Ethical and Moral Issues in Business
Ethical and Moral Issues in Business MGT/216 Dorica Irvin 27 June 2011 Margaret Frise In the business world, both ethics and morals are a requirement in the corporate world. Employees are face with moral and ethical issues each day people behave differently because they have their own special set of morals. This essay will discuss the differences between ethical and moral issues, the differences between personal and business ethics as well as provide examples of common ethical problems in business for each of the abovementioned ethics.
An ethical issue when there is a conflict. In addition, a person’s personal ethics deals with he or she personally believes to be right or wrong. For example, a co-worker possing a fair with another co-worker, which against the company’s code of ethics and the spouse raises the question of his or her fidelity. The person believes there is no wrong with fidelity. At times ethical and moral clashes because everyone has different morals, obligations, and views are often ethical issues in the workplace or home. A moral issue is difference between right and wrong.
For example, a co-worker has committed a crime by stealing food out of the freezer. The moral issues, do you report to your supervisor or not? In the business world, some co-workers will ignore the situation because not all situations are not easy resolve. As employees, there are guidelines and standards expected to follow if he or she decides to stay employed. Personal and business ethics are differing. Personal ethics depends highly on personal beliefs and loyalties. Personal ethics can also change depending on major events in someone’s lives (Mitchell, 2011).
An example of major events is death in the family, marriage, and the economy. Another definition for “personal ethics” is an individual’s code of behavior toward the people around him or her and the efforts he or she makes to be the best person he or she can be in his or her private life (Mitchell, 2011). For example, a co-worker might have a specific ideal about how much it is acceptable to drink and how drinking may affect his or her personal ethics if he or she receives a DUI (drinking under the influence).
However, DUI are increasing in the US Navy the military are discharging Sailor. Ethics and morals are a requirement in the corporate world. A company can only be successful as the people make it successful in a moral concept. For instance, in a business ethics an employee cannot use his or her personal feelings in decision making on a business decision. Business ethics is different from personal ethics, which an employee will ethically responsible to obey the code of ethics. Inclusion, ethical and moral issues is apart of our personal lives and business.
The choices an employee makes if its good or bad he or she will be responsible for the consequences. Companies ensure that all their co-workers adhere to the code of ethics. It is important for employees in the business ethics to have morals in defining issues and obligate to be honest with its customers. References Mitchell, Stephanie. (2011, May 02). Differences and Similarities in Personal and Professional Ethics. Retrieved from http://www. ehow. com/info_8341694_differnce-similarities- Personal-professional-ethics. html.