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Affect Of Cultural Values And Personal Ethics In Business Decisions

1227 words - 5 pages

Personal, organizational, and cultural values can create a difficult problem when trying to make a business decision that includes all the previously stated. Personal values are what each individual holds dear to them living the types of lives that he or she like and would like to lead. Organizational values are what are best for the company to maintain a good public image and employee guidance. Cultural are set on traditions handed down from generation to generation to preserve a way of living that each culture holds dear and true to them. Trying to intertwine these types of values when making professional and personal decisions in ones life can create a very stressful situation. Stand by personal values and do not deviate then there are not too many difficult decisions to face.
Values are personal rights and wrongs that parents instill in their children.
Values are a person's outline or a mission statement that they try not to deviate from. People can also learn values as they get older and are in their own right and wrong situations. Values vary from person to person but people have to live and learn to discover what values that he or she hold very dear and close to them. Your values are also intertwined with morals and ethics.
Personal values are the standards that people have to live and learn in order to set what is right and what is wrong that they will not accept in their lives. The American culture takes pride in being able to have the freedom of personal values to live by. Respected or disrespected values are a freedom that we get to have as Americans. Instead of having some dictator or authoritative figure tell us what our personal values are going be.
Organizational values are values that companies/organizations try to conduct business by. Stated below is a quote from an article titled "A Framework For Universal Principles of Ethics" (Colero):
Individuals acting in a professional capacity take on an additional burden of ethical responsibility. For example, professional associations have codes of ethics that prescribe required behavior within the context of a professional practice such as medicine, law, accounting, or engineering. These written codes provide rules of conduct and standards of behavior based on the principles of Professional Ethics, which include:
· Impartiality; objectivity
· Openness; full disclosure
· Confidentiality
· Due diligence/ duty of care
· Fidelity to professional responsibilities
· Avoiding potential or apparent conflict of interest
Even when not written into a code, principles of professional ethics are usually expected of people in business, employees, volunteers, elected representatives and so on (Colero).
The above stated quote gives and excellent informal standards of professional ethics. The informal principles of professional ethics are a blueprint that most people in businesses and many other workplace settings can refer to when some guidelines are unclear. The bullet...

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