Business ethics Characters

This essay has a total of 1184 words and 4 pages.

business ethics

How to behave toward oneself and toward other individuals is a matter of making choices:
whether to be friendly or unfriendly; whether to tell the truth or lie; whether to be
generous or greedy; whether to study in order to pass an exam or to spend valuable study
time watching television and cheat to pass it. These, and all other questions about how
people act toward themselves and one another are dealt with in a field of study called
ethics. Another name for ethics is morality. Because both words suggest customary ways of
behavior, they are somewhat misleading. It had to do with what should or should not be
done. Divide practical wisdom into two parts: moral philosophy and political philosophy.
They're defined together as a "true reasoned state of capacity to act with regard to the
things that are good or bad for man" (Drucker, 1996). One statement of the problem is
business organizations, as well as members of society in general, are plagued by the fact
that there are liars, cheats, and thieves among us. Liars, cheats, and thieves are not new
nor are they likely to disappear. People will do anything and go to whatever extent to get
what they want. This is why there's a lack of ethics. Definition of terms: The word ethics
is derived from the Greek ethos, meaning "character," the pattern of behavior or
personality found in an individual or group; moral constitution, moral strength, self
discipline and fortitude (Compton's Interactive Encyclopedia). The other is from the Latin
mores, meaning "custom" (Compton's Interactive Encyclopedia). Business Ethics refers to
what is right or wrong, or good or bad, human behavior. The concept of business ethics is
"being able to look at your face in the mirror"(Drucker, 1996). Ethics is a code of
conduct and values that is accepted by society as being right and proper. Code of ethics
is simply a compilation of the rules that are meant to govern the conduct of members of a
particular organization or profession. Moral philosophy and political philosophy is true
and reasoned state of capacity to act with regard to the things that are good or bad for
man. In the daily scramble to get ahead, earn a profit, and outwit competitors, some
people don't play by the rules. Sometimes the culprits are respected and ordinarily
well-behaved persons even though they are accused of a crime or offense. Unfair and
unscrupulous actions hinder the development of harmonious relationships between workers
and co-workers, and between workers and supervisors. A person who cannot be trusted to do
the right thing, fails to win the respect of others. It should be recognized, however,
that ethical dilemmas are faced by people at all levels within an organization. Various
firms have experienced breaches of ethics. The respected business firms suffer damage to
their reputation when questions concerning ethical behavior arise. This is one of the
reason formal codes of ethics, developed by many business organizations, and trade
associations are popular today. Code of ethics is simply a compilation of the rules that
are meant to govern the conduct of members of a particular organization or profession. A
recent survey found that 94% of the fortune 500 service and industrial companies have a
written code of ethics (American Marketing Association). Companies and trade associations
expect their members to abide by such rules as a condition of their engaging in the
profession. There are at least two noteworthy limitations to codes of ethics. First, the
written rules are sometimes so vague and general they prove to be of little value. Second,
codes of ethics are neither a complete nor a completely reliable guide to one's moral
obligations. It is impossible for the drafters of such codes to anticipate all the moral
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