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Business Ethics Essay

1292 words - 5 pages

Many business managers argue that the primary responsibility of a business is to turn a profit; however, society is more concerned for corporations to assume ethical responsibility, in which welfare for the greatest number of people will be promoted. This paper addresses the fact that the subjectivity of morals within the military and individual leaders; as some issues could be viewed as ethical by a group but not so by others. The members of an organization and its employees are part of the team, therefore the organization would benefit if their leaders are having strong ethical principles and positive relationships . Because business ethics helps the team work better both individually and as a unit, thus inspiring ethical values while maintaining innovation and overall productivity. Effective leadership is relevant for business ethics because increasing demands are placed on leaders to behave in more ethically and responsible ways (Velasquez, 2006).
Organization’s Social Responsibilities
Ethics is a word that gets used a lot these days. Increasingly, the U.S. Navy as well as corporate America is teaching business ethics to empower their teams to win big. In doing so, they are seeing more of their employees take control of their own ventures with the company.
In turn, employees are also becoming more responsible for the quality of their work and benefiting from the rewards that follow.
The U.S. Navy has some unique and innovative mechanisms for making choices more visible. Because “ethical management practices” is one of that of the military’s stated business aspirations, part of the Chief Petty Officer of the Navy core curriculum is a seven-day program dedicated to teaching processes for thinking and acting ethically. Military leaders are presented with some cases which they have to develop solutions using ethical decision-making processes and deliberate them among the rest of the classroom. The method of emphasizing ethics enables the leaders to be more inquisitive about their ethical issues not only in the leadership workshop but also back at work. As we continue working to become “all you can be”, we can start to let go of our petty self-interests. As we give back, we can potentially reconstruct our communities. As we serve in for military using the values of freedom, justice, equality, caring, and dignity, we can constantly renew the foundations of democracy.
Definition of Ethics
In accordance to Velasquez, ethics is the discipline that deals with “right” and “wrong” or “good” and “evil” decisions that are made in according with approved standards of behavior. This is normally regulated by society and legislated by laws from federal government, state, and the country in which the business is executed, as well as, highly scrutinized by the media. But ethical behavior should not stop there, because usually laws only set minimum standards which corporations could always improve on (Velasquez, 2006).
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