues, the differences between personal ethics and business ethics while reading about real-world examples of common ethical problems in businesses for each of the above. Ethical Issues Many people believe that ethical issues and moral issues are the same thing, but in reality they are not. “our definition of ethics—the principles, norms, and standards of conduct governing an individual or group—focuses on conduct” (Trevino, & Nelson, (2007), p. 13). An ethical issue will require an individual or organization to make a decision between alternatives that must be weighed as an ethical or unethical decision. An unethical situation would be someone sacrificing people’s safety to obtain the completion of an assigned objective. Moral Issues “When we speak of morality, we refer to our judgments of right and wrong, and good and bad” (DeGeorge, (2010), p. 24). ......

Words: 644 - Pages: 3

Premium Essay

Rthics

...Ethical and Moral Issues in Business Ethics and morals are often used interchangeably, but they are not quite the same. Ethics can be applied personally or in the business world, and the processes in these two situations can be different. This essay will explore the difference between ethical and moral issues, and personal and business ethics. Examples will also be given to demonstrate these issues in the business world. Ethics and Morals Every person has different life experiences, and these life experiences work together to create individual personalities. The core values of a person are defined as his or her morals. But ethics and morals are often interchanged because they are so closely related. In actuality, ethics applies morals. Ethics tend to be more standardized in relation to social acceptance. Trevino and Nelson define ethics as “the principles, norms, and standards of conduct governing an individual or group” (Trevino & Nelson, 2007, Ch. 1). Morals act as a basis for ethical decisions. Personal morals will differ among people. For example, one person believes that eating meat is not morally right, but another person believes that eating meat is just a normal part of life and therefore morally acceptable. These are simply differences in moral values. This can be an important factor in business when hiring a new employee. Employers will want to make sure that a potential employee has a moral set that will be workable with the business’s ethics. Ethics are......

Words: 573 - Pages: 3

Premium Essay

Ethical and Moral Issues

...Ethical and Moral Issues Gary L. MGT/216 May 26, 2011 Ethical and Moral Issues In this paper the writer will answer what is the relationship between ethical issues and moral issues, what are the differences between personal ethics and business ethics, and provide examples of common ethical problems in business for each of the previous questions. Ethics can be defined as first, “a set of moral principles or values,” and second, the principles, norms, and standards of conduct governing an individual or group. Now, the first definition can be portrayed as highly personal or relative and the second generally focuses on conduct. Morality, on the other hand, consists of rules of human behavior and specifies that certain actions are wrong or immoral and that others are right or moral. The moral point of view can be taken to evaluate human action. Some actions, such as murder, are recognized as being immoral. Others, such as helping one’s neighbor, are generally considered moral. The relationship between ethical and moral issues is essentially considering the difference between ethics and morals, morals define personal character, while ethics stress a social system in which those morals are applied, simply, to be considered ethical or unethical depends on what if any morals are compromised. Ethics can be observed from two different viewpoints, personal ethics (individual) and business ethics (group). Business ethics point to standards or codes of behavior expected by the...

Words: 549 - Pages: 3

Premium Essay

Ethical and Moral

...ethical issues and moral issues. A description of the differences between personal ethics and business ethics will be discussed. Also examples of common ethical problems in business for the ethical issues will be discussed in this paper. Differences between ethical issues and moral issues Morals issues pertain to personal character and focus on right and wrong. Ethics issues pertain to a social system in which those morals are applied. It is said that ethics issues are standard s or codes of behavior expected by the group to which an individual belongs. The two issues co-inside with each other and for there to be an ethical issues there are three main components that needs to be present. They are non-moral facts, concepts, and the moral, or ethical aspects. The difference will be moral deal with belief and involves a factual disagreement in belief. Moral issues do not involve a disagreement in attitude or in feeling. “Ethics involves the sphere of interpersonal, group, and community politics at the level of values—not just what can be achieved or how to achieve it, but more what should be sought, in the realm of social harmony and fairness. It is the complexity of the other side of individualism—other than taking care of oneself, what do we want our collective to do or refrain from doing? Ethics looks at our proper relations, our duties to each other, individually and collectively” (Blatner, 2006, para. 4). Differences between personal ethics and......

Words: 555 - Pages: 3

Premium Essay

Bakery

...709 * Submitted: 1 ethical moral issues in businessBy Kimberly Cobbs Similarity Index 4% What's this? Similarity by Source Internet Sources: 4% Publications: 0% Student Papers: N/A include quotedinclude bibliographyexclude small matchesdownloadrefreshprint mode: 4% match (Internet from 4/8/11) http://www.termpaperwarehouse.com Ethical and Moral issues plays a major role in today business environment. Employers and managers needs to communicate more and compromise his or her ethical and moral belief. In the business Companies are encountering issues worldwide. On the business side the managers are handling the company specific issues and on the moral side observation and decision making are the specifics issues. Morals; are principals, values, and belief that determines the way an individual think, behave and respond To a situation. Although these four terms has distinctive meanings however they have different terminology. Morals are and principals are forms of value, values are a form of belief, and theses four terms represents ethics, in which deals with an individual behavior and the norm to distinguish right and wrong. Ethic; is consist of the four terms, morals, principals, values, and beliefs that people uses to control their behavior. Ethics combine these terms together by the way people think and believe also it dictates how an individual will act and show his or her moral values through their actions. Ethical and moral are sometimes combine as one......

Words: 827 - Pages: 4

Premium Essay

Ethical and Moral Issues

...Running Head: ETHICAL AND MORAL ISSSUES IN BUSINESS PAPER Donald B Amico Business 216 Ethical and moral issues paper University of Phoenix Kevin Boyle July 6, 2011 The people in the world of business today face a number of issues. These issues could be hiring the appropriate people to work for a company, to updating their websites to face today’s technological boom or they could just be being able to establish and adapt to their place of business principles. These could be based on harassment, following company policies, having the proper training in order, or performing to their hired capabilities. What I am talking about is living up to their expectations or in other words their ethics. In this paper I will focus on ethics within running a business. I will define, explain differences, and give details about ethical and moral ethical issues in business. This paper will also include the difference between personal ethics and business ethics. To conclude I will give real life examples of common ethical problems in businesses today. What is business ethics? Going into the business world, people have the familiarity of his or her morals and ethics in mind which is taught growing up as a child. What is the definition of business ethics? To be ethical is to be honest (Trevino & Nelson, 2007). Upholding corporate values and morals is a part of business ethics. Many organizations have implemented a code of conduct and business ethics programs to ensure social......

Words: 852 - Pages: 4

Premium Essay

Moral and Ethical Issues in Business

...Ethical and Moral Issues in Business Michelle Ayuso Wienke MGT 216 August 8, 2011 Ethical and Moral Issues in Business In business today ethical and moral issues are very common. These types of issues are frowned upon and in some cases have extreme consequences but, they are still happening in businesses everywhere. Morals and moral issues can be difficult. Everyone has different morals and values that influence the decisions they make. Ethics are a set of rules and guidelines that are generally accepted and are supposed to be followed by everyone in an organization. Morals and ethics go hand-in-hand for the most part but, there are differences between the two, especially in a business setting. Ethics are more of what the public views as right and wrong. Morals on the other hand are more on the personal level of what is right and wrong. No matter what the setting ethics and morals are connected. When a code of ethics is written for an organization morals play a part in the process. In most cases a code of ethics in what is generally accepted. Ethics are different from one company to another but, there are many similarities. This would not be the case for morals. Since morals are more personal, everyone has a different perspective on what is moral and what is not. Ethics and morals influence decisions people make both in business and personal settings. A good example for showing the difference between morals and ethics in a business situation would with a defense......

Words: 767 - Pages: 4

Premium Essay

Ethical Moral Issues

...Ethical and Moral Issues in Business Ethics and morals go hand-in-hand in workplaces and organizations should be concerned about ethics and morals. Businesses that operate ethically and morally depend on how the managers, and employees behave, how they interact with each, and with customers. In this paper the difference between ethical issues and moral issues, differences between personal ethics and business ethics, and examples of common ethical problems in business will be discussed. Differences between ethical issues and moral issues Ethics and morals may seem the same but there is a difference. Ethical issues define the code used by a group or society of people. The ethics that people adhere to uses external factors, such as society, peer group, profession, and religion, and may change if any of the influencing factors changes ( Trevino & Nelson, 2007). For example, in England fox hunting was an ethical tradition until a legislation was put into place because of the protest of the evil nature of fox hunting and became unethical. Ethics are well defined and laid down; for example, professionals such as doctors and lawyers knows the ethics of their professions. A doctor will not divulge or discuss his or her patients medical history with anyone but the patient unless given authority by the patient or required by law. Also a lawyer will not compromise his or her client’s interest. Moral issues focus on the right and wrong and do not change. For example, it will......

Words: 756 - Pages: 4

Premium Essay

Moral and Ethical Issues

...head: Moral and Ethical Issues Paper Moral and Ethical Issues Barnone MGT/216 February 3, 2011 Prof. Plum with the candlestick moral and ethical issues PAPER The news today is full of sensational reports involving scandals. Stories of abuses of power, bribery, corporate mismanagement, stealing and other disgraceful behavior constantly assault our consciences day after day, leading us to question the place morals and ethics really have in today’s world. For a business to be successful, morals and ethics are paramount (DeGeorge, 2010). All stakeholders in a business must be able to define, maintain, and defend the ethics of their organization. After carefully reading the first five chapters of Managing Business Ethics, I will now take the time to define differences between ethical issues and moral issues, the differences between personal ethics and business ethics, and then provide relevant examples of common ethical problems in business. Morals and Ethics are often used interchangeably, referring to a certain code of acceptable behavior within a social context. However, there are subtle differences. Moral standards are determined by a society as a whole. These are the standards of right and wrong that individuals are born into, perceive growing up, and are defined in adulthood. Ethics are a modified from these same standards, applied to an organization. Simply worded, ethics......

Words: 513 - Pages: 3

Premium Essay

Ethical and Moral Issues in Business

...Ethical and Moral Issues in Business In today’s business environment employees and manager feel pressure to compromise his or her ethical and moral beliefs. In industry, businesses are encountering issues that are wide spread throughout the industry. On the company side managers are dealing with company specific issues. What are some of the common ethical problems businesses are dealing with today? Knowing the difference between ethical and moral issues and the difference between personal ethics and business ethics will help managers and employees make better choices in the workplace. Differences between Ethical Issues and Moral Issues What is the difference between ethical issues and moral issues in business? Morals define ones personal character and help us define what is right and wrong. Ethics deals with the social system we live in and which we apply our morals. Ethics also deal with our standards and our behavior. Ethical issues deal with the businesses customers, employees, and the employer. Moral issues ask us to obtain all of the facts so we can make an ethical decision. For example, a criminal defense lawyer may have a moral code that says murder is immortal but the ethics of his or her profession tell the lawyer that he or she must defend the accused to the best of his or her ability even though he or she know that person is guilty. Differences between Personal Ethics and Business Ethics What is the difference between personal ethics and business......

Words: 507 - Pages: 3

Premium Essay

Ethical and Moral Issues in Business

...Ethical and Moral Issues in Business Robert Morrison Mgt/216 January 23, 2011 Gail Kelson Ethical and Moral Issues in Business Some people believe that ethical and moral issues are alike, but in all reality they vary in context as well as determined by the situation. Ethical issues can form in companies, organizations, government entities, and in individuals. The difference between ethical and moral issues Ethical issues are problems or a situation, which requires a person or organization to choose between alternatives that must be evaluated as right or wrong. Most ethical issues are not limited to situations just within companies or organizations but can, and often do involve individuals. Morals have a concern with one’s goodness and badness of the human action and character of that person to which it may apply. Everyone develops morals from the time of birth through turning into a young adult. Morals come from achievements and failures and beliefs of family members, friends, coworkers, and anyone else affiliated in the individual’s life. A person’s morals can be......

Words: 658 - Pages: 3