Business Ethics Assignment Example | Topics and Well Written Essays - 750 words - 1

Business Ethics - Assignment Example Business ethics examine the general conduct of stakeholders involved in commercial relationships. In essence, business ethics regulates interpersonal relationships between employees and an organization’s management. On the other hand, the ethics provides a guideline relating to employees’ relationship with the consumer market. It is undeniable that any business organization adopts a substantial degree of profit making objectives. Realization of these objectives depends of some economic factors like production resources and market environment. In this context, organizations may experience some inherent hindrances in their efforts to maximize profits. According to Weiss (2008), corporate ethics strive instill checks for the greed on profits and social concerns of an organization. Business ethics came into consideration during the 1980’s when world’s industrial organizations experienced the most competitive marketing environment since time immemorial. As a re sult of competition, every organization utilized resources and opportunities within their disposal in ensuring profit maximization. However, the period witnessed dramatic increment in government laws and regulation meant to control commercial activities. Weiss (2008) acknowledges that despite presence of government regulations, some organizations conducted their business practices with limited regard and sensitivity to the society. As a result, corporate ethics emerged as a systematic mechanism meant to implicitly regulate business practices that falls beyond control of governing authorities. Employees and Ethical concerns Employees would like to associate with a company that respects the rule of law as well as their responsibility towards members of the society. This section covers the relationship between ethical practice and employee retention and commitment within an organization. Through the therapy program, I could observe practical application of therapy techniques in treatme nt of a juvenile problem concerning Eating Disorder. In this context, I appreciated the level of success and resourcefulness of employing therapy programs in solving juvenile problems. Actual application of Employees and Ethical issues From my perspective, workers are usually attracted and committed to their duties in ethical organizations. In modern business environments, organizations adopt pre-determined ethical principles in their undertakings. In this regard, companies outline ethical principles in a documented professional code of conduct required of all employees. Ferrell and Odies (2010) assert that the code of conduct provides guidelines concerning the professional behaviors that employees should apply among each other, and to other parties outside the organization. In the long run, strict adherence to ethical principles within an organization translates into a positive image on the public’s perspective. Ethical organizations strive to achieve a balance between the g oals of social responsibility and that of profit maximization. In this case, an ethical organization values their employees and consumers as well as they value their economic goals. Ethical organizations ensure creation of a suitable environment where employees feel comfortable during their respective duties. Consequently, friendly working environments allow development of a motivated workforce with improved productivity. Typical ethical principles towards employees may include proper compensations and safe working environme