Ethical business practices are critical to the success of any organization. By adhering to a set of moral principles, companies can create a positive image and build customer trust. Furthermore, business ethics provide a framework for making decisions that reflect the organization’s values.
When writing a paper on business ethics, recognize the moral implications of the different choices made or considered by a company. Many resources are available if you require help with this task. The business ethics essay examples in the EssayBizLab database can be your first source of information. In addition, many online articles and books on business ethics can provide valuable insights. Study the subject in-depth to ensure that your paper is well-informed and makes a convincing argument.
Business ethics is one field of study that has been questioned by many. Several practitioners do not find any importance of including this study within business realms. However, studies have pointed out that ethics is a very essential part of the business world. The Game Theory gives an appropriate vantage...
Through corporate ethics, a company can ensure that its program is effective. Employees are “more likely to contribute to firm performance because they inherently want to give their best for a company that cares about its people and its ethics.” Corporate ethics is a system of moral principles and norms...
Enron began to develop a code of ethics for its employees, which included a special dress code, rules of conduct in the team, and a set of beliefs and views of the authorities, which each employee had to follow. In practice, it was rather a code of aesthetics: the behavior...
The case of Texaco shows that many international companies violate social responsibility principles and try to achieve financial gain only. Of equal importance, though, is educating society to understand what is going on in the industry and what the industry is trying to do. Texaco has a moral obligation to...
Strictly speaking, no company should engage in unethical strategic behavior, if it values its reputation. However, notions of business ethics differ from one country to another. What is considered wrong in the West may be considered common practice in countries such as Russia and China. In most cases, it is...
Conflicts and ethical dilemmas are an integral part of any group of people because of the peculiarities of interaction between them. As for me, I was also involved in several ethical dilemmas at work. The central cause of their appearance was the lack of understanding and inability to consider the...
The field of business ethics involves several issues, situations and opportunities. These are instances where a business organization finds itself in a position where they have to make a decision by considering their own benefits or consider the ethical issues within this situation. In most cases, considering ethical issues would...
Observation of the code of ethics is a critical aspect of an organization’s functioning as it helps to remain popular among its clients. For this reason, the involvement of consumers in controlling ethical behaviors can be an advantageous strategy to increase the popularity of a brand. The plan to attain...
Summary In an organizational setup, leaders and employees are always faced with complex situations that require them to make a choice. During the decision-making-process, the agent is forced to pick between competing outcomes in which either of them will lead to violation of the work ethics. In such a condition,...
It would be a blanket accusation if say that all alcohol manufacturing companies fail in their ethical duty to be informative and be faithful in advertising. However, it would be an overstatement to say that alcohol companies satisfy this requirement. Because of the price wars that are evident in the...
Ethical climate characterizes the ethical and moral atmosphere that exists within the organization. There are five major types of ethical climate: caring, independent, law and order, rules, and instrumental. Massey Energy Corporation is characterized by a mixture of the last two types. Its environment cannot be called caring since the...
The importance of business ethics and its role in creating a rapport between employees and managers might seem as a self-explanatory issue that does not require additional introductions. However, with the current focus on increasing competitiveness, organizations may fail to pay due attention to the notion of business ethics. Therefore,...
It should be admitted that ethical framework of the company constitutes the biggest problem for the managers taking their problems with stakeholders and suppliers into consideration. Pertaining to company’s differences with suppliers, Wal-Mart is more concerned with reducing prices and maximizing the operational excellence thus shifting cost obligation onto suppliers....
The business field has been for a long time one of the most abused areas in terms of adherence to laws and regulations. Economists like Adam Smith argued that a free and competitive market will ultimately yield benefits for consumers and fellow businessmen. However, these ideas are not realistic since...
Introduction Wells Fargo & Company is a San Francisco-based community financial services company in California. In 2016, the company was ranked 27th on the Forbes Fortune 500 list of the largest companies in the U.S (Badenhausen, 2016). Wells Fargo workers were discovered to even have opened approximately two million counterfeit...
The manager of the international department of the McAllen Bank learns on the way to work that the ship on which a local exporter shipped some goods has sunk. The manager has received all the documents required in the letter of credit and is ready to pay the exporter for...
Introduction In finances, ethics is traditionally defined as a subset of general ethics that considers ethical dilemmas in the subfield of finance (Garcia-Ruiz & Edwards, 2011, p. 177). It should be noted, though, that financial ethics is split into two categories, i.e., “normative” and “positive,” the former embracing the principles...
Ethics and accountability are particularly essential for nonprofit organizations because they lie at the very core of what these organizations aspire to do. To provide context, a business enterprise is, first and foremost, about turning a profit, which means that ethical considerations are important but do not constitute its main...
The Advantages of Ethics Idol as an Ethics Training Communication Medium Over In-Person PowerPoint Training Cisco is promoting ethics in its company through an innovative strategy called Ethics Idol. They created animations based on a parody of the acclaimed TV show American Idol – a series of animations about ethical...
The reverse revolving door is the transition of top-tier staff from private organization employment to the government and vice-versa. It exists between the mentioned industries since most politicians and regulators become activists and advisers for the companies they regulated once. Some private-sector activists get appointments from the government related to...
Corporate alignment to ethics is ensured by models, which are the Triple Bottom Line, the Sarbanes-Oxley Act, and three Cs of Leadership. The first framework, the Triple Bottom Line, incorporates people’s interests, the planet, and profits (Slaper & Hall, 2011). The Sarbanes-Oxley Act’s components are financial regulations for organization boards,...
For many people who witness the tendencies in the neoliberal economy-driven and globalized society, business and ethics are two incompatible phenomena. However, business ethics plays a significant role in the distribution of forces and the maintenance of fair competition while preserving basic moral principles. Indeed, due to the controversy of...
Uber Technologies Inc. is an American technology company headquartered in San Francisco. The company was founded in 2009; it operates a cab-hailing service worldwide in more than 900 metropolitan areas globally (Cornelissen and Cholakova). It is estimated that Uber has more than 93 million users every month worldwide (Hotfelder et...
The two pieces from the Ask a Manager Blog discuss the issue of a lying employee who takes credit for other people’s work. The proposed suggestion for the manager is to confront them, ask for an explanation, and fire them if there are no mitigating circumstances (Green, 2017). However, when...
Introduction Modern organizations have invested in developing codes of ethics to promote effective professional conduct among the staff members. The code of ethics relates to a set or collection of principles, values, and standards developed by professional organizations, institutions, and enterprises that employees must adhere to, to reinforce good behavior...
The IDEAL method designed by Bransford and Stein is a multistage method of problem-solving. According to this method, finding a proper solution to the problem must pass through five stages corresponding to each letter of the word IDEAL (Sippl, 2021). As Bransford and Stein (2002) stated, a letter I mean...
Corporate standards of performance imply a code of honor and ethics as an effective management tool. “The code of ethics in an academic environment differs from moral standards that can be applied within a specific culture, education, religion, or society as a whole” (Lačný et al., 2018, p. 94). The...
The standards of professional conduct can be revealed through the specifications of ethical concepts. This paper reviews four basic standards of ethical behavior that have to be adopted at work: competence, integrity, confidentiality, and credibility. Since moral conduct stipulates social responsibility, it is vital to encourage the adoption of professional...
The issue of disclosing personal information collected by mobile phone companies is one of important dilemmas in modern ICT ethics. The solution of this problem depends upon the purposes of the information disclosure, the parties to which the information is disclosed and the clients’ consent for it. The information collected...
Introduction Multinational companies often face various ethical dilemmas, which depend on the core business values and a set of rules that enforce equity. For instance, should business firms consider international employees as equal business entities or people of different ethical statuses? Arguably, there is a huge predicament associated with the...
Compliance with business ethics and the endeavor to ensure that customers’ needs are met properly are two foundational principles of running a business, on which a company’s reputation and popularity hinges. Therefore, when seeking collaboration opportunities, organizations must be especially cautious since the choice of a partner may lead to...
Marketing is an activity that directly influences the public perception of the company and its image. Therefore, besides increasing sales, marketers should be concerned with whether or not their decision will adversely affect the company’s image. When these professionals decide to use dishonesty to mislead consumers, the company’s reputation may...
Employee turnover can be defined as the number of employees who leave an organization voluntarily or involuntarily, and it varies from one organization to the other. The study will focus on a technology company that I worked for. A full description of the company’s problems will be explored and with...
The code of ethics under consideration consists of three parts: Leading with Integrity, Avoiding Conflicts and Managing Information, Our Winning Culture. The code has an introduction and conclusion, it is completely transparent, which makes it clear, who exactly is responsible for corporate ethics in the company and which specialists are...
A country’s dominant religion and the ethical system can affect interpersonal relationships, corporate culture, and economic growth. A high degree of cultural sensitivity is required due to the diversity of religions practiced worldwide. Recognizing the differences between “believers” and “nonbelievers” and being aware of religious holidays can improve interpersonal relationships....
According to the triple bottom line (TBL) concept, the project’s financial, social, and environmental indicators must be taken into account. While commercial companies consider financial success as the main indicator of performance, companies with the TBL approach consider it only as part of the business plan. Socially responsible companies take...
The two cases that are to be analyzed in the further document concern the Nord Stream project and involve two parties. The first one is the Nord Stream stakeholders, the representative negotiator of which is Dirk von Ameln. The party is interested in building the pipeline as soon as possible...
Aligning with the key principles of ethics is one of the critical tasks for any organization willing to reach success in the target market. The American Marketing Association (AMA) has developed an ethical code that allows it to remain flexible while keeping the ethical standards rigid and, therefore, managing ethical...
Abstract Ethics in business practice is a pivotal quotient towards elevating professionalism and competence. The lack of clarity concerning guidelines within a workplace risk the development of a dysfunctional organizational culture. It is the responsibility of all stakeholders to develop measures that boost the trickle-down effect of accrued benefits. One...
The Ford Pinto case was an example of indirect harm caused by failing to utilize the intellectual abilities of the company’s personnel to fix a problem that could put thousands of lives in danger. Ford’s decision not to modify the car prototype that explodes in the event of the collision...
The main goal of a business is to generate profits, which is achieved through hiring high-performing employees. Companies that adhere to high ethical standards are more successful financially when compared to those that do not do this. According to Nazerian (2018), the “tech industry is “grappling” with recognizing its social...
Social responsibility is a crucially important aspect of contemporary business. Today, companies are expected to deliver high-quality products and services and act in the best interest of their community, environment, and society as a whole. For example, SaltWater Brewery, a small Florida-based brewery, introduced a six-pack with edible beer rings...
People can stumble upon ads for buying and selling customer databases of various organizations on specialized forums and just with a regular search on the Internet. Banks and state institutions do this, as Internet companies, financial institutions and small private firms do. However, by selling customers’ personal information, organizations risk...
Ethnocentrism is defined as a belief or idea that delineates a particular way of life in terms of language, race, group, or culture where an individual considers they are superior to others. In such an instance, there is a bias in the person’s capacity to objectively make judgments and compare...
The modern world tends to rapid and sometimes significant changes that establish new rules and norms. The information field has become much easier to master for every person and has significantly impacted human life. However, some things have remained unchanged in their importance and necessity. Ethics, leadership, and effective management...
Harassment is one the inexcusable incidents because it violates ethical norms and threatens a person’s emotional or physical well-being. Types of harassment include online, psychological, sexual, racial, religious, and workplace. The latter form of harassment is aggressive behavior toward one or several workers. Bullying at a workplace is a significant...
The modern economic society is a rather complex environment, with rapidly developing global trade, and exponentially expanding markets for enterprises, their capital, as well as information, and technology. When it comes to business in the modern world, economic responsibility to society is still a critical factor in the successful development...
Work ethics is a functional element of workplace management in the contemporary employment context. In general, work ethic might be defined as a set of beliefs and principles followed by employees who consider that continuous engagement in hard labor inevitably leads to better outcomes. In other words, the more one...
Wells Fargo is one of the vast retail banking firms known for its remarkable reputation, especially exemplary management and service provision. Undoubtedly, the bank remains one of the most stable entities in the U.S. The organization’s outstanding success is based on a commercial and social model that blends strong client...
Evidence shows that gender diversity is one of the aspects of corporate behavior that improves performance and leads to positive outcomes for businesses that engage in such practices. According to the second speaker, diversity does not seem to be helpful on corporate boards because the notion is separate from the...
Introduction Lululemon, an athletic wear brand aimed at people who live active lives, has significant roots in the yoga community. It is one of the few companies that sells clothing for this niche and was founded by Denis “Chip” Wilson in 1998. Lululemon’s objective was to promote a healthy and...
Unethical behavior is typical of many businesses, and as a rule, such a problem leads to huge losses not only financially but also reputationally. Several examples from the video game development industry demonstrate the difficulties of unethical behavior within the company and also indicate the practical need to prevent such...
Business ethics address issues related to social ethics and public policies. Businesses have a great influence on our daily lives today. The public policy perspective invites people to look back from normal business practices and ask themselves questions like how businesses should be structured (DesJardins, 2014, p. 15). The public...
Abstract This research analyzes whether ideology-oriented businesses operating businesses based upon moral standards like those proposed by free trade could survive in the market, especially with increased competition. By correctly examining the growth of the balance of trade over time, I prove that those organizations cannot thrive in full accordance...
The social responsibility of business is beginning to be actively and successfully implemented all over the world. Companies today are trying to solve society’s problems by investing in the development of medicine, science, production, supporting socially disadvantaged groups, and caring for the environment (Craft, 2018). At the same time, social...
Moral rules have been following a human within all the time, hanging above him and constantly reminding him what is right and what is wrong. The nature of a man is built interestingly; even though he knows what the right action is, he will always aim for self-benefit. Egoism is...
EDM Description Modern ethical decision-making is directly dependent on dozens of individual factors. They define the organization’s structure, its moral principles, and its capabilities (Casali & Perano, 2020). In particular, the aviation industry pays great attention to various aspects of recruiting people. Aviation is a serious and dangerous occupation; therefore,...
Company ethics is the study of proper business rules and procedures concerning potentially contentious topics such as financial regulation, market manipulation, corruption, prejudice, corporate social performance, and fiduciary obligations. Business ethics is frequently guided by the law, but it may also serve as a fundamental framework that firms might choose...
Foreword Social media have drastically affected employer-employee relationships by providing employers with an effective and simple-to-use surveillance tool. Jacobson and Gruzd (2020) defined such use of social media as cyber vetting: a process of screening potential or active employees’ social media in order to analyze their digital footprint. Therefore, social...
Introduction The global economy is heavily dominated by the private sector, which plays an upper hand in revenue generation and management. Competition is high among national and international rivals, which has seen markets flood with high-quality products and services (Mion and Loza, 2019, p. 4612). Over the years, investors pumped...
Introduction Ethics are moral principles that guide an individual in conducting themselves or the manner of executing an activity. An ethics program is a set of values and principles that steer policies in an organization. Ethical managerial leaders and their employees take the right path in making decisions ethically. My...
Introduction Ethical issues related to the pharmaceutical industry are often associated with dilemmas affecting the safety of people and the profit that companies in this field generate. Despite the commercial aspect of work, the pharmaceutical field is primarily aimed at helping the population, and any form of unfair activities applied...
Case 13.3 from Northouse’s Leadership: Theory and Practice (2021) describes a scenario about David Jones, a manager in a large printing company. Jones contacts a professional employer organization (PEO) in preparation to buy or start a new company. Since his quota estimation requests to the PEO were preliminary, the organization...
Introduction Safety in the workplace should remain one of the key concerns in the construction industry due to the high rates of exposure to imminent physical danger for construction workers. However, in the case of the Truss Construction Shop, safety issues appear to have been ignored, which has led to...
Walmart Inc. is a multinational retail corporation whose umbrella is a chain of classic hypermarkets, departmental, and grocery stores. The retail giant was established in 1962 and has grown to become the largest retailer globally. It serves over 260 million customers across the world in its 11,500 chain stores supplemented...
The question of whether CEOs are overpaid is recurrent as the work carried out by a CEO is hardly tangible — they do not manufacture anything, and, therefore, their contributions are difficult to estimate. Hence the endless debate between those who are convinced that their salaries are enormous and those...
Introduction Most students will picture classes such as finance, accounting, management and marketing while thinking about business classes. Nevertheless, ethics class aims to impact business students to understand ethics and how to go about ethical business. In the article Can We Teach Character? An Aristotelian Answer by Edwin M. Hartman,...
The concepts of morality, ethics, and culture of behavior are usually attributed to the field of non-economic relations between people. To some extent, they are associated with official relations, usually tied to service in government organizations. Meanwhile, it is exactly the entrepreneur who needs the image of an honest, deeply...
There are many ways of how the fashion industry or any other business field can be improved, and promoting organizational change and sustainability are the steps to be considered. The main idea of a corporate social responsibility (CSR) plan is to create business values that enhance competitive advantage and uphold...
Introduction Honda is a Japanese company mainly known for manufacturing cars and motorcycles, although it also provides a wide range of other products. The company professes adherence to the principles of corporate social responsibility (CSR) and has a written code of conduct that, among other things, stresses protection of the...
Since the beginning of the hard-working process of effective marketing, customer attraction concepts were warped in the wrong direction. Some of the consumers were trapped by the marketing tricks, but some of the advertisement campaigns did not target to confuse consumers, so it was done accidentally (Business Ethics Highlight, 2018)....
The business situation described in the selected article has major ethical implications. The authors maintain that false statements are unethical even if they are not misleading (The Editors, 2018). Eagle et al. (2020) support the position and claim that the advertising/marketing industry is heavily criticized for the lack of respect...
Burma is a poor Southeast Asian country that attracts loads of potential investors through the newly developed gas field. An American company Unocal founded in 1890, is attracted to the potential profit from the partnership with Burma as well. However, some ethical issues concern the gas policy of the owing...
Some of the ethical dilemmas encountered by Daniel include lying about the product to customers, misrepresenting the celebrity’s opinion about it, and potentially jeopardizing that celebrity’s integrity and career. The first ethical dilemma jeopardizes the concepts of honesty and integrity, as the company advertisement would have to commit a lie...
Organizations which are open to diversity in the workplace and seek to develop an inclusive workplace need to understand precisely what this means. Workplace diversity means having employees who differ by race, religion, age, or gender. The ability to hire different employees gives the company many advantages, such as a...
In my opinion, Corporate Social Responsibility (CSR) is a concept that encompasses policies and actions aimed at specific improvements for society, rather than the increase of profits. I believe that business organizations should represent socially responsible behavior in their activities since neglecting it is unethical and harmful for business. Pure...
Ethical issues may occur in the situations where they are least expected, even in a restaurant. For instance, in the article Menu science: The subtle ways restaurants get you to spend more, Stephanie Bank describes how restaurants implement psychological “tricks” in their menus to make more money. However, the amount...
The success of any company largely depends on the number of its customers. Attracting customers to the business is an essential goal of any business that seeks to increase sales and maximize profits. To achieve this goal, managers can use various methods and methods to attract the maximum number of...
The main and sole purpose of business is making a profit; however, in the last few years, the term of Corporate Social Responsibility has added a point to the purpose of business. The point made stands that business should not be harmful to society and the environment. This essay will...
Business Ethics The present-day world dictates its rules to marketers, which consequently affect consumers’ perceptions and form demand. However, not all types of marketing or advertising activities are appropriate since ethics play an important role in this process. The issues of this nature are to be timely addressed, whereas, in...
Introduction The company is applying for authorization for drilling in the Arctic ice fields, having omissions and deficiencies when drilling in more favorable conditions. The two hidden problems are serious enough, as they led to explosions, the death of three people, and a leak, which negatively affects the surrounding flora...
W.E. Cheatham and Co. have to consider the ethical implications of their decision to lay off workers amid the annual loss. Even though with the unprecedented economic times, like the COVID-19 pandemic, the company may be overwhelmed and consider layoffs as a potential solution to the financial constraints. However, for...
Presenting Problem Sonya reported having depression, happiness at times, nervousness, stress, and moods are all over the place. Background of the Patient The patient in the case scenario is called Sonya, a 28-year-old female. She has two siblings, and both of her parents are alive. Before puberty, Sonya had anxiety...
The term “whistle-blowing” first surfaced in the late years of the twentieth century. The concept is simple: when an employee sees their company or colleagues partaking in deliberate wrongdoing that concerns public interest, they “blow the whistle” by reporting the misdeed to an authorized person or organization. The issues that...
Introduction Unethical behavior in organizations has crowded the global media for the last decade, particularly in the wake of high-profile corporate scandals involving blue-chip corporations such as Goldman Sachs, Satyam Computers, Siemens, and Lehman Brothers. It has been documented in the literature how individuals’ unethical behavior and actions sit at...
For the following assignment, I decided to analyze the Apple company. This choice is primarily based on the fact that this organization is well-known all around the world and provides services to millions of contemporary individuals. In addition, there is a huge amount of controversial information about the real working...
Management accounting is mainly concerned with the use of accounting provisions to make conclusive and reliable information that can enhance appropriate decision-making. It essentially includes methods and concepts that can facilitate effective decision-making, control, and plan formulation. Management accounting is somehow different from financial accounting. In this case, management accounting...
Introduction Business law and ethics are concepts used to address legal and moral concerns related to business. Business law encompasses all rules and regulations that protect liberties and rights, resolve issues, maintain order, and establishes standards for corporate matters and their transactions with individuals and government agencies. Moreover, business ethics...
Introduction The application of ethical principles is an urgent issue in the modern business field. Today, many potential clients take notice of the corporate ethics of the enterprises they are contemplating becoming a customer of and may reconsider dealing with it if its tenets are dubious. Moreover, debatable principles can...
The code of ethics is an essential concept in marketing that ensures that businesses maintain a certain standard of quality of products and services. An ethical culture plays a vital role in enhancing a high degree of honesty, professionalism, fairness, and confidentiality in business transactions. Promoting positive interaction with consumers...
The main goal of successful marketing is to make sure that the customers’ needs are satisfied so that they would want to buy the product or use the service again. In other words, it should bring joy and benefit to the buyers. Over recent years the reputation of an organization...
Normative Ethical Theories The interconnection between the economic consequences occurring in an organization and the degree to which this company adheres to ethical standards necessitates the elaboration of ethical standards for interaction in business. For this essay, the three normative ethical theories outlined above will be analyzed in detail. It...
A CPA Hailey decided to report all of the marijuana business’s sales on the tax return files. Manager Harry told her that the company’s president does not want to report 25% of the sales, claiming that marijuana is a cash-centered industry (Mintz & Morris, 2020). Lastly, Harry requested Hailey to...
It is important to note that mental complexity is of paramount relevance for ensuring a correct and appropriate ethical decision-making process. The evidence strongly supports the fact that the “complexity of respondents’ mental models was related to EDM, and that this relationship was mediated by sensemaking processes” (Bagdasarov et al.,...
Introduction One of the main challenges that face the fashion garment industry is sustainability and this is because its products are in high demand and attract high amounts of profit. The growth of the internet and social media spreads fast, and consumers are more conversant with ethical fashion issues. However,...
Introduction Recent years, companies pay more and more attention to business ethics and problems caused by violation of ethical and moral rules. The law is a guarantor of social stability. The law provides for collective safety and security. But it has more than a stabilizing function for society–it also embodies...
Making ethical business decisions regarding right and wrong actions permeate daily life. Ethics considers all stages of businesses from acting appropriately as individuals, establishing responsible governments and organizations, and ensuring that the entire society becomes more principled. Therefore, ethics present a scope of standards for behavior that assists people to...
Today, the topic of ethics at the workplace is actively discussed by many researchers with the focus on such areas and aspects as the role of codes of conduct within the working environments and the importance of appropriate working behaviours. From this perspective, the concept of work ethics includes ethical...
Abstract The focus of this research is in the area of corporate social responsibility within the Indian banking sector and how it affects profitability and growth. This study is highly important because enables individuals within the corporate world to adopt sustainable business practices and become more CSR sensitive by dedicating...
Introduction This paper offers a cross-cultural briefing report to a new female Muslim manager who was transferred from Lebanon by Clever Clogs International in her mid-thirties to work in Amsterdam, Netherlands. The company, which operates in the finance industry, intends to change its banking system in the Netherlands through the...
Introduction Corporate social responsibility has gained popularity among corporate bodies in the recent past. According to Rhode (2006), corporate social responsibility has been considered as the way through which a firm can give back to society what it takes from it in the form of profits it gets, the employees...
List of Figures Figure 1: Problem and Prospect of Outsourcing Sales Staff Figure 2: Hypothetical View on Islamic Ethical Standard in Business Atmosphere Figure 3: Sales Staff’s Critical Role Model Figure 4: Influences of Sales Staff’s Job Satisfaction on Job Performance Figure 5: Product Quality Factors versus COO Dimensions Figure...
