Primary Ethical Principle Pros And Cons

Decent Essays
Bailey 1,

Katrina,

**********************************************************************************************************
1. What are the pros and cons of your primary ethical principle, in terms of advancing up the corporate ladder? Discuss.

Student Answer: The primary ethical principle can be seen in very many ways in terms of climbing up the corporate ladder of the business world. Therefore, in this category, it is important to take on an ethical principle that fits in most of the corporate organizations. In my case, the utilitarianism approach would be the best primary ethical principal because it fits the goals of most of the corporations or just to say it fits the goals of any organization. Therefore, the company selects and
…show more content…
According to Halbert, & Ingulli ethical principles are essential to the organization in a number of ways because it helps to achieve several aspects of the operational and behavioral discipline that leads to the success, growth, and profitability of the company (2006). Ethics principles provide a guide to make decisions as well as provide the criteria through which these actions will be measured or perceived and judged by others. The ethical principles in the workplace instill the discipline and the respect within the organization; these principles and standards give provisions to strict measures that would be applicable to the persons who go against the standards and the requirements within the organization. Also, according to Ferrell, Hirt, & Ferrell `the bottom line is that managers need to be aware of what constitutes ethics, values, of the four approaches to ethical dilemmas and how organizations can promote ethics` (2014, p. 78). Ethical principles also are the best ways of executing and advancing the business goals and objectives effectively and efficiently. In the most basic scenario, our actions not only affect us but also great and largely affect the people and the organizations around us. If the organizations tell lies then they undermine their ability to work with the others as well as face problems in the industry. Ethical principles foster the need for integrity within the organization and also outside the organization so that all the operations are smoothly handled and controlled.Ethical principles instill trust among the employees and the stakeholders including; the employees, managers, executives, customers, suppliers, and even competitors. This is because the companies and organizations have often relied so much on the trust that it receives from stakeholders. Therefore, the ethical

Related Documents

  • Decent Essays

    One who has great knowledge in tasking functions of a company, delegating responsibility and dealing with decisions is a very import function of a leader. The ability to share ones knowledge with a team to enhance the team’s performance aids in the productivity of an organization(Johnson, 2003). In order for an ethical leader to lead they must have the power to make decisions and take action when necessary. Having authority also means that one must know how to engage their team members, add their own knowledge and having them act upon functions of the company(Johnson, 2003). The final element of an ethical leader is trust(Johnson, 2003).…

    • 1398 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Applying ethical behaviors and moral beliefs into the business environment is known as business ethics. Recently, in the business world, ethics have been a topic that is acquiring a lot of attention (Lewis, 1985). Furthermore, when a company maintains high standards of ethics, everyone within the company will benefit. Ethical ideas may vary from a company to another. Managers’ ethics and how they are influenced by their morals plays a big role in the company’s decisions.…

    • 769 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    The leaders in organization can direct guide employees in making decisions that are not only beneficial to them as individuals but also to the whole organization. The good ethics helps create long lasting positive effects for a company. It also ability to attract and retain highly talented individuals and building and maintaining a positive reputation. Running a business in a good ethics can builds a stronger bond between individuals on the management team and create stability in company. After that, the employee must follow the steps when the manager leading the organization in an ethical manner.…

    • 920 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    A business should worry about the way its actions are perceived by the public. Many companies who openly practice stakeholder theory are rewarded by the public for how it treats its employees and customers. Virtue ethics is different for everyone but many times people 's virtues coincide. Managers often times must find the golden mean when making decisions based on their virtues. Managers who do the right thing and follow their values are considered ethical to virtue ethics…

    • 798 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Ethical Issues In Enron

    • 3422 Words
    • 14 Pages

    Don’t make your code of ethics be window dressing. Instead, companies should make ethical standards common sense in every person’s mind. Thirdly, companies need to learn business ethics theories and models because they are the ethical basis in all the situations. For example, in these theories and models, the impacts of your decisions and the interests of related parties are emphasized. These ethics and models give out good ways of balancing the interests of all the related parties, so they can help you make the right decisions when you face ethical dilemmas.…

    • 3422 Words
    • 14 Pages
    Decent Essays
  • Decent Essays

    First, it can develop the emotional, cognitive and social intelligence, as well as maturity that is ethical in its employees and managers. This way, the business realizes ethical objectives and business advancement. Inter-organizational seminars, continuous training, setting goals and other measures can help improve business ethics (Price, 2014). Secondly, the organization can reward and develop leadership that is ethical. This strategy should include all people even those in subordinate positions.…

    • 1750 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Ethics can be important in many fields including project management. Ethics also always described as “doing right thing” and it is measured based on the degree of the trustworthiness and integrity in by which companies and individual conduct business (Mason, 2009). Conferring to the previous study from Mason (2009), he proposed that ethics are concerned about trustworthy and integrity for the customers especially in business. However, ethics are very important in construction field as well because in terms of managing projects, ethics play important roles to gain trustworthy from stakeholders. Stakeholders by mean are the person involves direct or indirectly in an organization and affect the organization’s objectives.…

    • 816 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    70, 2012). This form of communication is fundamental in building the organization’s reputation with internal and external stakeholders. Therefore, communication management is vital as it pertains to the PR department shaping and managing the CEO’s brand and performance, creating proactive programs that will shape a positive public opinion (2012), or creating guidelines that leaders and employees will utilize for behaving ethically (Kim, 2015). Additionally, the marketing department is also instrumental in operational activities involving promotional material, pricing, and branding that brings exposure and value to the organization. As effective corporate communication is utilized internally its significance contributes to engaged employees that creates the landscape for organizational success as studies indicate increased job satisfaction and commitment.…

    • 1152 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    The companies ethical adoption and their commitment has encouraged the employees to work ethically and support the mission and maintain the culture of the company at the workplace. The implementation of this program developed the awareness about the material ,legal and ethical awareness among the employees and such areas in the company. Creating a image and goodwill in the market as well as in the society is easy but it is hard to maintain the goodwill and image of the company. Likewise holding the customers, consumers and satisfying them, so that they will continue with the same company brand is a difficult task. But Carrying on the same customers for the years ahead can be done with the help of the CSR implementation to hold a brand image in the market.…

    • 1449 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Success can be easily achieved if the organisation has a strong culture where employees and the management share the same values in the process of attaining goals. Sometimes, decisions of the management can lead to employee dissatisfaction; therefore, leads the organisation to the failure path. Maintaining an effective organisational culture is an important task to any managers and organisations. Thus, management must adapt and adjust the changes in the environment in order to create an encouraging culture so that the performance of employees can be…

    • 1139 Words
    • 5 Pages
    Decent Essays