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What Is The Importance Of Ethics In Business Ethics

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Register to read the introduction… When employees in organizations make decisions to act unethically, they affect not only the company itself, but also its shareholders, employees and customers. Employees make a countless number of choices every day in businesses, if they act unethical, they can damage a company's productivity, profits and …show more content…
A leader should ask themself questions before he makes up his mind and a decision. He should think about the way he or she feels or what emotions are involved in taking action. For instance, if a leader hears some insider trading information and they know they will profit from the news, they should first ask themselves if it is the right thing to do. Is it fair? Since insider training refers to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security (U.S. Securities and Exchange Commission, 2001), it is also considered illegal; not just morally wrong.
Clearly anger and other emotions can influence thoughts and actions. Whether that is good or bad depends on whether the emotion leads to right or wrong action. If empathy or guilt lead you to recognize an ethical issue or think about the consequences of your actions for others, that is a good thing. If moral outrage leads you to seek justice, that is good as well. But moral outrage can also lead to a desire for revenge, and that may be the time to bring cooler heads to the decision to determine whether action based upon revenge is a good ethical decision (Trevino, 2010, pg. …show more content…
B. (1962, September). A Few Words From the Chief. Boys Life , p. 23.
Esty, K. G. (1995). A Managers Guide to Solving Problems & Turning Diversity Into a Competitive Advantage. Avon, MA: Adams Media, An F&W Publications Company.
Manktelow, J. B. (2005). How to Lead: Discover the Leader Within You. Swindon, United Kingdom: Mind Tools LD.
Nurmi, R. D. (1997). International Management Leadership: The Primary Competitive Advantage. Binghamton, NY: Internatinal Business Press.
Trevino, L. N. (2010). Managing Business Ethics: Straight Talk About How To Do It Right. Hoboken, NJ: John Wiley & Sons, Inc.
U.S. Securitites and Exchange Commission. (2001, April 19). Insider Trading. Retrieved July 7, 2011, from U.S. Securities and Exchange Commission:

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