Premium Essay

The Effectiveness of Business Ethics in Education and Today’s Workplace

In: Business and Management

Submitted By phertzberg
Words 2518
Pages 11
The Effectiveness of Business Ethics in Education and Today’s Workplace

October 13th, 2012

Introduction
What do Bernard Madoff, Kenneth Lay and Rob Blagojevich all have in common? They all operated with no apparent ethical behavior even though each had received educational backgrounds in which ethical business practices were taught. As L. Zingales states, “While every firm can have its bad apples, when these apples are at the top, it suggests that a company has either a corrupt culture or a defective selection process, or both.” (Zingales, Jul 16, 2012). In Madoffs case, the Ponzi scheme had been going on since the early 1990’s (Morrissey, Aug 11, 2009). Under the direction of Kenneth Lay, Enron- once one of the largest companies in America- collapsed in bankruptcy and ruined the lives of thousands of people (McLean & Elkind, May 18, 2006). The Chicago Tribune reported that the Illinois House of Representatives was sending to the Illinois Senate a “13 point article of impeachment-a political form of indictment-alleging Blagojevich has abused the power if his office” (Pearson & Long, Jan 9, 2009).
The purpose of this paper is to gauge the Effectiveness of Business Ethics in Education and Today’s Workplace. As business students they graduate from the university setting and enter the business environment they study the ethics in their workplace culture and often find that educational ethics training does not have any value in the work world. “Studies have shown that workers who espouse action on the basis of ethics are often derided as hypercritical prudes or cloying moralists” (Moberg, 2006. pg. 307). This paper will explore the topic of business ethics by the use of critical review of professional and scholarly journal articles, as well as online sources to examine whether this hypothesis is true or not.

Literature Review

Many...

Similar Documents

Premium Essay

Ethics, Compliance Auditing, and Emerging Issues

...Ethics, Compliance Auditing, and Emerging Issues INTERNAL MEMO TO: John Doe CEO FROM: Glen Leonard RE: Ethics Program / Training /Compliance Auditing ------------------------------------------------- DATE: February 22, 2016 This memo serves as notice that we will soon initiate efforts to develop and implement an ethics program as well as the appropriate training and an effective way to monitor those plans. As you are aware, consumers and partners want to work with companies they can trust, and having a program that will build management skills and effectively structure business controls is a great way to become transparent and build that trust. Overall, an effective ethics and compliance program will protect the organization by identifying and preventing inappropriate conduct while promoting adherence to the legal and ethical responsibilities of the organization. The core components of the proposed ethics program will include: * Establishing Standards and Procedures – this will include code of conduct, policies and procedures * Training and Education, to ensure employees are trained on the code of conduct, policies and procedures and other programs and objectives that are relevant to the program * Monitoring, Auditing and Evaluation establishing a system to detect and prevent unethical conduct and to ensure the system is effective and being adhered to. To close, with the establishment of an effective ethics......

Words: 1669 - Pages: 7

Premium Essay

Office Proposal

...Office class. Description This class will be held 2 days a week for a semester in length. The location and times will be determined as the class is developed. The class will be designed for 12 (twelve) students, but will adaptable due to space. It will be taught in various formats, but not limited to lecture, textbook, and hands-on training. Student will also earn up to 2 (two) High School technology credits. The course will be offered in three sections. The sections must build upon each other. Course Objectives The objective of this course is to provide the background for the students to become knowledgeable in the components of Microsoft Office. It will also provide them with the knowledge and expertise to fulfill many roles in today’s society, be preparing them in the field of office systems. Course Curriculum Textbook - Microsoft Office 2007: Introductory Concepts and Techniques, Windows Vista Edition, 1st Edition ISBN-10: 1423927133 Course Standards This course will be taught to Sunshine State Standards (See Documentation).   Course Outline Essential Introduction to Computers Microsoft Windows Vista 1. Introduction to Windows Vista Microsoft Word 2007 1. Creating and Editing a Word Document 2. Creating a Research Paper 3. Creating a Cover Letter and a Resume Web Feature: Creating a Web Page Using Word Microsoft Excel 2007 1. Creating a Worksheet and an Embedded Chart 2. Formulas, Functions, Formatting, and Web Queries 3. What-If Analysis,......

Words: 3876 - Pages: 16

Premium Essay

Challenges in Today's Workforce

...soon as something new comes out, there is another new update or better version right behind it. Technology keeps employers and employees on their toes with the updates and changes that are being implemented daily. Next is globalization. Globalization processes affect and are affected by business and work organization, economics, cultural resources and the environment. Job migration is also becoming more and more popular as companies are seeing it is possible to have someone overseas in a foreign country do the same work for less money than someone in the United States. Ethics is also a challenge that is facing our work today. Ethics is about doing what is right and good. More now than ever, employees are trying to get a “leg-up” on their fellow co-worker and will do anything to get that step ahead. Ethics is also integrity to me. It is how I conduct myself in a professional manner and doing the right thing. Diversity is probably the most challenging challenge that is facing the working world that we live in today. Diversity has to do with more than race and ethnicity. It also includes employees with varying characteristics including religion and political beliefs, gender, education, economic background, sexual orientation and geographic location. There are many employees who feel like they are discriminated against. How do these relate to my current work/career? I am currently an HR trainer for...

Words: 1330 - Pages: 6

Premium Essay

Lit1

...ETHICS PROGRAM Michelle Bennett EST1 11/23/2015 Ethics can be defined as a behavior or action of distinguishing between right or wrong doing and choosing to the right thing. In today’s corporate America, ethics program has become one of the integral parts of the organization as it helps to communicate the vision, mission and the direction of the company. It also helps to restore trust among all stakeholders – employees, investors, regulators, suppliers, buyers, distributors etc. Part A – Standards and Procedures 1) Accountability and Responsibility: All employees of company X should perform their task with sincerity and due diligence. All employee needs to understand rules; law and other regulations put forward by the company and other regulatory agencies and act accordingly. Employees and other personals should not participate or assist anyone in any activity that results in the violation of such law and rules. Failure to comply will result in disciplinary actions and possibly termination. All our employees and staffs are always held to a greater degree of accountability so everyone needs to exhibit higher standard of professional, business and personal conduct. This requires we put greater emphasis on company’s core values and interest of our clients before our own personal interest. 2) Diversity: We understand and deeply value the differences that our employee brings to the organization, so we strive to build a more friendly, profitable and effective......

Words: 1632 - Pages: 7

Premium Essay

What Is Organizational Behavior? Quiz

... b. OB can shed light on the interactions among family members. c. OB can be used in community settings like children’s daycare centres. d. OB can be applied to any organization in order to make it run more effectively. e. OB focuses on 3 levels of behaviour that can occur in any organization. Difficulty: 1 Page-Reference: 4,5 Question ID: 01-1-01 Skill: Recall Topic: Defining Organizational Behaviour Objective: 1 Answer : a.OB is relevant only in employment situations.                 2. Which of the following situations would likely receive the least benefit from studying Organizational Behaviour(OB) techniques? a. voluntary community groups b. large family situations and interactions c. post-secondary education student study groups d. religious organizations e. pre-teen paper routes Difficulty: 2 Page-Reference: 4,5 Question ID: 01-1-02 Skill: Recall Topic: Defining Organizational Behaviour Objective: 1 Answer : e.pre-teen paper routes                 3. A field of study that investigates the impact of individuals, groups, and structure on behaviour within organizations is known as a. psychology. b. sociology. c. social psychology. d. anthropology. e. organizational behaviour. Difficulty: 1 Page-Reference: 4 Question ID: 01-1-03 Skill: Recall Topic: Defining Organizational Behaviour Objective: 1 Answer : e.organizational behaviour.                 4. A consciously coordinated social unit composed of a......

Words: 9689 - Pages: 39

Premium Essay

Technology Impact

...century, ensuring quality standards were implemented meant that organizations had to re-evaluate their training methodologies. Additionally, laws implemented to advocate for workers also brought about changes in the approach to employee training. With the onset of technology as a helpmeet for understanding the needs of an organization as well as offering training that helps grow the business, employers began implementing these new technological learning opportunities when offering employees both company-centric and legally required training. Noe (2010) tell us that, “Recognizing the value of human, social, and structural knowledge, many companies are attempting to become learning organizations and to manage knowledge in order to develop better products and improve customer service.” Therefore, as companies proceed into the 21st century and modify their approach to training on a global scale, technology provides additional options for meeting the training needs of the organization when adhering to legal training obligations to increase employee accountability, and driving success of the business with efficiencies that technology offers the training arena. Policies and Law Noe (2010) states that, “Behavior-based programs focus on changing the organizational policies and...

Words: 2491 - Pages: 10

Premium Essay

Code of Ethics Analysis Paper

...Code of Ethics Analysis Paper PHL/323- Ethics in Management March 24, 2014 Code of Ethics Analysis Paper In today’s business environment, codes of ethics serve the purposes of guiding the everyday conduct of professionals, and all those (consultants, volunteers, and board members) who operate within a particular business or organization. The everyday conduct of professionals becomes important when servicing consumers, and is known to directly impact the community. Because codes of ethic govern ones conduct, it is imperative for business to consider the effectiveness of such codes that are outlines in their profession. The purpose of this analysis is to analyze the code of ethics established by the Arrow. In conducting such an analysis, I will first determine what is to be considered based on importance, and why such codes are important, and a justification will proceed. After providing a justification on the importance of such ethics, I will then attempt to analyze Arrow’s code of ethics, by considering how the code will be implemented, possible reactions from employees, and the effects the code will have on the organization as a whole. System of Inquiry After much deliberation, the following will include a system of inquiry that will be used to analyze the code of ethics established by the Arrow. Areas of inquiry will include: the organization definition of ethics, people issues, consumer confidence, corporate social responsibility, leadership......

Words: 2059 - Pages: 9

Premium Essay

Organizations and Organization Theory

...Markets, technologies, and organizations are becoming increasingly interconnected Ethics and social responsibility The list of execs and major corporations involved in financial and ethical scandals continues to grow Speed of responsiveness Globalization and advancing technology has accelerated the pace at which organizations in all industries must roll out new products and services to stay competitive The digital workplace In today’s workplace, many employees perform much of their work on computers and may work in virtual teams, connected electronically to colleagues around the world Diversity By 2050, it is estimated that 85% of entrants into the workforce will be women and people of colour What Is an Organization? ­Organizations: social entities that are goal-directed, are designed as deliberately structured and coordinated activity system, and are linked to the external environment Types of Organizations Multinational corporations Small, family-owned shops For-profit versus non-profit organizations Organizations exist to do the following: 1. Bring together resources to achieve desired goals and outcomes 2. Produce goods and services efficiently 3. Facilitate innovation 4. Use modern manufacturing and information technologies 5. Adapt to influence a changing environment 6. Create value for owners, customers, and employees 7. Accommodate ongoing challenges of diversity, ethics, and the motivation and coordination of employees Perspectives on......

Words: 1385 - Pages: 6

Premium Essay

Organization Behaviour

...forms of three basic criteria: performance (e.g. quantity and quality of products and services; level of customer services), employee satisfaction (often exhibited through lower absenteeism, tardiness, or turnover), or Personal growth and development (the acquisition of lifelong knowledge and skills leading to continued employability. A number of critical changes and challenges faced by managers today. Let’s compare today’s work environment with that of ten years ago. Prepare a list of six to eight items, and include a rationale for your choices. There are numerous items that you might have identified from your own work experience and your knowledge of organizational issues. Let’s review some of the possibilities. 1. Globalization: Certainly the emergence of a ‘borderless’ world has had a tremendous impact on the way organizations behave. They are no longer insulated from foreign competition, and this has forced organizations to examine cost efficiencies, structure, job design, human capital, and many other sources of effectiveness and competitiveness. 2...

Words: 3517 - Pages: 15

Premium Essay

Transformational Leadership

...Johnathan Post, and Gaynor Cheokas regarding the need for a new type of leadership in today’s social work environment, defined as Transformative leadership. The article itself varies in the definition, however in a broad sense Transformative leadership is maintaining good moral standing and sound business ethics among employees and individuals inside and outside the workplace. However, in order to reach this theoretical level of business related moral and ethical leadership known as Transformative leadership, one must be able to interpret and utilize the six other forms of leadership. The six forms of leadership discussed in this article are Charismatic, Level 5, Principle-centered, Servant, Covenantal, and Transformational leadership. There will be a total of ten propositions (P) that correspond to a given model of leadership and will be referred to as (P1, P2. etc.). When these six models of leadership are combined and used in conjunction, it is known as transformative leadership which makes up the content of this article. Keywords: Ethics, Transformative leadership, Covenantal leadership, Moral standing, Proposition, Level 5 leadership, Servant leadership, Principle-centered leadership, Transformational leadership, Charismatic leadership Executive Summary of “Transformative Leadership: Achieving Unparalleled Excellence” Transformative leadership is predominantly based on sound ethics and good moral standing among peers and coworkers. The argument that the authors......

Words: 3685 - Pages: 15

Premium Essay

Business Email

...------------------------------------------------- The Business Edge Program – giving employers what they want The development of employability skills, commonly referred to as key, core or generic skills, in business graduates is of increasing importance to employers worldwide. This focus on fostering skills, attributes and knowledge which better prepare students for the workplace is not a new concept but one recognised in both education and industry as now being a pivotal element of business undergraduate education. In 2002, the Australian Chamber of Commerce and Industry [ACCI] and the Business Council of Australia [BCA] developed a national framework for employability skills (Department of Education, Science and Training [DEST], 2002), see table below. In line with changing global and national business environments, a more contemporary employability framework is needed to first, reflect evolving industry requirements and second, to provide the Business Edge (BE) program with a clear set of program outcomes. As a core component of the Bachelor of Business, BE is based on a framework which captures and reflects current employer preferences and priorities (see table below); ensuring that ECU business graduates meet the expectations of today’s employers. 2002 Employability skills framework1 | ECU Graduate Attributes | 2010 BE Employability Skills framework2 | Communication | Ability to communicate | Communicating effectively | Teamwork | Ability to work in......

Words: 1161 - Pages: 5

Free Essay

Managing Hr Today

...IBMS Managing Human Resources Today       Table of Contents Introduction Organizational Development Staffing and Recruitment Development of Workplace Policies Dealing with Laws Affecting Employment Retention Discrimination/Harassment Ethics Company Monitoring Conclusion Works Cited 2 Introduction In  today’s  society,  the  nature  of  the  world  in  which  we  live  is  competitive.  Whether  it  is  for  the  best  education  or  the  top   honor  in the world of sports, there is competition wherever you  turn.  The same is true for the world of business.  Organizations in the same field are in constant  competition  with  one  another  in  order  to  deliver  their  product  or  service  to  the  greatest number  of  consumers  and  prove  themselves  to  be  the  superior  company.   With  most  of  the  products  and  services  being  similar  among  competing  companies,  it  can  be  a  tough  task  for  one  company  to  differentiate  themselves  and  become  more  successful  than their peers.  One of  the  most  prominent  ways  that  companies  differentiate  themselves  is  by  the  use  of  strategic human  resources  management.  HRM  plays  an  essential  role  in  developing  a  company's  strategy  as  well  as  handling  the   employee­centered  activities  of  an  organization.  Progressive  HR  Departments are strategic in nature.    In  order  for   an  organization  to  be  strategic  in  their   approach ...

Words: 1726 - Pages: 7

Premium Essay

Book

...Today's Mexico is highly determined to become a full player in the globalizing international business(Negroponte,2013). Furthermore, Mexico is the 15th largest exporter economy of the world(Rao,2008). Therefore, Mexico is an attractive place for MNEs to operate. In early times, early civilizations(Mayans, Aztecs and Toltecs) controlled Mexico. These civilizations were very hierarchical, power remained exclusively with the top few and undoubted loyalty was the norm(Rao,2008). Rao(2008) illustrated, because the aggression of the Spanish, Mexico's culture strongly influenced by these invaders. Loyalty, hierarchy and absolute authority become the concepts of Mexican culture. Comprehending the cultural differences between Mexico and home country can influence a person's experience when he or she serves as an expatriate in Mexico(Villatoro, Chang & Lane). Hence, cultural differences is the first characteristic that lead to the failure of expatriates' assignment in Mexico. According to the Hofstede's national cultural dimension scores, Mexico ranked high on power distance(5.22) as well as in-group collectivism(5.71). As a result, substantial global firms do affected by the culture of high power distance and in-group collectivism. High-power distance represents inequality, which means unequal power between superior and his subordinates(Graf, Koeszegi & Pesendorfer,2012). High on in-group collectivism means a culture undoubtedly loyal to both their immediate and......

Words: 1022 - Pages: 5

Premium Essay

Ethics Gets Personal

...LEADERSHIP AND ORGANIZATION Title: How Personal Can Ethic Get? Name: Raymond McCall Instructor: Dr. Orsini School Name: Strayer University Course: Leadership and Organization Date: 1/23/2011 Discuss how personal differences and preference can impact organizational ethics. People have different attitudes towards their work due to their preferences. This implies that there exists natural tension between people values or preferences and organizational ethics (Giacalone & Jurkiewicz, 2010). Personal and professional differences have impact on organizational impact in that people start behaving in ways that are inconsistent with their personal characteristics and not consistent with organizational ethics. Giacalone & Jurkiewicz (2010) established that “the deciding factor behind a person’s decision to conform, leave, or alter is based on the relative priority given to the conflicting organizational ethics” (p. 155). Individual preferences shape ones consciousnesses; imposing routines that reflect socially approved, purposive action hence they guide the perception and behavior of oneself. This implies that these preferences present cultural and contextual constraints that alter individual and organizational perspectives on social issues (Giacalone & Jurkiewicz, 2010). Studies indicate that if a personal need for job is an individual’s overriding value above all other, then conformance to organizational ethics is the likely response to the......

Words: 4636 - Pages: 19

Premium Essay

Diversity in Fhe Workplace

...Assignment II: Individual ‘Successfully managing diversity can lead to better performing employees and potentially better financial performance for an organisation’. Introduction The composition of today’s workforce is changing as companies expand across boundaries and increased globalisation facilitates the movement of labour from one country to another. Modern companies comprise employees of varying ethnicity, languages, cultural background, sexual orientation and even age as there are even older persons opting to remain in the workforce. Despite this cosmopolitan mix companies have to ensure performance is optimal and business profitable. Managing organisational diversity levels has now become essential as the pressures of globalised markets and international competition are increasing the amount of diversity organizations must manage, both internally and externally. Diversity specialists (Soutar, 2004; Yang, 2005) have suggested in that in order for businesses and organizations interested in prospering and surviving in the twenty-first century embracing the competitive advantage afforded by a diverse workplace is needed This report looks at the impact of managing diversity in the workplace and the performance and financial benefits which can be gained from successful management. Novartis Pharmaceuticals is one such company which has placed emphasis on embracing and managing diversity and using this to the company’s advantage. The Company Novartis is......

Words: 2250 - Pages: 9