To have an ethical workplace, any organization or company needs to establish its own culture, values and leadership. In other words, if a company wants to promote an ethical behavior, managers and employees need to be aware about business ethics from leadership, codes of conduct, related legislation to compliance training, ethical decision making, cultural and generational differences around ethics. Ethics is present in most of the decisions we make every day. The object of this paper is to identify four business ethics principles that look very important for an organization or individual through the article the “Top Ten Principles” by Philip Humbert provided in class. I will develop the following principles that are important from my point
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Business Ethics require Integrity. As stated in the article, integrity refers to “wholeness, reliability and consistency” (Humbert, 2005). It is very important to have people who can be reliable for example when manipulating or sharing data / information. Some core values of integrity are as following: compassion, reliability, loyalty, trust, maturity, wisdom and so on. However, our integrity can be tested sometimes, and we need to have the courage to ask the right question and do the right thing. For example, privacy and confidentiality are sometimes blurred because many parties are involved in manipulating data about customers’ personal information. In the healthcare industry, doctors and staff employees have access sometimes to patient personal information. I have the following story of an employee who worked at a claim department in a hospital. He was working on a patient record that was treated and has been prescribed medication to control anxiety and depression. However, the name was familiar to him and he checked the patient personal information. He realized that the patient was his daughter’s school teacher. In this case, integrity and reliability are ethically important because this employee is able to misuse the information to protect his daughter from an unstable person, who is responsible for his daughter education. According the hospital’s policies, he does not have the right to violate the patient’s privacy by informing the school about the teacher’s mental …show more content…
Business Ethics are value-based. As stated in the article, ethics are all about values; therefore companies need to be aligned on some ethical standards, culture, productivity practices when doing business. Situations such as misconduct in some organizations’ practices have been a high alert to the financial and business world. We can cite the example of Enron Company and Arthur Andersen who misled their employees, investors and the business world in the disclosure of their financial reports. Both companies Enron and Arthur Andersen acted with an obvious disregard of any notion of ethical conduct. They violated the GAAP (Generally Accepted Accounting Principles) which according to the website Investing Answers, is a “framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies”. Enron and Arthur Andersen failed in the following
Business Ethics require Integrity. As stated in the article, integrity refers to “wholeness, reliability and consistency” (Humbert, 2005). It is very important to have people who can be reliable for example when manipulating or sharing data / information. Some core values of integrity are as following: compassion, reliability, loyalty, trust, maturity, wisdom and so on. However, our integrity can be tested sometimes, and we need to have the courage to ask the right question and do the right thing. For example, privacy and confidentiality are sometimes blurred because many parties are involved in manipulating data about customers’ personal information. In the healthcare industry, doctors and staff employees have access sometimes to patient personal information. I have the following story of an employee who worked at a claim department in a hospital. He was working on a patient record that was treated and has been prescribed medication to control anxiety and depression. However, the name was familiar to him and he checked the patient personal information. He realized that the patient was his daughter’s school teacher. In this case, integrity and reliability are ethically important because this employee is able to misuse the information to protect his daughter from an unstable person, who is responsible for his daughter education. According the hospital’s policies, he does not have the right to violate the patient’s privacy by informing the school about the teacher’s mental …show more content…
Business Ethics are value-based. As stated in the article, ethics are all about values; therefore companies need to be aligned on some ethical standards, culture, productivity practices when doing business. Situations such as misconduct in some organizations’ practices have been a high alert to the financial and business world. We can cite the example of Enron Company and Arthur Andersen who misled their employees, investors and the business world in the disclosure of their financial reports. Both companies Enron and Arthur Andersen acted with an obvious disregard of any notion of ethical conduct. They violated the GAAP (Generally Accepted Accounting Principles) which according to the website Investing Answers, is a “framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies”. Enron and Arthur Andersen failed in the following