Stock Valuation at Ragan Engines

Contents

INTRODUCTION 2

HOW ETHICS INFLUENCE WORKPLACE? 3

Employee Commitment 4

Integrity 6

Honesty 8

Leadership 10

Trust 11

Confidentiality 12

CONCLUSION 13

Bibliography 15

INTRODUCTION

Ethics in the workplace are vital, even to small business owners. The ability to identify and deal with complex business ethics issues has become a priority nowadays. Business ethics is not just an isolated personal issue; policies and informal communication for responsible conduct are embedded in a company’s operations (John Fraedrich, 2013). None of the company wants to be known as unethical, and employees are more apt to display higher morale and more productivity when they know they are working for a morally sound company. This means that ethical or unethical conduct is the province of everyone who works in a company environment.

Workplace ethics and behaviors are a necessary part of employment. Both things are the aspects that can lead a company towards their successful achievement. In fact, ethical behavior requires understanding and identifying real-life issues, areas of risk, and approaches to making choices in a company environment (John Fraedrich, 2013). Ethics should not be confused with manners, etiquette or aesthetics. Ethics generally do not cover issues of dress or politeness, nor should it address rhetoric, self-presentation or style. A code of ethics is about moral principles and ideals of behavior. Ethics promote equity and justice, respect for people, and personal and professional responsibility.

Workplaces act as "nations" of their own, and often develop their own mini-cultures, a subject of many management philosophies (Lacoma, 2010). This workplace culture governs management; how employees think of themselves and the tasks they are given. It also controls what is permissible in the workplace (regardless of company rules) and how the business looks at its customers and outsiders. By controlling this culture, a business can control morale, attitudes...