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Honesty: The Role Of Ethics In Business

1414 Words6 Pages

THE PURPOSE OF THE ESSAY IS TO CRITICALLY DISCUSS ABOUT THE STATEMENT “Managers must understand their own ethical standards thoroughly if they wish to be effective in their careers”
Good ethics is good business.’ ‘Honesty is the best policy.’ ‘Cheaters never prosper.’
These proverbs lead to the most ‘easy-to-sell’ rationale for integrity in business: ‘It is always in our self-interest to be ethical.’
The problem is that if good ethics were always good business, only stupid people would be unethical. And if we examined the ethics of the most successful executives or top 100 companies, we would only find stellar examples of business morality.
Our commitment to ethics cannot …show more content…

Therefore a highly religious person generally acts in highly ethical ways. Whereas for those who religious beliefs are not that high may act in ethically questionable ways.

• LIFE EXPERIENCES:-A life changing event directly shapes personal ethics.

• DISCUSSIONS WITH OTHERS:- Almost daily, quite casually all of us talk about others' and our own actions—offering frequent opinions about whether what they or we have been doing is good, right, and sensible . Buried in this small talk, gossip are implicit and sometimes very explicit ethical judgments about the behavior being discussed . Over time, these discussions lead each of us to a sense of what the people around us consider to be good and bad, ethical and unethical, conduct. • ETHICAL DILEMMAS:- Dilemmas are real or imagined situations that pit two or more ethical principles, rules, or objectives against one another. To resolve the dilemma, one has to decide which of these ethically desirable ends is the more important or, alternatively, if there is a way to achieve all of these ends without committing some other ethical wrong.

FACTORS INFLUENCING ETHICAL BEHAVIOUR
• HUMAN RESOURCES
• PRODUCT INTEGRITY
• COMPETITIVE …show more content…

CONCLUSION
Why should manager be ethical? The question is central to our life philosophy. I believe the importance of what we do goes well beyond what it gets us, it determines what we are. And what I am is infinitely more important that what I have.
Crucial question is not whether an act is permissible, but is it proper? Not whether it is legal, but is it right?
People of character know the difference between what they have right to do and what's right to do; they often do more than what's required and less than what's allowed.
The courage to speak on ethical issues , and to take an ethical position becomes a greater imperative every day. With manifested commitment and a sense of ethics that works full time, ethical standards must be exemplified and shaped by the

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