Business Law Ethics Essay

945 words - 4 pages

A very important and influential aspect of business is the way in which various enterprises execute their moral beliefs and incorporate them into their specific industry. The philosophical reflection upon this particular aspect of business is known as ethics, which has become an increasingly integral focus of society due to its recently discovered value. Since business is a commercial or industrial enterprise engaged in as a means of livelihood, strong ethics is especially vital because it is the conscious reflection on the integrity, credibility, and trustworthiness of that which is being assessed. Due to the highly competitive nature of today's market, companies must maintain high moral integrity in order to survive especially since strength in ethical values have such a drastic effect on consumer ratings, which will inevitably effect reputation and business. In order for a company to remain successful, it must recognize its faults and improve on them constantly. When contemplating ethics in business, focus is placed upon; key issues that arise which must be recognized in business, the benefits of strong ethics compared to the consequences of ethical misdeeds, and perspectives of ethics in business in the form of benchmark figures.The major concerns that arise in business are related to the effectiveness of compliance policies and the influence of the management, the ultimate focus of the company and its relation to ethics, and the relationship of employee loyalty and ethics. Compliance policies refers to the established standard of ethical conduct that employees within a company must always follow. Effective compliance policies maintain a level of ethicality that employees must meet in all aspects of their business, and the reason why these compliance policies are effective is due to their enforcement and the importance placed upon them by the management (Institute of Business Ethics 4). The influence of the management on the employees is like that of a parent on a child; both must foster strong ethical values and serve as role models for the subordinate whether an employee or a child. This will encourage and influence the employees to follow the same ideal which will most likely create a more responsive staff. The focus of the company is always demonstrated during employee training; if the employer is only focused with sales and revenues and does not address ethics then the employee will develop a disregard for conduct use any means necessary to meet their superior's goals. However, if the employer focuses on incorporating strong ethics into everyday business, then the employee will follow suit and do the same. Lastly, its is proven that the loyalty of an employee to their company is directly related to their company's strength in ethics (Kuttner 27). Statistically, forty percent of employees who say their superiors are persons of high moral integrity are also truly dedicated to their company. Though this may seem low, it is considerably...

Find Another Essay On Business Law Ethics

Media Law and Ethics- How it is used in journamlism

2005 words - 8 pages writing will not be maintainable in the future because it has no acknowledgement of other people's perspectives on a topic.References:Little, J. 2013 Stories of Media Practice: Journalism Ethics and Law, Oxford University Press, Australia.

The use of Ethics and Law in Journalism

2005 words - 8 pages writing will not be maintainable in the future because it has no acknowledgement of other people's perspectives on a topic.References:Little, J. 2013 Stories of Media Practice: Journalism Ethics and Law, Oxford University Press, Australia.

Ethical and legal analysis of the Ann Hopkins v. Price Waterhouse discrimination law suit. Focuses on case law and ethics.

3145 words - 13 pages had to know that discrimination was in play, yet no one stepped up to stop it. Arrogance and a sense of immunity also arose in the case for me.5. TAKING AN "ETHICAL" COURSE OF ACTION I feel that business ethics along with simple morals were absent in this case. They simply failed to follow basic ethics actions tests [4]. It just doesn't make good business ethics to discriminate against any Title VII category. It undermines your operations

Marketing Law and Ethics: The Advantages and Disadvantages of Ethical Behaviour in Marketing.

1104 words - 4 pages Marketing Law and EthicsAssignment One - EthicsBeing ethical as a marketer has its advantages as well as its disadvantages. The 'negative' advantages are obvious, all of which point to personal and business gain. However, to say that one must act unlawfully to be unethical would be false. The provided statement is completely factual and is particularly relevant to marketing and, more accurately, business, in the fact that "ethics are not, by

Ethics in Law Enforcement

658 words - 3 pages careers you may have to quiet your own morals so that they don’t interfere with the ethical standards of your position. Ethics are important for law enforcement because it keeps individual personnel from stepping outside the boundaries and helps in attaining as much fairness as possible. There will always be individual law enforcement officers that drift outside their boundaries, but we hope that with ethical standards that they would be punished

Ethics and law

1009 words - 4 pages Farms rebuilds in Arkansas they should continue to pay all their employees not just high level employees they don't want to lose. What goes for one should go for all, being fair and just is a key belief the CEO must possess.Money, rationalization, conformity, and being lost in a crowd are all ethical traps being faced in this situation.I would be willing to risk my job to protect my employees. Without employees there is no business. I believe in

Law Vs. Ethics

1788 words - 7 pages The conflict between law and ethics has been a topic of debate since time immemorial. Today, the debate rages on especially with the issues like abortion, euthanasia, gay marriages which highlight the contention between ethics and law. Is it ethically justified to administer euthanasia to a suffering person who his family or the patient requests for it? Is abortion ethically justified because it is legal? Is gay marriage illegal and wrong

Law Enforcement Ethics

734 words - 3 pages This fact pattern is a perfect example of ethics in criminal justice, because it comes down to an individual officer who is facing a dilemma of acting ethically, writing the man a ticket for speeding, or unethically, arresting him after an unreasonable search and seizure. This case would undoubtedly be very emotional for an entire tight nit, small community; therefore, it is easy for one to immerse him or herself into the role of the officer

Enforcing the Law on Ethics

652 words - 3 pages I think we have quite enough laws concerning ethics. Where we have a problem is in their enforcement, and in the motivation to behave unethically. Personally, I think it is a simple reality that crime pays, and it pays big. Taking the profit out of unethical behavior is where we need to concentrate our efforts, and we should be including the companies where the unethical people work in the equation. After all, if they will have to pay, they will

Some Differences between International Law and International Ethics

602 words - 3 pages International law and international ethics, although seemingly different at first glance, have quite a few similarities when given further examination. International law is based on positivism, what is observable and what is practiced. Like any system of laws, international law is meant to maintain order within the international system. International law is also meant to maintain a sense of justice. The attempts to meet these objectives are

Ethics According to Natural Law - Aquinas's and Augustine's Views.

1139 words - 5 pages Natural law would view abortion as wrong because it interferes with the fetus's "quest" toward its divine destiny of completed potentiality as a human being. "Thomas Aquinas, On the Truth of the Catholic Faith, book II, ch. 89, reflected the influence of Aristotle's views on human development: "The vegetative soul, which comes first, when the embryo lives the life of a plant, is corrupted, and is succeeded by a more perfect soul, which is both

Similar Essays

Business Law And Ethics. Can The Issue Of Profitability And Ethics Be Balanced Against Each Other

918 words - 4 pages BUSINESS LAW AND ETHICS.Can the issue of profitability and ethics be balanced against each other:Businesses in today's world is a major part of everyday life some corporate are even larger than many economies of the world thus the businesses have a responsibility towards the very society in which they carry out their operations. This is known as corporate social responsibility according to (Kotler year missing)"corporate social responsibility is

This Essay Is A Research Essay Of "Labor Law Osha", This Is Done For Business Ethics Class.

4569 words - 18 pages Title 29 of the United States Code is a code that outlines labor in the United States. Most regulations involving labor law can be found in Title 29 of the Code of Federal Regulations, but particular matters may be addressed by other regulations. Labor law in the United States is a heavily regulated area, and administrative agencies play an enormous role by in enforcing regulations and ruling disputes. The cabinet level agency responsible for

Marketing Law & Ethics. Essay

2344 words - 9 pages Marketing Law & Ethics- ETHICSQuestion 1Marketing is a key factor in business, which outlines the concepts of society's needs, wants and demands. It is through the exchanging of products and value with others that laws are needed to regulate the market place. However, certain situations are not provided for in law. As a standard of conduct in business, ethical behaviour is important when facing the challenge of balancing the best interests

Law And Ethics In Journalism Freedom Of Speech

1594 words - 6 pages allegations. (Pearson, 2007)In law, defamation, which is also referred to as libel or slander, is the communication of a statement that makes a false claim, expressly stated or implied to be factual, that may give an individual, business, product, group, government or nation a negative image. Slander refers to a malicious, false, and defamatory statement or report, while libel refers to any other form of communication such as written words or