Discuss why business ethics is concerned with issues of ''right'' and Essay

Discuss why business ethics is concerned with issues of ''right'' and ''wrong'' behavior in business context - Essay Example Further, a company with a bad reputation because of unethical practices tends to have difficulty when recruiting or maintaining its workforce. In many cases, job seekers prefer to work for institutions that uphold business ethics while giving them the opportunity to expand themselves within the organization (Miller & Jentz 2008:49). The result of this is that the effect of business ethics spills over to a company’s consumers because they experience satisfying services because of the unity that exists within a company. Potential employees also get attracted to companies with good reputation, not to mention buyers as well. Good ethics will improve the society. If no one dies or gets hurt at work, there is no exploitation, and no one is complaining, then that means the society is moving forward. Good ethics at work places creates a favorable working environment that means there is teamwork and coordination that leads to more productivity and higher profits. According to research, fair and sincere ethics like correction and motivation at the workplace contributes to employee growth and organizational commitment by employees as this instills values and treatment with respect (Parboteeah & Cullen, 2013:57). Additionally, corporate ethics also prevents criminal acts as it aids in detecting and reporting cases of theft and unethical conduct to the respective authorities. A company that observes the required business ethics operates within a sense of pride as its work force extends its reputation beyond the workplace, which influences a stronger public image. Scholars have established that the relationship that exists between ethics and good financial performance tends to attract positive result that may include prosperity for the company (Sims, 2003: 240). In many cases, the business ethics tends to influence corporate social responsibility and guided leadership. In this regard, this essay will delve in to the four alternative views of ethical behavior in busine ss enterprises and explain on its link with the definitions of corporate social responsibility using examples. As per the existing definitions, ethics defines the set moral code of principles that denote good or the opposite bad, right or the opposite wrong in an individual’s conduct. Essentially, an individual’s moral principles draws influence from family, culture, friends, learning institutions, religions, and personal experiences. Ethics and the moral code yield ethical behavior, which is relatively the acceptable ‘good’ and ‘right’ instead of the ‘bad’ or ‘wrong’ within the context of regulating moral code. In many cases, society and individuals tend to view anything practiced within legal parameters to be ethical, but this may not necessarily be the case (Schermerhorn 2011). A better-placed example of this would be the way in which women could not participate as voters in any democratic process because it was la w. On the contrary, a practice may not be illegal, but this does not warrant it ethical as adhering to the law may not be entirely ethical (Lussier 2012: 69). In relation to a business setting, there is no justification when an employee skips work in the guise that they are sick with their intention