By Tony Oldhand Thinking about right and wrong before acting can lead to ethical behavior. Ethics is a code of honor that individuals live by. What defines ethical from unethical behavior can be formed in early childhood and carry through to adulthood.
Factors affecting business ethics Factors influencing Business Ethics Business leaders today are well aware of the ethical issues and hence they want to improve the ethical standards of the business.
Self-regulation is, of course, better and produce impressive results. Besides, there are also a number of factors, which significantly influence the managers to take ethical decisions.
The Four Factors of Motivation. By: Let’s begin with the four factors that are the basics of motivating anyone, in any organization. These four factors are When a company undergoes leadership changes the psychological climate of the company is altered and in turn, the whole employee performance improves. The most important influence on ethical behavior in the workplace is overall company culture, which determines whether employees are valued or belittled and whether stakeholders are treated with. Employee behavior, however, can be affected by external factors outside the business. Small business owners need to be aware of these factors and to watch for changes in employee behavior that.
Factors influencing business ethics Some of them are 1. Legislation It is already stated that the Government will intervene and enact laws only when the businessmen become too unethical and selfish and totally ignore their responsibility to the society.
No society can tolerate such misbehavior continuously. It will certainly exert pressure on the Government and the Government consequently has no other alternative to prohibit such unhealthy behavior of the businessmen.
Government Rules and Regulations Laws support Government regulations regarding the working conditions, product safety, statutory warning etc. These provide some guidelines to the business managers in determining what are acceptable or recognized standards and practices.
Ethical Code of the Company When a company grows larger, its standard of ethical conduct tends to rise. Any unethical behavior or conduct on the part of the company shall endanger its established reputation, public image and goodwill.
Hence, most companies are very cautious in this respect. They issue specific guidelines to their subordinates regarding the dealings of the company. Social Pressures Social forces and pressures have considerable influence on ethics in business. If a company supplies sub-standard products and get involved in unethical conducts, the consumers will become indifferent towards the company.
Such refusals shall exert a pressure on the company to act honestly and adhere strictly to the business ethics. Sometimes, the society itself may turn against a company. Ethical Climate of the Industry Modern industry today is working in a more and more competitive atmosphere.
Hence only those firms, which strictly adhere to the ethical code, can retain its position unaffected in its line of business. When other firms, in the same industry are strictly adhering to the ethical standards, the firm in question should also perform up to the level of others.
Factors affecting business ethics The business executive working as a professional manager has to decide what is ethical or unethical. Many factors influence this decision.
In part, what is ethical is based on: What affects business ethics?
The ethical standards imposed on a manager by his superiors also influence him in his decisions as to the morality of behavior.
If the superior condones unethical activities such as padding expenses accounts, the subordinate is encouraged to look upon this activity as an acceptable practice. The policies of the company also influence the determination of ethical conduct.
Standards of behavior in an industry are often influenced greatly by the dominant firms in that industry. The authors of the company policy obviously have an effect that is decisive.
Garrett puts this idea when he says: The best protection is the example presented by the conduct of top management and the atmosphere it creates, when leaders are scrupulous, the employees know what is considered right.
When example is supported by explicit policy, the followers have a clear idea of how to translate the example of leaders into action. When policy is enforced and enforcement reinforced, the employees know that honesty is the best policy in this company.
The ethical climate of a country.
If, it is poor, then only giant corporations and large undertakings can stand competition and be viable; a small concern is apt to go bankrupt, since business is concerned with employment of a large number of persons, it has the obligation to see that it adheres to an ethical atmosphere. However, considerable differences occur among managers as to what is ethical or unethical; and business truly lacks a Code of Ethics.The activities for which HR is responsible affect business principles, ethical behavior and corporate citizenship.
Fair Treatment HR staff strive for consistent application of workplace policies throughout the organization, regardless of employee status or rank.
Recall the three factors that affect business ethics Identify values and morals and how they affect an individual's ethical behavior Know what . Employee behavior, however, can be affected by external factors outside the business. Small business owners need to be aware of these factors and to watch for changes in employee behavior that.
T/F: Ethical culture is a function of many factors, including corporate policies on ethics, top management's leadership on ethical issues, the influence of coworkers, and the opportunity for unethical behavior.
Discuss the different factors influencing ethical behavior at the workplace Essay Sample Ethical behavior is that accepted as morally “good” and “right,” as opposed to “bad” or “wrong,” in a particular setting.
An employee's behavior depends on a mixture of internal and external factors, some of which are more prominent than others. Internal factors are those within the company's direct control, such as policies, workflows and office culture.