The products of this field of research are sets of rules and codes of conducts, which serve as a means of protection from the possible infringements of moral codes as a result from the general activities and responsibilities of a firm to its stakeholders e. Finally, it will describe several contemporary issues of research and practice.
Argumentative Essay on Business Ethics Business Ethics Introduction Narration Frank works in a team that qualifies the sales opportunities in a tech company based in the Silicon Valley.
In his adjustment to his new position, he has been facing challenges in balancing his own sense of moralityagainst the pressure toachievingmonthlytargets. Quality or Quantity-When Incentives do not Match Values In performing his duty, an individual must be able to weigh between compromising their values in order to get a hefty paycheck against the decision to uphold their values and principles while risking failure to meet targets.
In such cases, the employee may face Business ethics essay conclusion big dilemma of whether to prioritize quality at the expense of quantity, or place quantity ahead of quality.
Evidently, even though though it erodes moral obligation, the quantity mayprovide more rewards in the form of financial gain, or even recognition from superiors and in the long run one may get promoted. On the other hand, quality work may not result in the production of the enormous numbers that a worker like Frank may require to meet targets and earn hefty commissions and in order for an individual in his position to overcome this dilemma, they must weigh their need for monetary gain against their moral values.
Frank, must therefore follow the moral compass and place quality before quantity Paul This will help him to retain the little market segment that he commands, and he will thus be able to work based on referrals for a long time.
Nevertheless, an individual who chooses to prioritize quantity at the expense of quality can easily lose the confidence of his current clients because they will provide low quality services in a bid to sell more. With time, clients of such an individual realize this and by and large they cease from using their services.
Therefore, Frank, who opts to placequality first before quantity will eventually reap the benefits of his morality Smock This can be further expounded by the definition of an economic system which is the pattern of processes, relationships, regulations and institutions that facilitate the economic activities such as production, distribution and consumption within diverse cultures and societies.
Value lies in the heart of the above activities. Within a society, economic activity is very important because the allocations of resources in the community affect and define the characteristics of thesociety.
The economic choices made by the particular community can easily define its society and ultimately affect their future and what its people become Oxford Declaration 2; Lutheran Church 1.
Any economic system, must essentially consider the political and moral fibers that govern its existence and operations. To this effect, the system must question several things in order to come up with unique operational and directional guidelines that can rule the system.
What should we produce? Who should we sell to? In addition, factors that affectenvironmental protection, sexism, child exploitation, racism, anti-Semitism and ageism must also be brought into the picture Lutheran Church 2. All these factors that must be taken into consideration make the society morally obliged to choose the direction to follow, regardless of the continual changes in technological and social cultural changes that continue to face the economic system currently.
In the current society where change is constant, such considerations occur in the midst of graphic evidence of exploitation and progress. Further to the support of the essence of quality as opposed to quantity, it is also necessary to discuss work and leisure.
Work is about all the activities that are conducted with the object of satisfying human needs, and is composed of the very purpose for which God created human beings. Therefore, with their toil and work, human beings glorify God each day. When God created Adam and placed him in the Garden of Eden, he instructed him to till it and maintain it well.
Yet this does not place work as superior to every other aspect of life. Work enables Christians to utilize the gifts and talents that God has given them, and they should thus work with the sole aim of serving God and humanity Paul Their duties include preservation of creation and also undertaking eschatological transformation of the world which can be mainly done by shaping personalities of the citizens of the kingdom of God.
From this perspective, the quality of work is deemed to be more important as compared to the quantity because the main purpose of human beings is about serving, since they are created in the image of God.
Despite this, their source of meaning and identity does not lie in work, and hence work is not exclusive as compared to the goal of becoming children of God by one Spirit through faith in Jesus Christ.
No matter how much work an individual does, the most important thing is whether or not they perform the tasks within the teachings and requirements of God Smock As mentioned before, if Frank and his colleague follow their the moral compasses and prioritize quality before quantity, they will ultimately gain so much in future.
Their gains will be in the form of retaining their clients and the market segment they control, acquiring an additional market segment, hence generating higher sales that can help them meet their target, hence enabling them to improve their work and receive hefty bonuses for their exemplary work.
Additionally, they can easily get recognized and be promoted by their companies hence building their careers in future.Home Essays Essay on Business Ethics. Essay on Business Ethics. Topics: Ethics The Approach to Business Ethics 7 7.
Conclusion 8 8. References 9 1. Executive Summary There are many factors to consider when a company does business with another. Many global businesses give very little regard to one of the most important . this research paper discusses Business Ethics.
We can help you in the same assignments. Ethics can guide a person and help them to choose between right and wrong within a business setting, regardless of the effects.
How to write a Rhetorical Analysis Essay Conclusion. December 1, How to Write a Conclusion for a . Conclusion Business Ethics A business is a collection of different proprietorships. Ethics is issues of right, wrong, fairness, and justice. Therefore, business ethics places it focus on ethical issues that arise in the commercial world%(3).
The 10 Benefits of Business Ethics. The Impact of Business Ethics on Nestlé. Nestlé's view on Business Ethics. The Implications of Business Ethics on Stakeholders. 5. Conclusion. Introduction. Every business has the power through their ability to spend vast amounts of money.
They have /5(41). CONCLUSION Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which of a civilized society is build.
A business or society that lacks ethical principles is bound to fail sooner or later. Chapter 8: ETHICS. CONCLUSION. People need some sort of a moral guide through life.
Many may think that they can get by without one but chances are that they are egoists and do have a principle which is guiding them.