Essay on Ethics and Moral Philosophies

1554 Words Aug 14th, 2013 7 Pages
Ethical and Moral Philosophies

Ashford University

May 20, 2013

The inner works of a successful business is based on the values and beliefs of its owner. In comparison to a family, the owner may be considered the matriarch and employees considered sons and daughters. Based on that assumption, the responsibility for success and prosperity lie solely on the leader. Family success is based on the philosophy of values and morals of its matriarch that are passed down to the children. A business should operate on the same basic philosophy of a family by creating a set of values and beliefs that will represents the best attributes of a company. Those same attributes are then passed down to employees creating a mutual
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Moral Philosophy Integration A company’s market success and stability is made possible by valued employees and the loyal customers that purchase their products. The way for a company to achieve such status is to develop a moral philosophy that’s created with a certain corporate culture and well-conceived ethics. A strong ethical bond between employer and employee is the basic anecdote that strengthens the company’s standing both inside and outside of the organization. Building lasting business relationships is a crucial to longevity and having a solid corporate philosophy is a prime factor. Strong moral philosophies should be implemented at beginning of a business venture but are not limited to start-up. Established companies must consistently evaluate their ethics by first, giving employees a voice to suggest change and second, adhere to consumer wants and needs. Desired ethical practices should be implemented at all levels of an organization, embraced and adhered to from the top down. In order to become or maintain relevancy people must approve of what you stand for.
Ethics Integration Example Levi Strauss is a company with business operations worldwide. In an article written by Phatak & Habib in 1998, Levi Strauss with 50% of its company’s manufacturing outsourced overseas came under fire for its plant located in Bangladesh employing underage children. Human rights violation claims surfaced creating an

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