Business ethics Research Paper Example | Topics and Well Written Essays - 1000 words

Business morality - Research Paper ExampleBusiness ethics is defined as the rules that govern the operation of an organization. any concern operates with a view of making kale. A channel that adopts an ethical approach to their operations argon more profitable than those that lack a clearly stipulated code of conduct (Weiss 72). Therefore, it is necessary for those jobes aiming to raise their profits to adopt and set an ethical approach that will govern the conduct of the employees and their mangers to enhance discipline and integrity. The levels of ancestry ethics Business ethics is classified into the following three classes the large level, the person and the corporate level. The macro level of business ethics defines and stipulates the billet of business in the external fraternity. It further elaborates the different governmental and social systems like the free enterprise, centrally planned economies among others. The business tends to differentiate between ethical an d unethical this is usually called the proper behavior at this level. Finally, this level defines the international ties and the role of business on the international scale (Weiss 74). The corporate level brings out the corporate social responsibility (CSR). This is usually defined as the obligations that different companies and business have in society, for example, education, health and others. This level also discusses the ethical issues facing individual and corporate entities (both private and public) when formulating and implementing strategies (Weiss 75). At this level, the behavior of employees both inside and outside the business is also checked. This is through to avoid mistrust, abuse of office and the separation of ownership within the management team, which is checked against business and own(prenominal) interest. The individual level looks at the behavior and actions of individuals within organizations. An individuals business ethics whitethorn be reliant on the perso nality, peer pressure, and the socio-political environment in which the person is exposed to. Importance of business ethics Business ethics can be regarded as an intrinsic factor in the beingness of businesses. Ethics apply in all stages of development, starting from the production of a product, sales and marketing, customer handling, and finance. The role played at every stage is crucial in enhancing business success and gaining of corporate social responsibility. Therefore, it is critical for every business to adopt some ethics in its operations (Weiss 75). Every business strives to concord the integrity in the face of the customer in an effort to build loyalty and deferential clientele relationships. It is also crucial to maintain goodwill of the business and to control the returns or try to maintain those returns, which in the long run bring the lasting solutions of the business success. The ethics also define the fashion the customers issues are handled, especially in the case of complains and seeking professional advice (Weiss 75). The customer tends to be influenced more by the services than the product a business is providing therefore, handling such issues becomes a crucial issue for the business. When this is done ethically, the business creates a customer base, which is not easy to achieve without business ethics. It is essential for every wing or department to adopt an ethical strategy in various business responsibilities. This should extend to the various stakeholders including shareholders, employees and the community at large. Sometimes, it is hard