Business Ethics and Common Business Practice - Research Paper Example

? Business ethics It raises awareness of the ethical dimension of common business practice. 2. Examining these practices on a religious view. 3. Developing a religious defense and critique of a free market economic system and the duties and responsibilities of the corporation, and people within it. 4. Enhancing and developing skills of moral judgment, reading, persuasive speaking and writing. 5. Formulating practical; frame work for any decision making 6. Enhancing proper knowledge on hoe to encourage and maintain ethical, corporate climates. Business ethics defines the application of an ethical value to all business behavior ethics is not an ethereal abstraction and is a practical aid to business problem solving. The module takes ideas from all range of disciplines which include some of the greatest time while thinking how and understand, analyze all the ethical dilemmas in management. Business ethics Practical problems of the moral conduct in the business field, it emphasizes on the philosophy of the foundation of ethical conduct and other practical problems encountered daily. Much of the practical problems centers on the actual problem. Ethics is the study of what is admirable and right for human, business ethics refers to the aspect of human value. Business people speak about business ethics means, avoid breaking the law, in the relate work place, avoiding which may result in civil law against the company and avoid action which portray an unfavorable image about the company. All business are concerned with the three basic things, if not taken keenly the business can result to large loss and company reputation. A business theory addresses various sectors by assigning corporate attorneys and public relation to escort the employees on t heir dairy activities. Anytime an employee might stay a narrow and straight path for an acceptable conduct. Obviously, the solution would be a financial disaster is carried out in practice since it cost the company more. However, it is not the philosophers can teach the ethical issues, even if they can teach the advice will not be financially efficient. Morally responsible, pay attention to the product safety, truthful advertising and environmental impacts with excellent working conditions, we can never solve the tension between the ethical interests. Business people argue that the symbolic relation between business and ethics in which ethics naturally emerge from a profit oriented business. They are both strong and weak version of this approach; it expressed in dictum moral ethics result to a good business. It may be the best financial interest in respect of the company privacy policy. Moral business, practice usually has an economic advantage in the long run. It provides little incentive for business which is designed to simply as a matter of survival. More business practices are not economically viable even in the long run. Second approach to business ethic is the moral obligation in business which is restricted to what the law requires. Universal aspects of western morality have been put into a legal system such as, law against stealing, killing, fraud, harassment, validity and society wavers about its acceptance. Issue under consideration such as determining the counts is responsible in marketing in privacy in the work place. Moral requirements in the society become evident when considering societies that have strong external source morality, broad range of the requirements prohibits against sleeping partners that collect unearned money. Business ethics have limitation ethic is complex and history is filled with different theories, which systematically refuted by rival theories. We expect to find controversies when applying ethics in practices of the business. However, they bring closer to an acceptable moral behavior, close attention to ones profit motive and moral interest of consumers, in addition, the above business ethics help to examine stories of business that have a moral responsibility. Such often reveal blatantly crude, reckless, intensive attitudes of business, which can be signs of unethical conduct. Stakeholder management rights principle has a deontological nature. It evaluates policies and actions on the basis of stakeholder rights. Decisions are not made in reference to burdens and benefits. There are many rights that acknowledge in business. These include a customer’s right to safe products and accurate information, a salesman’s right to work in a favorable environment and an employer’s right to have loyal employees among other rights. Students can determine the relevant rights of stakeholders and the best ways to protect them. Justice The principle of justice of managing stakeholder rights equates to fairness achieved after protection of basic rights. It could also be achieved if burdens and overall benefits are distributed equally. The principle determines if a policy/action is wrong or right by referring to utility and rights. A policy or action is not considered just if in infringes on stakeholder basic rights in any way. Policies that invade employees’ privacy or use deception in carrying out business transactions are considered unjust for business institutions. The justice principle identifies if the distribution of burdens and benefits among stakeholders is just and equal. Unequal distributions can be considered equitable if the stakeholders are better off and the least advantaged stakeholders are in need. This principle for both philosophical and practical motives drives the stakeholder analysis. Business should be about relationships just as it is about outcomes. Organizational This principle acknowledges values presented either in the mission statement of a company or its code of ethics. Therefore, rejuvenates the ethical climate of the company, the behavior, dispositions and decisions made by establishing guidelines. The values of a company should be considered in any business related decision making process. Policies such as profit sharing create an environment that is employee-friendly. Personal So as to give perspectives that are widely ethical, this principle should be different from the justice, utility and care principles. Personal values of students as well as moral principles need to be included into the framework. These values and principles influence behaviors and choices. The ability to make decisions partly depends on the opportunity to adhere to one’s value system. Students need to identify, articulate and implement their moral principles during training. These principles suggest that the organizational principle may serve as the turning point for decisions that are made in representative capacities. If the agency, factors in charge of decision making are diminished in any way, the personal or care principle functions. Business ethics contains ethical component they provide various tools for making ethical judgment. Good behavior requires the ability to make moral decisions. Ethical judgment is not easy to make, making judgment involves three steps. Gathering relevant information, selecting moral norms and making the ethical wrongness and rightness of the policy, ethical decision is not easy to make. Hence, many people seem to be ill defined and subjected and not terribly useful. It is true in religion and politics; there is heat than light generated by ethical discussion lack of knowledge of ethics is unfortunate without ethical. In such as situation trust is essential to any business transaction, is lost. Norms of rights and duties are based on human dignity of person entitlements. Business people are familiar using the ethical norms of utilitarianism. Utilitarianism evaluates actions on the basics of the outcomes. Ethical norm of caring was developed recently from feminist ethics. Moral right is vital, justifiable claim or entitlement to something. Moral right and duties flow from each person human right. Moral rights enable individuals to pursue their own interest and also impose duties or corrective requirements on each other. Legal rights are stated in the law, or in the constitutional system. Most legal rights stern, but they are enacted into law. Every right has an obligation of duty, your right to freedom of speech in an obligation on other aspects. Moreover, the right to freedom of conscience demands that not unnecessarily limit of freedom. In other cases the right and duty stern from the private right property. People also have the right not to lie; especially on matters about the right they know (Chen, 2002). Hence, supervisor has the duty to give helpful feedback on work performances. Employees are dependent on their employees at their livelihood, and often much more. It must be carefully managed, with consideration of both legal and ethical relationship in both parties. It confers rights and duties on both sides. It is carefully managed with consideration for the legal obligation. Some responsibility; are legal, social and ethical in nature, parts of the employees have an obligation to provide the measure of job security. Safe and healthy work places are an equal opportunity for all. They are obligated to pay a decent wage and respect workers. Employer must respect employees and the right to privacy. Employees have the role to behave in acceptable ways. They should not abuse alcohol and drugs in a way that impairs their work load. They should deal with customers and coworkers in the honest, fair and nondiscriminatory way. They should also reveal proprietary information to others. Both legal and ethical on both parties follow related issues of work diversity (Dobson, 123). Many jobs are potentially hazardous of the work place, health and safety. Some industries they use high speed and noisy machinery, extreme voltage and high speed voltage. Over the past few years, new categories of accidents and illness have imaged, including past growing job safety difficulties problem of repetitive motion disorders such as wrist pain experienced by supermarket checkers. In response, businesses have given the response to greater attention to ergonomics adapting the job. More than millions of workers in private companies are injured and become ill while on their work place. Some high rates are found in primarily and fabricated metals, suffering relatively high rates of injury. Teenagers are twice as likely hurt on the job as adults. Young workers have no experience, less training and are more reluctant to challenge their boss over the dangerous risks (Rogers, 234). Efforts by business and government improve the condition of the workers in factories. Special problem of smoking in the work place, safety and health threat to smokers and non smokers in the work place, employers do not have to fire the worker because of gender, race, religion, disability and age. Equal employment and other law prevent such as discriminatory termination. They are not supposed to be fired because of the violation of public policy. If a company fires such, this would be illegal (Sandra, 124). Short term refers to excessive focus of cooperate leaders, investors and analysts. It cuts across an enterprise and result to development of research. Excessive short term focuses on combined with insufficient regard of long term strategy to balance the value of destructive ways of market participation. They are often used in accounting driven metrics. Global, long term investors may be an ally of the world to all policy makers in returning their public finances. In order to achieve the objective it requires strong policy of investment, vision with the long term may aim to build a common value and ethical standard in terms of civilization, which entails science, social welfare, education and environment. Ethical norms are vital in maintaining stability and harmony, ethical dilemmas and ethical violation in finance can attribute to an inconsistency frame work of modern economic theory and use of principal agent in a financial transaction. Personnel are the fallacy ethics values in business people need to improve health conditions and maintain a positive relationship within the organization. Work cited Sandra, Kay Miller. 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