Business Ethics Business Values And Ethics Essay

NAME: MWANGI NJUNU, EPHRAIM MORAGE ID No. 638780 CLASS: BUS 4070, D BUSINESS VALUES AND ETHICS LECTURER: Prof. KIRUBI MICHAEL TASK: TERM PAPER Table of Contents 1.0 Introduction 1 2.0 The Profit Motive 2 3.0 Investor Confidence 3 4.0 Employee Confidence and Motivation 4 4.1 The Employees 4 4.2 The Role of a leader 6 5.0 Customers 7 6.0 Views from the Public 9 7.0 Conclusion 10 References 11 1.0 Introduction Is ethics important or relevant in business decisions in today’s world? Should corporations designed to make profit take ethical considerations in decision making? The answer is yes, now more than ever. Business ethics is very important for any business. In a ‘shrinking’ world caused by the internet, good public relations and public perceptions are now important globally. However, ethical decisions are not simply tools to be used for public relations, but have greater effects even within the organization. Ethics contributes to profits, but in different way than the traditional teleological path where the ends justify the means. We begin by defining ethics in business. Ethics are â€Å"generally accepted rules of conduct that govern society† and are â€Å"unwritten rules we have developed for our interactions with each other† (Jennings, 2009). They generally deal with issues of what is right and wrong. For instance, if someone cuts you in a line, this would constitute an ethical wrong (unethical) which would draw many negative stares and rebukesShow MoreRelatedEthics and Values in Business Sustainability789 Words   |  3 PagesQuestion 1 Rough Draft Ethics and values can be described as very important to business sustainability. There are ethics which are individual moral principles that govern or influence a person’s behaviour and there are business ethics which are written or unwritten codes of principles or values that govern decisions and actions within an organisation. Values are the context within which an organisation or a society’s norms are established and justified. All these aspects are important to the sustainabilityRead MoreThe Importance of Ethics and Values in Business Sustainability1326 Words   |  6 PagesBusiness Management Research Assignment (chapter 5 11) Q1: The importance of ethics and values in business sustainability: Ethics has to do with an individual’s judgment and their morals. Their ethics help us determine right from wrong. â€Å"Values are attitudes towards things like truths, justice, honesty etc.†( Nieuwenhuizen, Oosthuizen Drotskie 2012:95) Ethics and values are important within a business organisation because they influence morals and decisions within an organisation and need toRead MoreThe Importance of Ethics and Values in Business Organizations1954 Words   |  8 PagesSection A Question one: Explain the importance of ethics and values in business sustainability? Introduction: Ethics is concerned with what is good for individuals and the society according to (BBC ethics 2014). Ethics in general builds a person’s character which is portrayed by his/her behaviour. Business ethics can be defined as a way of which people and institutions should behave in the world of commerce. Most businesses are profit driven and by examining constraints or profit for self-interestRead MoreThe Importance of Ethics and Values in Business Sustainability1050 Words   |  4 PagesTHE IMPORTANCE OF ETHICS AND VALUES IN BUSINESS SUSTAINABILITY What are Ethics and Values? Ethics are the principles that regulate the conduct of an activity and values are the judgement of what is important in life. Businesses are often tempted to make short‑term gains by turning a blind eye to what’s right. Despite codes of conduct, regulatory omission and ever‑increasing public pressure, many firms routinely ignore ethical considerations. Some even claim that a business simply needs to abide byRead MoreEssay on Ethics, Values and Leadership in Business 2149 Words   |  9 Pagesimportance of ethics and values in business sustainability. Question 2: How important is leadership in the success of business organizations. CONTENTS Cover Page†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..1 Contents Page†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Ethical Values and Business Sustainability†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Importance Of Leadership In The Business Organisation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Ethics And Values In Business SustainabilityRead MoreBusiness Values And Ethics Differ With Every Company Essay953 Words   |  4 PagesBusiness values and ethics differ with every company. They are formed by the behaviors and good ethics that is required in a professional environment. Values. Company values are used to guide and inspire individuals within a business in order to help them make appropriate decisions that align with company’s principles and policies and business practices within its industry. Strategic management is important to understand the position of the organization. It allows the company to accomplish goalsRead MoreAffect of Cultural Values And Personal Ethics in Business Decisions1221 Words   |  5 PagesPersonal, organizational, and cultural values can create a difficult problem when trying to make a business decision that includes all the previously stated. Personal values are what each individual holds dear to them living the types of lives that he or she like and would like to lead. Organizational values are what are best for the company to maintain a good public image and employee guidance. Cultural are set on traditions handed down from generation to generation to preserve a way of livingRead MoreThe Challenges Of Values And Ethics Based Business Decision Making852 Words   |  4 PagesThe challenges of values and ethics based business decision-making in the current global market place is creating a positive corporate culture that requires a strong conviction by its members by offering corporate values and ethics which are essential in running an effective business (Henle, 2006, p. 347). Additionally, due to the differences in cultural ethics globally organization ethical standards can be transferred universally when they are deemed as trustworthy, credible, economical, and reliableRead More1.1 Explain the importance of ethics and values in business sustainability To understand the1600 Words   |  7 Pages1.1 Explain the importance of ethics and values in business sustainability To understand the importance of ethics and values in business sustainability we have to understand the meaning of both ethics and values within a business. Ethics are defined as principles in which are moral that help guide business on how to act ‘ethically’ as well as an individual’s actions and behaviour to do tasks, assignments and work within a business organisation with integrity, determination and the drive to achieveRead MoreDoes Diversity Promote Cultural Values Impact Business Ethics?3633 Words   |  15 Pageshead: INTERNATIONAL BUSINESS: DOES DIVERSITY IN CULTURAL VALUES IMPACT BUSINESS ETHICS? 1 INTERNATIONAL BUSINESS: DOES DIVERSITY IN CULTURAL VALUES IMPACT BUSINESS ETHICS? 16 + International Business: Does diversity in cultural values impact business ethics? Esteban Ayala, Roland Ledesma, Chris Linehan, Peggy Smith, and Jennifer Weidemier University of the Incarnate Word ABSTRACT The purpose of this paper is to define common nomenclatures for international business (definitions), identify