Ethical Values

Ethical values exist in people at a deeper psychological level than work attitudes such as job satisfaction, job involvement and organizational commitment because they are a foundational adapt of human nature. In our lives and work we use values as ‘mental measuring sticks’ to evaluate and judge our own behavior and the behavior of others. Researchers and scholars have concluded that values are enduring beliefs that a specific mode of conduct or end state of existence is personally or socially preferable to an opposite or converse mode of conduct or end state of existence( Rokeach, 1975). In sum, values help us judge right from wrong, good from bad, moral from immoral and so on.
As we grow up, we move through three stages of moral development.

In light of Ponzi schemes and company scandals, the business industry has developed a reputation for its lack of ethics. In an industry where getting ahead and making money appear to take precedence over ethical decision making, it can seem difficult to understand the importance of ethical behavior in business. A lack of ethics leads to a wealth of problems for a business.

Legal Issues
In the United States, federal and state governments establish rules and procedures for how a business should be run. Businesses that fail to follow federal and state guidelines often face large fines and other penalties. Larger companies sometimes decide that breaking laws and paying the fines involves lower costs than the financial gain made from breaking those laws. However, consistently breaking laws can lead to costly legal battles that outweigh the initial gain. Additionally, executives at companies who break laws and engage in unethical behavior that leads to harmful practices for employees and customers could find themselves facing criminal

In some cases, employees are so concerned with getting ahead and making money that they ignore procedures and protocol. This can lead to additional paperwork and careless errors that result in the task having to be completed again. Additionally, employees who feel acting ethically and following the rules will not get them ahead in the business sometimes feel a lack of motivation, which often leads to a decrease in performance.
Employee Relations
At the point when a manager or leader in an organization displays an absence of moral conduct, he faces losing the respect of his co-workers and his employees . It is hard to have a successful business without very much respected managers and leaders. An absence of moral behavior can likewise cause pressure among workers, with a few employees detesting the individuals who don't play by the principles and still figure out how to excel. unethical behavior in the work environment additionally can possibly prompt an absence of trust among employees, which is detrimental to a business that depends on collaboration and a sense of community.
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