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The Importance Of Personal Ethics

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It is within human nature to act on impulse and self-regard, regardless of personal ethics. The everyday person makes decisions to benefit themselves, thinking of their ethical standpoint only when faced with an ethical dilemma. These ethical dilemmas require the person to choose where they stand when it comes to their moral compass: do good for society or for themselves. When making these decisions, their subconscious still looks to what could enhance their situation, but those with strong moral compasses focus on the right thing to do. By law, corporations can be seen as an artificial person. Regarding the previous statement, corporations should uphold ethical standards, but does not mean they will. When you watch someone drop money on the ground without realizing, do you give them their money back or do you pocket it? The ethical decision is to give them their dropped money back, although most people choose to keep the money. Personal ethics can be described as “a set of beliefs about right and wrong, fair and unfair, and good and bad,” (Jackson, 3013). Many factors contribute to someone’s personal ethics, such as how they …show more content…

Unfortunately, the desire for more money often temps people to make unethical decisions without regard of the right action to take. Those leading the business, CEOs, CFOs, and other executives, must make ethical decisions and ignore the voice in their heads telling them to cheat the system. Business ethics are not too different than personal ethics, just the application of personal ethics in the business is required (Jackson, 2013). After the Enron scandal, more companies have taken steps to become ethical. “The business world has formally recognized the importance of ethics and law, and a majority of Fortune 500 companies now boast ‘ethics officers,’” (Donaldson, 2003). To appear more ethical, “ethics officers” promote the code of ethics throughout the

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