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Posted on March 18th, 2013, by

As a matter of fact, the concept of business ethics deals with how certain business practice is acceptable in the society. For example, does the vendor have the moral right at an organized presentation of products to hide information from the client about the low standards of a product safety? Should the accountant report about inaccuracies found in the audit, knowing that in this case, the client is likely to cease cooperation with the firm? Should car manufacturers use expensive new parts, providing security, knowing that for this reason that car becomes too expensive for the client? Despite the legality of such situations, decisions and actions, the latter should be evaluated in terms of various indicators, not just in the scale of true-false. Consequently, business ethics is contradictory in nature.
In their daily work and activity, in context of interviewing, group and team work, meeting with management and a presentation delivery, people (at any level) will inevitably face the need to make ethical decisions. As a rule, ethical issues arise in the field of management, marketing, manufacturing, research, human resources, financial management, business strategists, and many others. It can be said that ethical and responsible activity contributes to the creation of new competencies, because it draws its members within the entire organization and contributes to the future-oriented/ holistic approach to leadership style and better prepares the company to both external and internal changes, crises. Hence, business ethics creates confidence, improves reputation, and helps to maintain good relations with various groups, including, customers, partners, owners, investors and organizations, as well as banks and the media.
I am convinced that ethical and responsible activity helps to improve the attractiveness of the company in finding good employees, to maintain the goodwill of members and enhance the value and reliability of an enterprise, to provide a consistent and constant development of the enterprise. As a fact, ethical and responsible activity affects not only individuals and interest groups, but also the interests and profitability of the organization. Thus, in other words, business ethics is a way to better manage the enterprise.
However, business ethics also include such concept like ethic dilemma. It should be noted that ethic dilemma – is a problem of difficult choice between this or that way of behavior. Situations and conflicts that from time to time require making a decision in real life, often raises the ethical dilemma. As a fact, the two possible solutions of the ethical dilemma may involve behavior, which is not acceptable from the standpoint of morality. In my opinion, business ethical dilemma is always a compromise with yourself. On the one hand, everybody has own interests or interests of the company. On the other hand, people should behave themselves towards others, as well as they want people to behave towards them. I think that that a person should decide for himself what is more important to him long-term image and honor or short-term benefit.
To sum it up I would like to say that ethics is the humanity, honesty, respect, goodwill, fairness and trust. In their daily work and activity, in context of interviewing, group and team work, meeting with management and a presentation delivery, people (at any level) will inevitably face the need to make ethical decisions. It is not possible to provide effective management without business ethics, for the sake of success of the enterprise it is important to treat others with respect, appreciate other people and take into account what is happening in and around the enterprise.

 

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