Business Ethics

Abstract

In the recent years many ethical problems have surfaced in the corporate world that have caused outrage within the American and international community. Business ethics is a difficult subject to understand and explain. I will attempt to give a clear understanding of business ethics and why it is important in a corporation to have an ethical decision making method process. The illustration of the implement these processes and how the successes of the methods are measured will also be discussed. Ethical decision are made on a daily basis and should be made with time and deep consideration.

Introduction

Ethical behavior is generally expected to be conducted within a business by its managers and employees. When business ethics is spoken by business people of it usually means one of three things (1) avoid breaking the criminal law in one’s work-related activity; (2) avoid action that may result in civil law suits against the company; (3) avoid actions that are bad for the company image (Erwin 2011). . Ethical issues in business will occur but can be solved and avoided in many cases that can help a company continue to be successful. Using an ethical decision making process will guide companies and its employees in the right direction to success and respect within the communities they serve.

Most people involved in business whether functioning as a small business owner, employee, or chief executive officer of a multination company eventually face ethical or moral dilemmas in the workplace. Such dilemmas are usually complex, for they force the person making the decision to weigh the benefits that various business decisions impart on individuals including him or herself and groups with the negative repercussion that those same decisions usually have on other individuals or groups.

What is Ethics?

Business ethics is a subject that can be difficult to define. Any discussion of business ethics is a subjective one, for...