Ethics Reflection Paper
Ethics Reflection Paper
Ethics Reflection Paper
In society and business when the term “ethics” is mentioned what comes to mind too many people is the practice of expressing good values and morals in making the best choices in their personal and professional life. Generally, ethics is how we must act or behave because our conduct is affected by our morals. In my paper I will attempt to describe how these roles of ethics and social responsibility can go corrupt were the ethics are no longer practiced.
In the business panorama, for the past several years, ethics has become a much commented topic. Even though the term, ethics, is not new it has turn out to be a highly talked about topic ever since the Enron scandal happened several years ago. It is well known, that the general public is more and more involved and attentive in the activities that businesses organize, the businesses must be at their best behavior at all times. The general public and Stakeholders have a good understanding as to what businesses do and they could distinguish when businesses are not doing ethically the right thing. This could cause the businesses a high risk because these stakeholders and general public will quickly stop believing in them.
Nowadays, there are two sensitive topics, the way businesses deal with the environment and how they are handling their finances. If the stakeholders and general public find out that a specific business is hurting the environment or don’t have a strategy to avoid injuring the environment they will have a serious public relations and financial problem. As well, as it happened with Enron, if the stakeholders find out that there is somewhat unethical about the financial transactions inside the company, the companies can risks serious hardship including bankruptcy. Today, it is important that companies consider these roles seriously while developing a strategic plan. Also, there is a bigger awareness
Ethics Reflection Paper
In society and business when the term “ethics” is mentioned what comes to mind too many people is the practice of expressing good values and morals in making the best choices in their personal and professional life. Generally, ethics is how we must act or behave because our conduct is affected by our morals. In my paper I will attempt to describe how these roles of ethics and social responsibility can go corrupt were the ethics are no longer practiced.
In the business panorama, for the past several years, ethics has become a much commented topic. Even though the term, ethics, is not new it has turn out to be a highly talked about topic ever since the Enron scandal happened several years ago. It is well known, that the general public is more and more involved and attentive in the activities that businesses organize, the businesses must be at their best behavior at all times. The general public and Stakeholders have a good understanding as to what businesses do and they could distinguish when businesses are not doing ethically the right thing. This could cause the businesses a high risk because these stakeholders and general public will quickly stop believing in them.
Nowadays, there are two sensitive topics, the way businesses deal with the environment and how they are handling their finances. If the stakeholders and general public find out that a specific business is hurting the environment or don’t have a strategy to avoid injuring the environment they will have a serious public relations and financial problem. As well, as it happened with Enron, if the stakeholders find out that there is somewhat unethical about the financial transactions inside the company, the companies can risks serious hardship including bankruptcy. Today, it is important that companies consider these roles seriously while developing a strategic plan. Also, there is a bigger awareness
References: Company Mission-Chapter 2: Strategic Management: Planning for Domestic & Global Competition, Pearce 13edBookshelf. Retrieved from University of Phoenix on Pearce 13edBookshelf. Web. 01 November 2013 http://online.vitalsource.com/books/9781121899322/page/37>. Corporate Social Responsibility and Business Ethics-Chapter 3: Strategic Management: Planning for Domestic & Global Competition, Pearce 13edBookshelf. Retrieved from University of Phoenix on Pearce 13edBookshelf. Web. 01 November 2013 http://online.vitalsource.com/books/9781121899322/page/64 Silverstein, K. (2011) Enron, Ethics and Today’s Corporate Values. Forbes Retrieved from http://www.forbes.com/sites/kensilverstein/2013/05/14/enron-ethics-and-todays-corporate-values/