Ethical and Moral Decisions in Business Essay - 1562 Words

Ethical and Moral Decisions in Business Ethics alone tend to be defined as a moral code of conduct that is perceived to be the right thing to do. An ethical decision means doing what is right, as apposed to assessing the most profitable course of action. In the past, free market ideology was that corporations were kept responsible to customers, shareholders, workers and society by customer and investor behavior, seen in share price. Millions of individual â€Å"voters† in the market place ensured they behaved. â€Å"Bad† corporations were punished by selling. â€Å"Good† corporations were rewarded by buying. â€Å"Market forces will sort it all out†. This ideology weakened the idea of business ethics and†¦show more content†¦Critics of ethical codes believe them purely to be public relations exercises rather than genuine attempts to change behaviour. It is argued that most businesses produce an ethical code to project a good public image whilst their underlying business culture remains unchanged. Business leaders increasingly recognise the direct relationship between fulfilling a company’s ethical responsibilities and corporate survival. An effective business practices program ensures:  · A Marketplace Advantage: Customers and investors cite corporate practices and values as primary considerations in their decision-making.  · Superior Employee Performance: Companies with sound business practices and established values report improved employee morale, reduced employee turnover and increased productivity.  · Reputation Management: Once damaged by scandal or unethical behavior, a company’s reputation may never recover - resulting in lost revenue, low employee morale and increased governmental and public scrutiny. Emphasising responsible business conduct is the surest means of preserving a company’s intangible assets.  · Powerful Legal and Financial Incentives: International regulatory developments provide strong legal and financial incentives to corporations that establish standards of conduct and provide ethics education and training to employees. IfShow MoreRelatedEthical Decision Making : Business Ethics And Social Responsibility1295 Words   |  6 Pages Ethical Decision-Making De’Ambre Zanders OMM640: Business Ethics and Social Responsibility (MOH1616A) Instructor: Dr. Maja Zelihic May 1, 2016 Abstract In any type of business, ethical decision-making is usually at the forefront of company operations. It shapes the foundation of a company and gives employees a moral compass as to what is expected of them ethically. Ethical-decision making prevents individuals from profiting from their own personal methods, while representingRead MoreEthical Analysis : Ethics And Ethics909 Words   |  4 PagesConsumers today want to do business with reputable companies that are led and managed by ethical decision makers. Ethical decision makers look to partner with other companies that share similar morals and values. In other words, the public and other companies want to associate with an organization that will make ethical judgements. Ethical decisions are not always obvious nor are they based on what is right or wrong or what is good or bad (Gonzalez-Padron, 2015). They are choices made by managersRead MoreEssay Ethics and Moral Philosophies1563 Words   |  7 PagesEthical and Moral Philos ophies Ashford University May 20, 2013 Introduction The inner works of a successful business is based on the values and beliefs of its owner. In comparison to a family, the owner may be considered the matriarch and employees considered sons and daughters. Based on that assumption, the responsibility for success and prosperity lie solely on the leader. Family success is based on the philosophy of values and morals of its matriarch that are passed down to the childrenRead MoreEssay on Business Ethics1066 Words   |  5 PagesBusiness Ethics The statement has been made that ethics has no place in business and the implications of this statement and its inferring characteristics provide a complex issue in the operation of national and multinational corporations. Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently brings about unethical behavior. In order to considerRead MoreThe Ethics Of Business Ethics Essay1097 Words   |  5 Pagescrucial in business. There are three key ideas used to understand this. Firstly, making ethically wrong decisions tend to cause more upset than other general mistakes as purposeful unethical actions are not as easily forgiven or forgotten. Secondly, ethics provides businesses with a broader understanding of everything to do with their business. Business ethics is effectively just business it its larger human context. Thirdly, being unethical can tarnish the public image of a business which can leadRead MoreThe Ethics Of Business Ethics1064 Words   |  5 Pages　　　　Business Ethics Ethics can be viewed as the rules and values that determine goals and actions people should follow when dealing with other human beings. However, business ethics can be defined as moral principles of a business. It examines moral or ethical problems that arise in a business environment. Generally, it has both normative and descriptive dimensions. Organization practice and career specialization are regarded as normative whereas academics attempting to understand business behaviourRead MoreEthics in the Workplace1201 Words   |  5 PagesClassical and Contemporary Ethical Philosophies Ethical philosophies served as guide for people in the workplace to make moral decisions in conducting business. There are classical normative ethical philosophies as well as contemporary ethical philosophies being used. They have been applied in the different levels or dimensions of the business organizations. People do know that there are business organizations that have disregarded ethical standards and encounters ethical issues inside their companyRead MoreA Handbook to Simplify Ethical and Moral Leadership Essay examples1176 Words   |  5 Pagesguide and enhance the successful outcomes of a business. Leadership behavior is not only based on knowledge and expertise, it is an expectation that leaders understand the vision and core values that guide moral and ethical leadership at all times. Although morals and ethics are synonymous for the most part, the terms are distinguishable. Simply put, ethics is determinant of acceptable guidelines for behavior of a group or organization while morals exude individual beliefs of right and wrong derivedRead MoreThe Ethical Responsibilities Of Business Ethics Essay1737 Words   |  7 PagesBusiness ethics is a board interaction between individuals, organizations and countries based on the social and legal requirements. Moreover, ethics of bus iness is more complex and complicated than business, in addition it emphasis the ethical responsibilities of business (Shaw, 2013, p.3). Business ethics is about how the people conduct the business and make ethical business decisions. In the case, the situation that Jean involved in is Wright expects Jean to use closing techniques to deceive herRead MoreThe Role of Ethics and Law in Creating and Maintaining Efficient Markets 1856 Words   |  7 Pagessocial issues, there is a proficient need to educate future business leaders on actually how to run a business in a manner that contributes towards modern day concepts of sustainability and protection of natural resources around the world. The global business leaders of tomorrow will need to be flexible and able to incorporate all aspects of good decision-making in an increasingly complex global business environment. (Berenbeim 2005) Ethical leadership has become vital to the future of American businesses

College Student Stress Coping Free Essays

College students facing academic, social, and other stresses such as finances and how to cope with them. The most common stress most college students face is the stress from the work load that is common in a higher education system. This is the major challenge, and you will be facing without the close guidance you may have previously enjoyed from a teacher or parent; Social stress seems to be more prominent with underclassmen leaving home and there support structure from home but can affect any college student. We will write a custom essay sample on College Student Stress Coping or any similar topic only for you Order Now Most students find that the number one cause of stress for them is financially trying to juggle a full load, and work full time to support yourself and for other students pay for school. Academic stress seems to be what cause the biggest problem for most students. There are some things you can do if you would like to lower your stress level and make student life better. First thing you should do is get the right information from the very beginning. How many lectures, seminars or laboratory sessions are you supposed to be attending? With your assignments make sure you know exactly what you are being asked to do? How many words you’re expected to write and what the deadline is for handing it in. Also try to set up your own space for academic’s to make it easier to focus and concentrate, if you have a noisy roommate try to find a place in the library or even a local coffee shop to frequent. These suggestions will help lower your academics stress which will make life easier for the college student. Social stress for college students is something else that is very common especially in new college students. Most social stress comes from trying to fit it or even trying to create a new social network because in most case’s this is the first time away from home and away from your entire support structure and comfort zone. With social stress one of the most important things to remember is to try and stay involved in different activities at school and get involved with different organizations on campus to meet new people. When getting involved with the organization’s on campus you’ll meet new friends and become more socially outgoing which will help greatly with social stress. Reducing the amount of social stress in college students, will lead to a more enjoyable and positive experience. Financial stress tends to be tohe root of most students problems whether it’s from overspending, lack of proper guidance, peer pressure, inexperience or many other factors. As a result just about everyone is bogged down with large debts increasing day by day. As students many have tried different things to cut down expense but still no luck. There are many ways to help lift the financial stress for college students like taking federal or private loans, grants and scholarships, and working during the summer vacation. By taking federal or private loans you get to choose the best one that is suitable for your need, if you decide to go for a private one then do enough research to make sure you’re not at a loss and end up paying more instead of benefitting from it. Grants and scholarships are another great ideas because these will help lift the burden of some financial stress. When applying for grants and scholarships keep in mind these are offered free by federal organizations for the benefit of students. Make sure to take advantage of the situation but you have to prove worthy for these aids. Getting summer jobs will also help lift some of that financial stress because you can do it in your off time and not stress with studying or school work but catch up and save some money! The best ways for college students to cope with the stress of being away from home, social stress, and financial stress. Academic stress seems to be one of the most common among students. Most college students find that the added freedom of being away from the structure at home and the more difficult classes to be extremely stressful. Just remember try and create your own space for studying with a desk and a quiet place, if you have a noisy roommate find a nice place in the library or a nice local coffee shop to visit. Social stress also seems to be a major problem with college students. Trying to fit in and make new friends after leaving there comfort zone and support structure can be difficult. When starting at college try and get involved in activities to get you out and have a good time. Another great thing to do is get into some organizations to help meet new people and even become more outgoing to make the college experience more fun and less stress. Financial stress seems to be the biggest burden for college students trying to survive on your own and worrying about how you will pay for chool. Remember federal and private loans are a great way to lift stress off you but just do your research and find the one that will work best for your needs. Grants and scholarships are the best thing for most students because they are offered for free from federal organizations but you must prove yourself for these aids Summer jobs are great for students who want to make a little extra cash on the side and lift the stress and worry of college off their mind. B y following some of these tips you are sure to reduce some stress in your everyday college life. How to cite College Student Stress Coping, Essay examples

Birthday Party free essay sample

Last year I celebrated my birthday exactly the way I wanted to. My parents had told me that I could ask them for anything on my birthday and I asked them to arrange a grand party for my friends. My mother is my best friend when it comes to inviting my friends home. She helped me to make invitation cards and to fill them up with names. She made a list of all the friends that I wanted to call and then made a card to send to each of my friends. The contents of each card were different so as to suit the taste of the particular friend to whom it was sent. Next she took me to the market and we bought ballons and streamers, masks and caps etc to decorate the house with. We ordered the cake and bought wrapping paper along with the return presents. As we reached home we sat down to work. We will write a custom essay sample on Birthday Party or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page We put up the streamers with tape and hung the ballons all over the walls and on the fans and doors and windows. We arranged the masks and caps in such a way that each friend of mine would pick one of his choices. My mother spent the whole day in the kitchen cooking for all my friends. The cake arrived in the evening and soon my friends started pouring in. My father arranged some games for them and he became the refree for all our games. He arranged musical chairs, passing the parcel, follow the leader, dumb charades etc and all the children enjoyed themselves. We had our tea after I cut the cake. The cake was a beautiful house with colourful icing and big chunks of chocolate I was drowned in gifts once my friends left and l went to bed with the satisfaction of having enjoyed the best birth day party of my life.