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Essay writing on morality and ethics in corporate world

Hire Writer Our text states that ethics is a kind of investigation [that] includes both the activity of investigating as well as the results of that investigation.

Whereas, morality is the subject matter that ethics investigates Text pg 8. This brings us to the dictionary definition of morality which defines it as: Two good examples are correcting a financial error in your favor when you know that it would never be discovered and a co-worker stealing food out of the freezer.

These are crimes, the moral issue is do you report them or not? There are guidelines and standards in which employees are expected to follow if an employee decides to stay employed. Ethical principles serve as a guide to making decisions and they also serve to establish the criteria by which your decisions will be judged by others. In the business world, it is critical how people judge your character because it is the basis of trust and credibility.

Essay on Ethics and Morals

Your reputation is what people perceive of your actions. Are they honorable and ethical? Whereas your character is defined by your actions and if they are they honorable and ethical according to the following 12 ethical principles: Honesty — Be honest in all communications and actions.

Integrity — Maintain personal integrity. Promise-keeping — Keep promises and fulfill commitments.

  1. More locally, my daughter previously worked for the Finance Department of the Marion Housing Authority and was terminated by Executive Director, Frederick Hunt, for not participating in practicing that ethically and morally wrong.
  2. It could be called capitalism in its purest form Antoniou, 2008.
  3. Ethics are the codes or standards of conduct expected by the group to which the individual belongs. A person with good morals is involved in good deeds and always knows it inside.

Loyalty — Be loyal within the framework of other ethical principles. Fairness — Strive to be fair and just in all dealings. Caring — Demonstrate compassion and a genuine concern for the well-being of others. Respect for others — Treat everyone with respect.

Law Abiding — Obey the law. Commitment to excellence — Pursue excellence all the time in all things. Leadership — Exemplify honor and ethics. Accountability — Be accountable. Both character and reputation should be a concern for successful executives because both can be destroyed by their actions that are perceived to be unethical http: Ethics are an integral learned part of the success or failure of a business.

Several large organizations such as Enron and WorldCom have been destroyed and some organizations such as AIG, Fannie Mae, and Freddie Mac have been seriously damaged due to unethical practices of their top executives. When the scheme was uncovered, the company fell unraveled and, consequently, filed for Chapter 11 bankruptcy in December, 2001.

Corporate Business World: Ethics and Morality Essay

He was sentenced to 150 years in prison S. More locally, my daughter previously worked for the Finance Department of the Marion Housing Authority and was terminated by Executive Director, Frederick Hunt, for not participating in practicing that ethically and morally wrong. Meaning that each and every person who knowingly and freely cooperates to produce a corporate act is morally responsible for that act. This Act requires elevated levels of corporate disclosure in the areas of executive salaries, financial reports, and insider trading.

Morality and Ethics in Corporate World Essay Sample

Although the Sarbanes-Oxley Act is considered a burden by some companies, it gives the investing world a greater level of confidence in their investment activities by complying with its provisions. In conclusion, ethics is the branch of philosophy that theoretically, rationally, and logically determines right from wrong, moral from immoral, and good from bad conducts and behaviors. Retrieved January 6, 2015, from http: Former Housing Head Arrested.

Retrieved January 8, 2015. Business ethics Concepts and cases 7th Ed. Upper Saddle River, NJ: How to cite this page Choose cite format: