Business Ethics Policies and Practices Explicatory Essay
Ethics has diverse definitions depending on the field in which it is applied. From a general perspective, ethics encompasses well-established standards of wrong and right acts that humankind should avoid and do. The standards include instances of honesty, societal benefits, fairness, and particular virtues. Moreover, ethics revolves around the development of the above standards in ensuring that institutions study their own ethical standards (Mello, 2006).
Ethical practices are not necessarily found within the laws and social norms. For that reason, a lawful act may not be ethical. This means that the established standards must be well founded and reasonable in their own context. In the business field, organizations have to set up policies and practices that increase trust among their stakeholders.
Therefore, ethics makes businesses to avoid instances of discrimination and bribery that may minimize a firm’s economic values to its stakeholders. In an ethical dilemma where personal ethics conflicts with a company’s ethics, a person ought to comprehend the ethical values of the firm that he/she works for in order to initiate the process of mediation.
In addition to understanding the ethical values, the employee should know why the values exist. The process will assist the individual to change his/her value system to fit in the company standards given that it is rare for corporate bodies to alter their ethical values to fit that of an individual (Mello, 2006).
In this scenario, the person will make decisions depending on what is essential at any given instance after evaluating the consequences that may arise with the available choices. The process of exploring and understanding a firm’s ethics, values and morality requires different methods, which have numerous dimensions.
In the business environment, there are ethical subdivisions such as comparative, normative, and descriptive ethics that stakeholders study and comprehend as part of their organizational cultures. Moreover, there are the ethical principles that are incorporated in the corporate ethnic programs to help employees in furthering their corporate culture.
The law of Equal Employment Opportunity (EEO) tries to minimize instances of discrimination at the workplaces. Some of the instances can rise from race, color, sexual orientation, religious affiliation, nationality, and pregnancy. These laws make it possible for HR to hire employees from diverse cultures.
For instance, the Title VII of the Civil Rights Act of 1964 ensures that hiring, promotion and recruitment of employees does not favor one color (Mello, 2006). In addition, the law creates a favorable working environment for all races at a workplace. In this situation, an employee is promoted only if she/he is competent but not due to her/his race.
On religious discrimination, HR will be able to accommodate employees from all religious backgrounds. When recruitments are done irrespective of one’s religious affiliation, a corporate body can easily expand its presence in all regions in the world hence realizing high sales on its products and services since it will get positive reception.
From the two cases, a company will open up to absorb qualified employees who will work towards meeting the company’s strategic objectives. Even though the EEO law tries to avoid discrimination to other groups, it can lead to hiring of unskilled workers as a way of fulfilling the requirement of anti-discrimination (Mello, 2006).
For example, if a company conducts interviews for two posts and finds that the first two best candidates are of one race, the company may consider the third best applicant given that he/she is of a different race. This shows that merit is at risk at the expense of balancing the workforce in a firm. Therefore, the HR has to prioritize quality service to legal requirement in order to balance the entire process. Clearly, a mixed workforce of different cultures opens up the perceptions of employees at the workplaces.
Mello, J. A. (2006). Strategic human resource management (2nd ed.). Mason, Ohio: South-Western/Cengage Learning.
International trading simply refers to the way of exchanging goods, capital and services across the world. In other words, this is the trade between countries on a global context. One […]
Introduction Business ethics involve the use of personal and moral judgment about business issues. The need for ethical behavior and performance within an established code of conduct amongst business people […]
Introduction This paper is based on a branch of normative ethics called deontology. In deontological ethics, employees are required to perform their duties according to the given instructions. They are […]
One of the main questions discussed by scholars is related to the ethical and safety standards established for clinical trials. The main task is to ensure the safety of patients […]
The following paper will establish and analyze why ethics are important to managers and Google Corporation. A closer look will be taken at the decisions that are made in regards […]
Ethics in organizations is an important ingredient of organizational success. Both the employers and employees ought to act ethically to ensure that the goals and objectives of the organization are […]
The concept of research ethics refers to set of regulations, principles, and organizational outline that will guide in constituting and regulating any scientific exercise (Thomas 90). Research ethic principles are […]
Mortgage servicing is a mode of business concerned with the collection of payments from borrowers and delivering the funds to investors. It involves soothing borrowers into honoring payments to the […]
Business ethics is a concept taking its base primarily in general human ethics and applying those rules and guidelines in a business environment. Ethics is a set of moral principles […]
Ethics has diverse definitions depending on the field in which it is applied. From a general perspective, ethics encompasses well-established standards of wrong and right acts that humankind should avoid […]