Ethics Essay

1107 words - 4 pages

Ethic Issue PAGE 1
Ethics Issue PaperRobin L. MarshMGT216April 2, 2010Ethics IssuesDoing business in the global market has brought many changes to the old business model. Today the ethics of a how business operates is a primary concern. Many issues have come to light during such disasters such as the ENRON scandal in which the lives of many people were financially destroyed to the substandard manufacturing practices in the case of Toyota that has damaged the reputation of the company and therefore lost consumer confidence in their products (MacDonald, 2010). In today's world it is more important than ever for businesses to conduct themselves in a professional manner and engage in legal activities.Clearly defined business ethics is a system of moral principles applied in the business world. Business ethics provide guidelines in the form of written or unwritten codes of principles and values that govern the strategy formulation and day-to-day operations of the organization.Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social and philosophical questions, such as a company's responsibility to preserve the environment and protect employee rights. Many ethical conflicts develop from conflicts between the differing interests of company owners and their workers, customers, and surrounding community. Managers must balance the ideal against the practical-the need to produce a reasonable profit for the company's shareholders with honesty in business practices, safety in the workplace, and larger environmental, and social issues.Following the ENRON disaster outrage over ethical and financial misconduct by senior management of public companies historic legislation redefining the roles and responsibilities of corporations and those who serve them was enacted. Greed, which was manifested in personal enrichment of officers at the expense of shareholders and manipulation of accounting standards raised many questions about the values of those at the helm of organizations that rely on the public markets as well as the system of checks and balances that exists in corporate America. The Sarbanes Oxley Act (SOX), which was enacted in 2002, required companies to disclose the fundamental business values by which the senior management of companies operates. More recently, the Securities and Exchange Commission approved listing standards of the New York Stock Exchange and the Nasdaq Stock Market that now requires companies to have codes of ethics governing the conduct of their directors, officers, and employees, and to disclose any waivers granted to directors and executive officers (AICPA, 2010).At Anthem Blue Cross; the organization takes the compliance of the Sarbanes-Oxley Act to heart. By direction of Executive Management and the Audit Committee, all primary financial controls assessments are required to be tested and supported by a quantifiable detail such as testing...

Find Another Essay On Ethics

Ethics Essay

2161 words - 9 pages Table of Contents1. Table of Content ...............................................................12. Executive Summary ............................................................23. Introduction .....................................................................34. Importance of Individual Ethics..............................................45. Ethics within The Organizations ................................. ...........6Defining

Ethics Essay

1076 words - 4 pages 1. Ethics is the investigation into the conceptual and theoretical ethical resources for solving ethical problems and into the solutions to them.2. Ethics is subdivided into theoretical ethics, which studies the conceptual and theoretical resources for solving problems, and applied ethics, which examines specific problems and offers solutions to them.3. Ethics is open to everyone, no matter what their particular religious


717 words - 3 pages As the entire dissertation has demonstrated, I have endeavoured to construct a thesis on an alternative ethics of subaltern subjectivity, which is deployed through the simultaneous transformation brought out by the intricate interplay of the ontological, the epistemological, and the ethical. I have also argued and explored how both the process of self-naming and love as ethical enterprise have contributed to the establishing of such an

Ethics - 2873 words

2873 words - 11 pages is not in love with her and breaks his promise to Harold to marry her (Thiroux 316).Within my paper I will talk about the elements of ethics and the theories of ethics, and how they relate to the dilemma at hand. The dilemma is whether or not David should have kept his promise to Harold of marrying his sister. I am going to talk about this dilemma in terms of the basic distinctions within ethics. The basic distinctions are individual or personal


815 words - 3 pages Running head: ETHICAL PRACTICES PAGE 1 ETHICAL PRACTICES PAGE 2 Tyco IncorporateLeLia WilsonMGT/498October 2, 2013Leroy PurdieUniversity of PhoenixTyco IncorporateThis essay will explain the role of ethics and social responsibilities in developing a strategic plan show and how it reflects the stakeholders. It will also demonstrate the ethical boundaries that Tyco International used in overstepping ethical boundaries of stakeholders and what

Ethics - 1648 words

1648 words - 7 pages Ethics Imagine a 15 year old student in philosophy class. After discussing why should you or shouldn't you judge other societies, and getting in depth with ethics, the teacher decides to tell a story to the class. She says"..there is a tribe in the Amazon(Brazil) were they show love and respect by cutting body parts.It would be a good sign if your father cuts a finger of a son...." she then asked the class ".... if you end up in the Amazon

Ethics - 2585 words

2585 words - 10 pages PAGE 16Organizational Culture and Ethical Decision MakingMelinda L HuttonChadron State CollegeAbstractBusiness culture, values, and leadership is what is believed to establish ethics in the workplace. Organizational managers need to be knowledgable about all aspects of business ethics. This includes codes of conduct, leadership, ethical decision-making, and culture differences which surround ethics. Communication and awareness are keys to

Ethics - 940 words

940 words - 4 pages Leaders make critical decisions between right, wrong, and the lesser of two evils every day. These decisions can affect the person making the decision, their employees, and goals of the organization. There are many readings that describe ethics and leadership, but ethical leadership is basically knowing your inner values and having the courage to steadfastly live by them for the purpose of the common good. Southwestern College's Master of


1096 words - 4 pages EthicsEthics play a huge part in society especially when talking about the law. Through philosophy and theory morals are justified to what the difference between good, bad or right and wrongs are. It is important to know the differences to create an honest and fair system. The morals or judgments within our justice system are to help keep a civilized society. Through codes of ethics and rules of professional responsibilities the system maintains

Ethics - 3333 words

3333 words - 13 pages ABSTRACTThe purpose of this paper is to review the issues of professional ethics, breach of confidentiality, whistle blowing, public and private morality and the impact of social responsibility as they relate to a hypothetical case involving a Mr. Doe an executive of a Nonprofit organization engaged in building affordable housing for the homeless and contractors who authorized to fraudulently build a house in Mr. Manders property without his

Ethics - 931 words

931 words - 4 pages intensity is a major factor in influencing the ethical awareness, ethical decision-making and behavior of the employees (Jones, 1991). Every ethical issue can be represented in terms of its moral intensity Moral awareness of the ethical issue is the major step in the decision-making that leads to the ethical choices and behavior. Bounded Personal Ethics Model by Murnighan, et al (2001) suggest that people are influenced both by concern for ethics

Similar Essays

Ethics Essay

767 words - 4 pages Business ethics are when people are doing what they are suppose to do.Like for a non example of business ethics if a boss asks an employee if he or she could print some papers out for the boss and to write get a coffee and to give it to him at one o’clock ,and the employee decided to not do it till later and then it is twelve fifty seven and gives it to the boss at one thirty five.An example of business ethics is if a teacher tells a student to

Ethics Essay 892 Words

892 words - 4 pages IntroductionFrequently there is some confusion between the ethics and the morals. In simplistic terms, morals refer more to the individual's system of conduct to determine whether something is right or wrong, good or bad. Individual morals are usually fixed early in life, changing little over the years. Ethics generally refers to a field of philosophy describing a social system in which morals are applied, where there may be written standards

Ethics Essay 892 Words

892 words - 4 pages IntroductionFrequently there is some confusion between the ethics and the morals. In simplistic terms, morals refer more to the individual's system of conduct to determine whether something is right or wrong, good or bad. Individual morals are usually fixed early in life, changing little over the years. Ethics generally refers to a field of philosophy describing a social system in which morals are applied, where there may be written standards

Ethics Essay 1163 Words

1163 words - 5 pages Key Term and why you are interested in it Ethics is defined as “the discipline dealing with what is good and bad and with moral duty and obligation”. “Business ethics is defined as “the study of ethical dilemmas, values, and decision making in the world of business”, which is not considered as a “separate disciple from ethics, and international business ethics, “examines many practical issues that result from international context of business