Business Ethics

Business Ethics 6

Business Ethics

KEY TAKEAWAYS BEFORE ATTEMPTING THIS ASSIGNMENT

Business ethics is an important topic to consider in today’s corporate world. It is essential that companies understand the impact of corporate social responsibility, the role of leadership in developing an ethical workplace culture, and the benefits and challenges of implementing ethical standards in the workplace in order to maintain a successful and ethical business. In this essay, these three topics will be explored in depth.
Corporate Social Responsibility (CSR) has become an increasingly important factor in the business world. According to a study conducted by M Stříteská and K Kubizňáková in 2010, the implementation of CSR initiatives has a significant impact on business ethics. Companies that demonstrate CSR have higher ethical standards than those that do not, as CSR initiatives increase ethical awareness, establish clear ethical rules, and encourage employees to adhere to ethical practices. Furthermore, CSR initiatives also lead to greater trust from stakeholders, as they demonstrate an organization’s commitment to ethical principles. As a result, organizations that practice CSR often experience improved financial performance, as customers are more likely to purchase from companies that demonstrate ethical practices. In conclusion, the implementation of CSR initiatives has a positive influence on business ethics, and thus, the practice of CSR should be encouraged by all organizations. (Stříteská & Kubizňáková, 2010)
Leadership plays an important role in developing an ethical workplace culture. As MS Schwartz (2013) states, “effective leadership is key to creating and maintaining a positive, ethical culture”. Leaders must model ethical behavior for their employees to follow. They must create clear expectations of employees and hold them accountable. Leaders must also ensure that those expectations are communicated to all employees, and that employees understand the consequences of not following them. Furthermore, leaders must be willing to take responsibility for their actions and be willing to issue appropriate disciplinary measures when necessary. Finally, leaders must create an environment where employees feel comfortable speaking up and voicing their opinions. By following these guidelines, leaders can create an ethical workplace culture that will have a positive impact on their organization.
The implementation of ethical standards in the workplace can provide a number of benefits. According to L Wing (2016), in their article published in the International Journal of Organizational Diversity and Research, “The ability to adhere to ethical standards in the workplace is essential for any business or firm to have a successful and sustainable future.” These benefits include creating a more positive work environment, which can lead to increased morale and productivity. Additionally, having ethical standards in place provides the organization with a set of principles that can be used to guide decision making. This can help to ensure that employees are making decisions with integrity and in line with the organization’s values. Moreover, having ethical standards in place can help to protect the organization from any potential legal or financial repercussions that may occur due to unethical behavior. However, there are also some challenges associated with implementing ethical standards in the workplace. For example, establishing and enforcing ethical standards can be a difficult task, as it can be difficult to create and maintain a unified set of values. Additionally, the enforcement of ethical standards can be difficult to oversee, as it can be challenging to ensure compliance with these standards. Lastly, implementing ethical standards can require significant resources, including time and money, which may not be feasible for smaller organizations. Overall, implementing ethical standards in the workplace can provide a number of benefits, including creating a more positive work environment and providing guidance for decision making. However, there are also some challenges associated with implementing these standards, such as the difficulty in establishing and enforcing them and the associated costs.
Business ethics are an integral part of a successful business. Not only do they ensure that companies are making decisions that are in line with what society deems to be fair, but they also set the tone of how the company is going to operate. Furthermore, having a well-defined code of ethics can help to create a culture of ethical behavior, which is important in fostering a positive and productive workplace. Taking the time to routinely review the business’ moral code, training staff, and enforcing ethical standards can help ensure that the business is in compliance with the law, has healthy relationships with its stakeholders and customers, and minimizes the risk of any employer tarnishing their image.
Work Cited
MS Schwartz.”Developing and sustaining an ethical corporate culture: The core elements.”https://www.sciencedirect.com/science/article/pii/S0007681312001218
L Wing.”Ethical principles for online dispute resolution: a GPS device for the field.”https://heinonline.org/hol-cgi-bin/get_pdf.cgi?handle=hein.journals/ijodr3&section=8
“The impact of corporate social responsibility on business competitiveness.”https://dk.upce.cz/handle/10195/38504

 

WOULD YOU LIKE A CUSTOM ESSAY JUST FOR YOU?

Get Assignment Help- Confidentially!




Why Choose Ace Writing Center?

***Absolutely NO Plagiarism.

***All writing is original.

***Guaranteed Top Grade.

***24/7 Support

***100% Money Back Guarantee

***Free revision

 

 

 

 

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Ace Writing Center has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At Ace Writing Center, Nowadays, students normally have extremely busy schedules. You will note that some of them have to take on some evening or weekend jobs in order to get some income that can help them to sustain in college or in the university. This can deny them a chance to write all the essays given. Others usually get bombarded with a lot of work by their lecturers. This can still delay such students from working on all their essays. However, some of them usually try to work on all these essays but end up delivering their work late. This can prevent them from graduating since most lecturers are strict on deadlines. If you want to write a business essay, the wise way is to hire an outstanding essay writing service like us, so that you can get the best results. If you are keen, you will note that many companies usually overcharge their customers. Some of them are there only to make money. And in reality, they really don’t care to build a long term commitment with students. You should not choose such companies. You should take your time and choose a reliable company to work with. Ace Writing Center is the ultimate solution for you. We have been offering our writing service for more than 7 years. This is a clear indication that you will get quality essay writing service. We have a wide range of writers who can work on any business essay that you might have. We believe in doing extensive research so that we can provide quality work to all our clients. .

Admissions

Admission and Business Papers

Have you ever had to write an admission essay for college? The majority of students face the same issues when applying to a university or college and many in such situations decide they need professional help to cope with this matter. They get in a situation when the deadline keeps coming closer but lack motivation to start because they are just not sure if their writing skills are strong enough. We have a solution for you! Ace Writing Center is the best admission essay writing service with a large professional team and years of experience in providing high-quality papers to students of all levels and faculties. The mission of our team is to help students make their dreams of entering a good college come true and that’s what we offer!.

Editing

Editing and Proofreading

Sometimes all the words for your paper just flow out of your mind and into your fingers. You type quickly at your keyboard and there they are, your beautiful words right there on the screen. But you have no idea how to polish it up. You may be wishing there was a paper writing service that offered this type of writing service. Look no more! Here at Ace Writing Center, we offer you an editing and proofreading option that you can't find anywhere else..

Coursework

College Essay Writing

In case you are familiar Ace Writing Center, you know the way to distinguish a better company from a cheap one exactly. First of all, poor service website does not have a sufficient support. We think support team is an essential part of success; it has to answer all clients’ questions and be a connecting link between clients and their writers. On our web-service you will get answers about anything you need and your writer will receive all your instructions, assignments and requirements exactly and swiftly. A writing service that we run has got a flexible pricing system that will save you from senseless wastes and many bonus systems that let you sparing money for something important for you.

Open chat
1
Hello. Can we help you?