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  • Subject Name : business ethics

Table of Contents

Question 1.

Question 2.

Question 3.

Question 4.

Question 5.

Question 6.

Question 7.

Question 8.

Question 9.

Reference list

Business Ethics - Question 1

What is Business Ethics (from your own words)?

Business ethics can be considered as the moral correctness within the business processes and operations through which the rights of every stakeholder and every associated entity are protected (Dytrt & Tomancová, 2018). It is a place where everyone’s values are respected and everyone’s choice is appreciated.

Business Ethics - Question 2

Indicate at least 2 myths about Business Ethics that you have heard and they are not in the above articles.

  • One of the myths is that business ethics deals more with the matters associated religion than on management
  • Another very prominent myth associated with business ethics is simply assuming that since the workforce is inherently ethical, the organisation does not need to implement any policies.

Business Ethics - Question 3

Why is business ethics important?

The concept of business ethics is important because the waves of globalisation have eliminated geographical barriers, which in turn has pushed companies to become more accountable for their actions. Business ethics fundamentally deals with the subject of ensuring an ethical standpoint within the working operative of a business. The societal implications of the business environment are also a key driving factor behind ethics and its perceptions in the current era.

Business Ethics - Question 4

How do you resolve ethical dilemmas?

Ethical dilemmas must be resolved keeping in mind the principle of the need for the greater good. Personal profit motives and vested interests should be eliminated to put forward an assertion that is both ethical and correct within the commercial perspective (Lovett & Woolard, 2016). Mutual respect and the prevention of harm must always be the key objectives.

Business Ethics - Question 5

How does a business create an ethical atmosphere?

Fostering an ethical atmosphere within a business is largely dependent on the overall culture of the organisation. Ranging from policies and principles of the company to the underlying values, the organisational culture is central to creating a working environment where the employees maintain ethical standards and go on to internalise them over time (GÜÇER et al. 2016).

Business Ethics - Question 6

What should you do if you see your colleague stealing the company's supplies?

The first step that should be taken upon witnessing a colleague should be go and talk to the colleague and enquire about the reasons for stealing the supplies and would suggest him or her to contact with the authority for taking the supplies with him. In case of any discrepancy between his or her stealing of the supplies and records is identified I will report it to the authority.

Business Ethics - Question 7

From your experience, do you think which items are most likely to be stolen from the office cabinet? and why?

  • Electronic tablets as those are very easy to carry and they are useful for business and other purposes
  • Pens can also be stolen as those are easy to carry as they are smaller
  • Stationary supplies can be stolen as they are useful for daily life usage and easy to pick up without anyone spotting the incident.

Business Ethics - Question 8

According to the survey study, what do you think why most reports go to management, but only a small percentage to the Hotline?

Most employees tend to report to their managers due to the verbal and face to face nature of the process as compared to reporting electronically over a hotline. Moreover, a perceived delay in resolving the issue also acts as a key driver since employees think that reporting the issue directly to the manager would be far more effective.

Business Ethics - Question 9

As a manager, what can you do to create a culture of reporting misconduct (for your organization and employees) when the opportunity is given?

Keeping an open door policy will be the strategy to create culture of reporting misconduct in the organisation. Ensuring that the environment is safe and employees feel comfortable to open up to the managers is of paramount importance hence striving to create a culture of reporting misconduct.

Reference list for Business Ethics

Dytrt, Z., & Tomancová, L. (2018). Managerial Ethics—A Tool for Social Crises. Economics, 6(5), 390-400.

GÜÇER, E., PELİT, E., DEMİRDAĞ, Ş. A., & Arslantürk, Y. (2016). The Effects of Managers’ Business Ethics Applications on Employees’ Job Satisfaction: A Study on Hotels in Turkey. Macrothink Institute–Business Management and Strategy, 7(1), 206-234.

Lovett, S. L., & Woolard, N. A. (2016). The Toolkit and the Carpenter: Teaching the Critical Distinction between Business Ethics and Personal Morals. e-Journal of Business Education and Scholarship of Teaching, 10(2), 35-46.

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