Ethics is considered as the science of conduct or the state of the art. What becomes an ethical principle today is considered as law or regulation. For a business venture, ethics entail learning what is right or wrong and eventually doing what is right. However, that which is right is not clearly as straightforward as conveyed in a great deal of the business policy. This brings about questions on what should and what should not be done in an ethical predicament. Consequently, organization ethics can be a strong preservative medicine.
For a business venture, there is need to outline the expectation that each employee should portray when it comes to decision making in the employees handbook. A report from the ethnic resource center found that ethics culture are eroding, and employees’ perceptions of their leader's ethics are slipping. Employees are experiencing increased retaliation against whistleblowers as more pressure to break a rule (Capizzi and Carluccio, 2016). A lack of ethics from an organization can lead to low creditability from the public. This comes about when the business fails to observe the ethical behavior, where there only consideration is getting ahead to make money.
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In many countries, the state government has established rules on how a business should be run. Failure to this they often face large penalties for breaking the laws which lead to a costly legal battle. However, the business can recover from its lack of ethics, but it will take a lot of time and money to regain its previous image. Ethics is based on equality which means that ethical behavior consists of making sure that everyone is treated equally. In an organization acts of sexual harassment should be dealt with according. This can be done by initiating regulation prohibiting sexual harassment and publicizing grievance procedures to subjects of sexual harassment. Sexual harassment is unacceptable, unprofessional conduct that demoralizes the atmosphere of the workplace (Capizzi and Carluccio, 2016).
Sallie L. Krawcheck is one of the reputable C.E.O and founder of Elle est and a digital advisor to women. She is reputable for research analyst and an entrepreneur who turns around the growing trouble of wealth management by eliminating street conflicts of interest. She advocates for a true client-centered business model. Furthermore, she has empowered women by encouraging partnership while working which include mentoring one another to come to the best decision. Her stated goal is to close the gender investing gap in the United States by in support for women.
Oscarware is a satellite dish manufacturing company that is located in Kentucky. Debra Dudley and her late husband are the founders of the Oscarware. The company manufactures 17 different products, including disposable outdoor toppers and many others. The Company is a new initiative that acknowledges high performing second stage business that is changing the economic landscape. The company increases its sale by boosting employment and serving the communities. In addition, the company received a Pacesetter Award in 2008 for sustainable growth (Shapiro and Stefkovich, 2016).
From the above samples, it’s clear that for a business to be successful there are ethical behaviors that should be implied. Good leadership is also a key factor for the growth of the organization as portrayed by Sallie Krawchecker. The unethical behavior appears because of poor planning in the organization. This happens when no policies are made in the business venture to guard the behaviors of the employees as well as the management at large (Shapiro and Stefkovich, 2016). Organization should also establish ways in which they can help the community by improving their lives this by creating employment. Instilling ethics in the organization would cost less than the cost you will have to pay to restore the lost image of the organization due to the unethical behavior. In conclusion, an organization should foster system that teaches and maintain ethical conduct which will ultimately improve consumer care and protection.
References
Capizzi, V., & Carluccio, E. M. (2016). Competitive Frontiers in Equity Crowdfunding: The Role of Venture Capitalists and Business Angels in the Early-Stage Financing Industry. In Crowdfunding for SMEs (pp. 117-157). Palgrave Macmillan UK.
Shapiro, J. P., & Stefkovich, J. A. (2016). Ethical leadership and decision making in education: Applying theoretical perspectives to complex dilemmas . Routledge.
