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As such, it becomes necessary to monitor their activities in order to ensure that profit is maximized through production. This essay is a critical evaluation of the human resource management from the perspective that it might be an unethical process.
Managing people in a business is important since it ensures that processes and activities are harmonized in order to increase and maintain the standard of business performance based on the fact that businesses rely on their human resources to achieve the set goals and strategies by providing labor and the necessary expertise (Pareek, Let us write or edit the essay on your topic "Business Ethics" with a personal 20% discount.. Try it now 2000). Human beings unlike machines have their weaknesses which at times make them commit careless mistakes especially when they are not being monitored. From observation, employees can be categorized into two groups which include those who are capable of conducting their duties without being monitored or managed and those who cannot perform unless there is a manager around to supervise them. In this case, human resource management becomes an important department in a business organization which is entrusted with the responsibility of ensuring that employees discharge their duties according to their job descriptions.
Managers also have the responsibility of ensuring that business ethics are upheld in all areas of their administration. Upholding of ethics ensures that there is a cohesive environment for conducting business, which is meant to minimize conflicts between the management and the employees as well as customers who are a valuable asset to the business. Business ethics refers to the moral standards that should be maintained within the organization whether on the part of the management or the employees. Managers are supposed to lead as an example to their juniors especially when discharging their duties and responsibilities (DesJardins, 2008). The powers and trust vested in them by their bosses should be used accordingly to serve the interests of the
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According to the task, these ethics can be explained in many different theories of ethics that include virtue ethics, rationality, utilitarianism, communitarianism, social ethics and normative ethics. Hence, international business ethics and corporate governance can be explained in various ways (Casson 95).
Business ethics are rules as well as standards which an organization is required to follow while performing its activities or operations. It mainly consists of moral standards which vary among organizations and it also helps in determining the right and the wrong decisions.
For example, according to the limited knowledge of the researcher, Magna Carta of 1215 was the first legal reference for ethics in UK (Holme, 2008). However, magnitude of importance for ethical perspective of business operation has been increased manifold in recent years after the financial scams by corporate such as Enron, Lehman Brothers, Worldcom, Nortel and many others came to the light.
Business ethics theories are often adopted by organisations seeking to curb practices that are deemed as corrupt. They usually have moral principles that organisations can implement to make sure that all the workers operating in the company conform to accepted codes of behaviour
Examples of ethical issues concerning three different issues have been explained along with their alleged law suits that have flagged these issues in the United States.
Business ethics are the moral eternal, abstract, and the
To some, the suggestion that an orderly and analytical process of decision making, not only on a personal level – but more so in business, should include the discussion of highly controversial ethical issues, about which
The other group of business people takes it as avoiding activities that portray bad image of the company. If the above are not considered as business ethics the business institutions may suffer loss or may earn the business bad reputation.Business people believe that if good business ethics are adhered to then the business will experience an upward trend with a lot of profit.
A similarity between ethics in the United States and ethics in Asia is that they address a variety of similar factors such as pollution, corruption, fraud and contracts among others. Although approaches to dealing with
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