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The Importance Of Business Ethics

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Making Ethical decisions always involve two things. Firstly, it involves normative judgments and secondly, it the decision has to consist of a question of morality. Morality is referred to as the society’s highest standard of behavior and it is widely accepted (Dessler, 2010).

What is Business Ethics?
According to various individuals, each has their own meaning of Business Ethics, but generally it is the understanding of knowing what is right and wrong in the workplace in regards to the effects of products, services and the relationship with stakeholders. According to Wallace and Pekel, the attention to business ethics is condemnatory throughout fundamental change, i.e the circumstances that businesses now face both for non-profit and for
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The code of ethics that are used by the HR managers determines the discipline procedures and the satisfactory behavior for all workers in the organization organogram. When the leaders themselves have high standards of ethics, it inspires the workers within the organization to encounter the same level (French, 2006). Due to ethical leadership, it magnifies the company’s reputation in the community and financial market. For instance, if the top management of GM Motors are ethical then it is would have a positive effect on the rest of the hierarchy. A strong reputation for harnessing ethics and integrity in the local community, may lead the company’s business to …show more content…
The very first point that needs to be highlighted is that the manager, who would be conducting the appraisal, is ethical him or herself as the decisions that would be taken would directly affect on the employee (Price, 2011). For instance, BRAC, the largest NGO is the world has an unethical HR manager. By having so, the conducted appraisal may be biased as the manager tends not to get along with the employee for personal reasons. Thus, it is important for the roots of the organization to be ethical, fair and transparent beforehand so that the actions and conclusions they later on does not create a negative effect on the labor

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