Business Ethics: Unit VI Research Outline and Research Paper

Business Ethics: Unit VI Research Outline and Research Paper
The importance of Business Ethics in the work place
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Course
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Outline
Introduction
A look into the place of business ethics in the workplace.
Give an overview of business ethics and benefits in the workplace.
Ethics training
Ethics training is proposed as one of the ways to increase awareness about ethical conduct.
Highlight on the need to have well developed ethics program, with ethical training being vital to sensitizing employees about ethical practice.
Monetary returns
The workforce is motivated to work in an environment that supports ethical practice.
An organization’s reputation may depend on the brand image associated with ethical practice, and those with better ethical conduct tend to have better returns on average.
Professionalism
Business ethics make it easier for organizations to attract high caliber employees keen on professionalism. The employees act professionally without cutting corners when the organizational culture instills a sense of ethical practice.
Employees also engage in ethical conduct as they have the right attitude towards work.
Decision-making
The employees take into account ethical conduct when making decision, meaning that they are less inclined to act unethically.
Employees are typically resistant to change, but insistence on ethical practice while introducing change may improve the chances of the staff making decisions that are ethical in light on new changes in the workplace.
Ethical organizational culture
Organizational leaders reinforce ethical behavior, and employees also exhibit the company’s values.
Ethical conduct influences the corporate culture of an organization, and employees have a positive view about the organizational culture depending on ethical conduct of leaders and co-workers.
Benefits to organization
Employees are in turn motivated to work in a good working environment and increase their productivity.
Motivated employees are also less likely to leave their jobs, and this saves the company training costs for new staff and cost of replacing the departing employees.
Employee Ethics
Organizations with reputable ethical practice attract ethical employees.
The benefit of employee ethics is that it also helps the organization’s reputation, since they are more likely to act honestly when dealing with an organization’s stakeholders.
Teamwork
Business ethics helps to foster a better working environment where there is team building.
Business ethics encourages openness in the workplace as well as engagement with stakeholders in an environment where the workers focus on integrity.
Improving the public image
Organizations with reputable ethical conduct also have positive public image that helps them to gain trust with the public.
A positive brand image also helps to attract talented employees, and this improves the quality of the workforce.
Commitment towards work
Ethical practice encourages the employees’ loyalty towards work, and this commitment results to higher productivity.
Business ethics also encourage employees to be committed in the workplace when there are signs that the organization is serious about ethical conduct at all levels.
Commitment to work in turn improves productivity and quality of gods and services.
Conclusion
Sum up on the importance of business ethics in the workplace.
Highlight on the way forward, especially role of ethical training and the need for the management being proactive in advocating for ethical practice.
Introduction
Business ethics relates to how people behave with regards to what is right and wrong in the business world (Miller & Cross, 2010). Moral principles and guide people’s behavior, and professional bodies have professional standards that seek to ensure that people make the right decisions through adhering to the code of ethics. Hence, in the workplace, there are set standards which govern professionals, but there is no agreement on specific values that should govern the behavior of employees when faced with an ethical dilemma. Nonetheless, ethical training can ensure that employees adhere to ethics compliance it also increases awareness and discourages misconduct. There are numerous benefits of business ethics in the workplace, and the leaders are better placed to influence the corporate culture.
Ethical training
Companies often offer ethical training to improve the employees’ ethical conduct, and it may improve individual work attitudes (Valentine & Fleischman, 2008). Even though, social responsibility initiatives are separate from ethical training they are both beneficial in the workforce. Ethical training also raises awareness on business ethics and this may prompt job satisfaction, when employees clearly understand the values that govern the workplace. Through the development of an ethics program, the employees can understand how an organization’s ethical standards. Furthermore, the case for ethical training is that the employees learn about possible ways through which to solve ethical dilemma and fundamentals of training (Carroll & Buchholtz, 2014).
Business ethics and the workplace
Monetary returns
One of the benefits of having ethics in the workplace is that there is goodwill that is related to the organization’s reputation and brand. Goodwill is an asset to an organization, and the reputation associated with having a good reputation may have unforeseen benefits in the form of monetary benefits. In any case, when an organization is reputable and has goodwill, then its value also increases as employees are happy to be associated with the organization. Equally, customers and the organization’s stakeholders take note and they become more trustful about the company and its future. The company’s image depends on ethical practice as well as how the employees treat customers.
Professionalism
Business ethics help to foster a positive corporate culture in the workplace (Treviño, & Nelson, 2011). Additionally, the employs who act ethically are likely to follow the right channels to improve professional, while also facilitating professionalism, through observing and adhering to business ethics, professionals are more productive in the workplace, since professionalism maximizes productivity. In any case, professionalism breeds happy and satisfied employees who are motivated to achieve the organization’s goals. Hence, the management sh...