"Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment."
What are Ethical Issues ?
A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).
The four major factors that can cause ethical problems in the workplace are lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising. ... They violated each of the four areas that can cause immense ethical problems
ETHICAL PRINCIPLES
- Respecting autonomy. The individual has the right to act as a free agent. ...
- Doing no harm (Nonmaleficence) Our interactions with people (within the helping professions or otherwise) should not harm others. ...
- Benefiting others (Beneficence) ...
- Being just (Justice) ...
- Being faithful (Fidelity)
What are Unethical Issues ?
Unethical behavior in the workplace can be defined as any action that does not conform with the standards of conduct established by the organization. Unethical behavior can occur in the relationships between employees, in the way an employee goes about his business or how he uses company resources.
Unethical behavior in business runs the gamut, from simple victimless crimes to huge travesties that can hurt large numbers of people. Whether it is stealing a pen, padding an expense report, lying to avoid a penalty or emitting toxic fumes into the air, unethical behavior cannot be condoned by a company. A strict ethics policy is the cornerstone for any business that wants to maintain a good reputation.
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