Preview

Business Ethics -Your Way to Success

Powerful Essays
Open Document
Open Document
2850 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Ethics -Your Way to Success
Business Ethics -Your Way to Success
An Information Kit for Business Organisations

Legend to Your Roadmap of Business Ethics

eading a company to success is like steering a vehicle to your destination. Roadmaps are being created and constantly updated in many business sectors in order to encompass the broadening aspects of the modern business world. As corporate leaders steering your crew to your destination, you must watch out for any new signposts along the road, detailing changes or challenges in the external environment, e.g. the globalisation of market, the advancement of technology, etc. By mastering these changes well, successful leaders can transform challenges into opportunities and enhance competitive edge of their companies. However, moving along the business highways, strong leadership is very important to avoid enticing short cuts and to stay steadily on the right route to reach the ultimate destination of their companies. In today's modern business world, the road to success requires more than merely technical skills, practical knowledge and a good product. Business ethics, above all, are the guiding forces to achieve and sustain success. The public of today has high demands of those behind the steering wheel of modern business. Greater accountability and transparency, up-to-the-minute market information, reliable financial and market data, etc. are essential gauges for investment decisions. Business ethics become the fundamental building blocks that link up all these expectations. As leaders of today and tomorrow, you should hold on to such beliefs and strive to put ethics into practice in your corporation. Commitment and determination to put ethics into practice is the prerequisite in your roadmap to business ethics. Yet, you are not alone. The Independent Commission Against Corruption (ICAC) is your partner as you drive along the highways of business. This Information Kit has been specially produced for corporate leaders who wish to embody

You May Also Find These Documents Helpful

  • Powerful Essays

    Business Ethics

    • 2743 Words
    • 11 Pages

    Galen McDowell was a good salesperson who knew how to purchase the higher performances out of the salespeople under him. Bob wanted to sign a big contract with Kinan Motor who was his potential client, so he gave this assignment to Galen, and Galen got this opportunity to promote his value to the organisation. Then he made the plan to take them to a strip club which is called Red Ruby.…

    • 2743 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Treviño, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right (4th ed.). Hoboken, NJ: Wiley.…

    • 1342 Words
    • 6 Pages
    Better Essays
  • Good Essays

    --What is the effect of societal norms on business ethics? How does a business make ethical decisions if…

    • 576 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business Ethics

    • 519 Words
    • 3 Pages

    This paper will compare the Franciscan Values with Kohlberg’s Levels. Cardinal Stritch University is a Catholic Institution of higher education. Cardinal Stritch was found and is sponsored by congregation if the Sister of St. Francis of Assisi. The Franciscan Values are Creating a Caring Community, Showing Compassion, Reverencing All of Creation, and Making Peace. The Kohlberg`s Three Levels and Six Stages of Moral Reasoning Lawrence Kohlberg, a professor of psychology in the University of Chicago, he created his own theory of moral development. The theory is based on children‘s reasoning, when facing moral dilemmas, however, Kohlberg went far beyond that and created a common theory for all ages. Under his theory moral thinking passes through six separate stages, which are broken into three levels. This paper aims to compare the Franciscan Values…

    • 519 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business Ethics

    • 582 Words
    • 3 Pages

    GlaxoSmithKline (GSK) is a global leader in the pharmaceutical industry. Their focus is Corporate Social Responsibility. However, their actions and litigations against them beg to differ. Since they merged together with one another, they seem to be more concerned about the revenue then the impact their product has on society.…

    • 582 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business Ethics

    • 943 Words
    • 4 Pages

    Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms? Briefly describe each and use examples.…

    • 943 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Business Ethics

    • 764 Words
    • 4 Pages

    A: Karl has to deal with some ethical and possibly legal issues in the marketing of his game “Breakaway”. It is an issue ethically simply because he himself has to find out it is suitable to market a game that primarily gives its focus on nudity, violence, and gambling. When it comes to legal issues, is it legal to market these things in foreign countries and on the Internet? This is what he needs come to reality with and needs to think about. If they have the ability to market this game in other countries, then they would have to change different parts of the game for the countries that Will has looked into targeting the game.…

    • 764 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Ethics

    • 2580 Words
    • 11 Pages

    Public sector net debt was £1,039.5 billion at the end of August 2012, equivalent to 66.1% of GDP.…

    • 2580 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    Business Ethics

    • 3443 Words
    • 14 Pages

    Ethical decision making in an organization is based on the moral judgment about right or wrong is often influenced by its own culture. When the decision is ethical or moral, employees act for the right course of action accordingly. Business ethics or the code of ethics has now days became the part of implementing organizational strategy and it development since it emphases on stopping business malpractices, business survival, protecting employees and its shareholders, better relation with both internal and external customers, HR function, smooth functioning and health competition to competitors. Unethical business behavior will definitely damage organization’s reputation that will have negative impact in the market which in turn will discourage the investors. This kind of consequence will result in low profit. Therefore, the purpose of this report is to emphasize on the ethical issues, perspective, ethics in workplace relationship and objectives of business.…

    • 3443 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Business Ethics

    • 1328 Words
    • 6 Pages

    Economist define declining marginal utility of money as the following a utility is a definitions used to explain how much value…

    • 1328 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Business Ethics 101 Week 1

    • 4442 Words
    • 18 Pages

    Corporate social responsibility has great momentum. All the more reason to be aware of its limits…

    • 4442 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Business Ethics

    • 1110 Words
    • 5 Pages

    The problem to be investigated is the effect and consequences of the Sarbanes-Oxley Act. The main purpose of the Sarbanes-Oxley Act of 2002 was to improve the public trust and confidence in financial reporting provided by public companies and increase in the transparency of their reports (Jennings, 2012).…

    • 1110 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Business Ethics

    • 956 Words
    • 4 Pages

    Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment, and paying cash as a form of consideration to clients once the contract was signed. Ethical behavior in business is consistent with the principles, norms and standards of business practices agreed upon by society (Boatright, p.4, 2009). Jacob Franklin decides to go against the code of ethical behavior for job security and personal gain.…

    • 956 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Personal Ethics

    • 942 Words
    • 4 Pages

    Treviño, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right (4th ed.). Hoboken, NJ: Wiley.…

    • 942 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Business Ethics

    • 7229 Words
    • 29 Pages

    Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.…

    • 7229 Words
    • 29 Pages
    Good Essays