There is need to pay more attention to an analysis of unethical behavior in leadership and its relation to corporate culture. Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility. The behavior and the individual values of the leader provide the direction to the business. Leader’s actions in term of ethical behavior and unethical behavior gives ideas to the employee and other stakeholders that what need to follow and what values are aspired in an organization. The position of the leader with moral and ethical values is most important to provide the solutions to ethical issues in a workplace.
Basically, ethics are at their essence which is it is the moral judgments about what is right and what is wrong. Business ethics is focusing on examine the policies and conduct within the context of commercial enterprise in an organizational as well as in an individual level. In business, the ethics in business is an applied ethics where professionals and researchers use principles and theories to solve any ethical problems that exist in business. At the quarter of the 20th century, as technologies like internet have made world business or international business all more viable, the business ethics domestically have grown in importance along with the power and significance of major businesses. So that, international business ethics take center stage as a major concern of the modern era.
Businesses responsibilities Corporate responsibility refers to business’ obvious ethical responsibility towards honesty and integrity regarding business dealings. But corporate responsibility can be defined as businesses obligation to protect and promote the welfare of all stakeholders. in reference to “the king code”, which emphasises triple bottom line reporting, whereby the business is not only concerned about the internal stakeholders such as owners, shareholders and management but also the external stakeholders effected by business ‘operations. Corporate responsibility basically deals with socio-economic problems that government normally has to look into, so instead of waiting for government to enforce certain matters with legislation, it is better for business to take a more proactive stance help in improving society. Although it is important for business to make a profit and tend to its financial performance, it is also regarded as equally important to tend to the interests of the external shareholders.
What happens when products go wrong? Corporations have regulations and ethic codes that are written for management and employees to follow. Their Mission Statement is another guideline of the corporation reason for existence, its core purpose is to assist all to understand what the company’s values are and where they stand. Thus, employees understand what is expected of them in protecting the company and consumers. Now, with so much at stake John Healy, Vice President for production, needs to be positive that the product they manufacture was not contaminated.
It is essential for individuals and those representing an organization to understand what is an ethical dilemma. Wells Fargo financial corporation was involved in a dramatic ethical issue due to millions of unauthorized bank account openings. As explained in The PLUS Ethical Decision-Making Model, “many organizations battle to develop a simple set of guidelines that make it easier for individual employees, regardless of position or level, to be confident that his/her decisions meet all of the competing standards for effective and ethical decision-making” (n.d). The Wells Fargo scandal is evident prove that employees lacked ethical judgment and management supervision. The seven ethical decision-making steps foster straightforward thinking that
Topic: Ethics and Professionalism Date: 16 August 2016 Ethics refers to the moral values set mostly by society and by the business as a standard for correct behaviour and professionalism refers to the way the business managers and employees conduct themselves when in contact with stakeholders (people directly or indirectly affected by the business). The Code of Ethics and Code of Conduct describes the way the organisation operates and the appropriate behaviour that is expected in the workplace respectively; from not only employees but managers too. The Code of Conduct is vital for every business to move forward with integrity from its leaders in their character and performance.
This statement is supported by Bennett (2014) wherein ethics clearly defines what is the right and wrong things and shapes what kind of behavior the business should act on. For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad.
A leader is the one that has a great influence in beliefs, norms and attitudes of an organization. Or in another way, we can say that a leader is the person who impacts organization culture, set the example for others to follow. So, if the leader violate any ethical standards in business, the employees will somehow follow the leader actions. They might do what the leader do, like behave, make decisions unethically in business. 6.
Business ethics also referred to as corporate ethics can be considered as either a form of applied ethics or professional ethics. Its purpose is to analyse ethical principles and also moral as well as the ethical problems that might arise in a business environment. Business ethic is applicable to all parts of business conduct and also takes into consideration the conduct of individuals and the business organizations as a whole. Business ethics can be divided into normative and descriptive discipline. For the purpose of this assignment, the Nestle Company has been chosen.
Code of ethics Code of ethics says or states the principal and expectations governing the behavior of individuals and organizations in the conduct of internal audit. Code of ethics is started by setting out the values that underline the code and will specify the company’s obligation to its stakeholders and employees and other people connected to the company .The code is publicly made available and addressed to anyone with an interest in the company’s activity and the way it does business. It will specify details of how the company plans to implement its value and vision as well as guidance to staff on ethical standard and how to achieve them.