Antecedents of Ethics: It’s Reflection in Business

International Journal of Research in Commerce and Management, 2016

Ethics in Business has gained momentum over the last few decades with the advent of competition. A decade ago competition was relatively low. However, with the increase in struggle at an alarming rate, some business organizations are resorting to unethical practices which are ultimately harming the human kind and their values. There is a growing realisation all over the world that ethics is very essential for any business to grow. Ethics and business go together; it means if there are good ethics, there is good business. Even the government of every nation across the world is stressing upon business corporate to be ethical and follow ethical practices. "In law a man is guilty when he violates the rights of others, but in ethics, he is guilty if he only thinks of doing so." Hence, higher education must pay more attention to helping students understand how to lead ethical lives. The aim of this study is to investigate the common sources of ethics and to understand the impact of business ethics over the organization as well on the nation by analysing its pros and cons.

As the globalization developed rapidly, every individual plays much more important role in modern society. It is seems there are many people realizing that live in forming communities is better than live in an isolation island. In the highly level society, people more likely get their needs efficiently and easier to enhance their life quality. The problem for every forming community or other social group’s members is when people make decisions, especially when they focus on their own needs and face temptations, if they prefer make decision in a selfish way.

2010

Along with increasing the influence of the private sector in the economical and financial life, the interest in the business constantly grows. It isn’t enough for organizations to offer new more qualitative, accessible and safer products on the market for the customers or these to offer better conditions for the employees, they must analyse the elements which influence ethics in the business, eradicating poverty, sustaining the healthy system and protecting the environment.

Ethics is a significant issue in business both on the firm level and wider phases. Ethics indicate what is right and what is wrong in business branches also lead employees and stakeholders with moral values. Ethics is the basics for an impartial internal environment in an organization. An ethical climate constituted on fair foundations and lead by executives upholding ethical standards in the first instance tend to be more achieved when compared to other firms, since fair organizational internal environment motivates employees by satisfying their necessities, enhancing the organizational performance initially, then to bringing about industry and country wide developments. Thus, the aim of this paper is to review ethical management and corporate performance with a theoretical point of view, also with comprising the international business dimension of ethics and its significance for businesses resting on profound publications.

2015

Ethics plays an important role in a business. The existence of ethics is expected to be a barometer measuring moral values, especially policies resulting in business. The policy is expected not to harm the public who serve as the spearheading of a business. This paper aims to examine the reasons why business ethics must be done by a business enterprise. Descriptively this paper explains that it is necessary for a business enterprise to apply business ethics as a tool or weapon to compete with its competitors. A company running an ethical business will be able to maintain its viability in the long term.

In general nobody denies that in today organisations are not any more evaluated only according to their financial performance but also to accountability and responsibility. Ethical and corporate responsibility issues have been the subject of numerous discussions in the world today. More and more attention and efforts are being directed to these matters, various research projects are being conducted, publications and articles issued, study programs elaborated and seminars organised in order to create an awareness of the problem in the minds of the people and change the pattern of unethical behaviour. In this essay I will discuss about the topics of ethics and responsibility in business, arguing that this is nothing new and unnatural, not something additional to the business activities, but in important and even decisive integral part of everyday business. For understanding the essence of ethics and responsibility in business I am taking a more holistic view, which combines together the concepts of Corporate Governance (CG), Corporate Social Responsibility (CSR) and Ethical Leadership (EL) and follows the Stakeholder approach. Similarly I have used the same concepts in my work about Corporate Moral Development (see Kooskora, 2008), but during the last years I’ve even more convinced that this model can be used for more general discussions about ethics and responsibility in business as well.

Acta Universitatis Bohemiae Meridionales, 2022

The purpose of this article is to highlight, present and evaluate business ethics practices. A separate purpose of the article is to submit proposals for improving corporate ethics. The methodological tool used is based on bibliographic research, text analysis and secondary sources. The research question concerns business ethics and whether it contributes to the development of companies and the better management of business human resources. We will assume that business ethics helps significantly in the development of businesses and the fuller utilization of human resources and we will try to verify this hypothesis. The expected results of the investigation aspire to answer the research question and verify the hypothesis. Also, to highlight the contribution and the best utilization of corporate ethics in the context of business management, through the creation of a business culture that will lead to the consolidation of the ethical and social profile of companies. The above findings are considered important because they initially provide us with new data on the prevailing situation in the business world. At the same time, they lead us to the conclusion that it is necessary to strengthen business ethics, through the development of trust and cooperation with the ultimate goal of creating a business culture that will significantly help improve the business environment.

This paper will analyze the past studies and bring forth the empirical studies on management and ethics. The discussion is based on the idea of having ethics in management that is necessary for both components (ethics and management) to work together and bring conceivability in the business i.e. what measures have been taken to hold together? Although it has been discern outstandingly in the academic work i.e., the most demanding to get people along with the organization. The focal objective of this paper is; why ethics are important in Management? Why ethics are influential in business? What are the attributes of Management which bring ethics in business?

JOURNAL OF MECHANICS OF CONTINUA AND MATHEMATICAL SCIENCES

This paper tries to investigate the role of ethics in managing organization. This study is divided into three parts, Firstly, the introduction of ethics in management context, secondly, its relevance and challenges in implementing ethics in any institutions and lastly, the ways to get rid of challenges with the help of model in step wise construction.

Business ethics and leadership, 2024

The article contains the results of the analysis of the world's scientific achievements and theoretical generalizations regarding the functions of ethics in business organizations, the range of its application in management, and its role and place in ensuring the effectiveness of the company's economic activity. This study considers ethics not as an obstacle to business development that requires additional resources but as a relationship based on trust and cooperation that determines the firm's strategy and competitive advantages. The article summarizes approaches to integrating ethics into management practice and considers the taxonomy of management ethics in organizations. Using the example of a family business, the article identifies general mechanisms for reconciling ethical principles and economic efficiency of a company so that care about ethical responsibility has a favorable impact on fulfilling the main mission-making a profit. The ethical practices of family and non-family businesses are compared. Although family businesses do not always have a formal code of ethics, they are more likely to model ethical behaviour through their actions; family values and their transmission from generation to generation play a significant role in shaping ethical practices in this business; family businesses become more involved in social activities and feel responsible to the community; their image and reputation are an absolute priority. Based on the theory of legitimacy, the article examines the concept of socio-emotional wealth using the example of the family business, which includes values related to emotions and non-financial aspects of business that meet the emotional needs of the family (identity, ability to influence the family and perpetuate the family dynasty). The article considers ethics an integral element of a company's social capital. It summarizes the approaches and stages of ethical policy formation, through which ethical standards are specified and implemented through formal and informal rules and procedures established by individuals and organizations. While forming an ethical policy, it is important to start from the components of the company's context (culture, values, internal regulations), choose a business model that is consistent with values and ethical principles, and formalize the procedures for the transition from individual ethical behaviour of managers (loyalty, honesty, ethics, fidelity) to the creation of collective ethics (dissemination of these values within the company). The article provides recommendations for the successful integration of ethical policy: coordination between ethics and corporate image, between ethics and company performance, and coordination of mechanisms for formalizing ethics and corporate culture.