“Perhaps the most difficult step in the process of creating an ethical organization is to set the referral points with which one can assess the ethical value of an action” (Upadhyay & Singh, 2010, p.15). In the article, “In Favour of Ethics in Business: The Linkage Between Ethical Behaviour and Performance” Yogesh Upadhyay and Shiv Kumar Singh (2010) seek to illustrate how difficult it is for organizations to change their manner of business and the necessity for corporate change to attain an ethical business. After reading the article, I found the findings substantiate the diverse business examples in which Upadhyay and Singh use in educating and inform businesses through examining multiple research studies for the need to ethically change
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Within a corporate environment, individuals are always being tested to determine the direction of their moral compasses” (Stanwick & Stanwick, 2015, p. 5). Companies are struggling to make a profit in highly competitive markets and many firms are looking for ways to increase their profits. How far are corporations willing to go to increase sales and investments; it will depend on the values and ethics of that corporation. Values and ethics within a corporate setting are not any different than values held by individuals, but many individuals have had their values challenged within a corporate culture. A corporation is in business to make money, but how that business makes money will define their corporate values and culture. Corporate culture is how a company’s managers and employees think and act when conducting business. The corporation is responsible for the culture management influences the culture in a corporation by their actions and the way business is …show more content…
124). Ypadhyay & Singh (2010) report and substantiate their ethical findings with surveys and reports from corporate executives; Hamilton and the Aspen Institute reported a survey from thousands of executives around the globe on the challenges of managing value. The survey results listed ethical conduct as a key component and supported by management, followed by value commitment to customers, social and environmental responsibility, corporate values to the climate established by the corporation. When a positive and ethical culture is adhered and followed by all stakeholders the survey supports that corporations can flourish to be socially and economically
Within a corporate environment, individuals are always being tested to determine the direction of their moral compasses” (Stanwick & Stanwick, 2015, p. 5). Companies are struggling to make a profit in highly competitive markets and many firms are looking for ways to increase their profits. How far are corporations willing to go to increase sales and investments; it will depend on the values and ethics of that corporation. Values and ethics within a corporate setting are not any different than values held by individuals, but many individuals have had their values challenged within a corporate culture. A corporation is in business to make money, but how that business makes money will define their corporate values and culture. Corporate culture is how a company’s managers and employees think and act when conducting business. The corporation is responsible for the culture management influences the culture in a corporation by their actions and the way business is …show more content…
124). Ypadhyay & Singh (2010) report and substantiate their ethical findings with surveys and reports from corporate executives; Hamilton and the Aspen Institute reported a survey from thousands of executives around the globe on the challenges of managing value. The survey results listed ethical conduct as a key component and supported by management, followed by value commitment to customers, social and environmental responsibility, corporate values to the climate established by the corporation. When a positive and ethical culture is adhered and followed by all stakeholders the survey supports that corporations can flourish to be socially and economically