Ethical Standards In Business

When I was in college, been awhile, the key phrases which were continually bantered around my business law class was "Good Corporate Neighbor" and "Responsible Corporate Neighbor." At that time in history the American people and government had finally realized the devastation uncontrolled pollution was having on our environment.

The media utilized a visual barrage vividly showing sewers pumping millions of gallons of raw sewage or toxic industrial waste into the waterways we drank from and played in, as well as the tops of dozens of smoke stacks belching black toxic fumes and particles into the air we breathed, a very effective campaign.

Did many of these companies knowingly dump these pollutions into the environment without regard to the devastation they were creating, yes of course there were.

Ethical Standards In Business

There were also many companies operating in what I call, a Gray Zone in which they knew it was harmful, but lacked the technology to prevent it, such as the development of scrubbers, or weren't going to spend the capital needed to fix the problem.

The public outcry and government action resulted in, possibly the fastest and one of the most successful resolution of a serious problem, in the history of big business. These are the types of results the sincere implementation of ethical practices by the business community can achieve.

Defining exactly what constitutes good business ethics are, at times difficult, but the obvious implementation of unethical business practices is quite easy to define and see, unless there's a concerted effort by the perpetrator to conceal it.

For instance, the utilization of every conceivable cost cutting effort and productivity increase in order to produce products cheaper, enabling the undercutting of the competitions' price, is standard business practices which must be maximized in order to remain in business.

However, if a business knows the integrity of a particular part in their product is suspect and could result in property damage or personal injuries, yet continues to produce the product due to profit motivation, this is clearly unethical practices.

A company's ethical standards should be created and implemented with the same seriousness afforded the company's Mission Statement.

Ethics in business should not really be difficult to define, as it really isn't any different than our normal conscious which guides us through our normal life. Sometimes we forget a "business" is not some living, breathing and uncontrollable monster, it's the end results of the people operating it.

An average intelligent business person, when approached with a deal Too good to be true, would immediately have red flags, bells and whistles or both resounding inside his head.

The response to an unethical decision should be every bit as alarming and quick to resonate inside his moral fiber.

Ethical Standards In Business
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Ethics in Management - Ethical Management

Facilitative and positive leadership is linked to ethics in management, and it begins with a solid understanding of the self. Some argue that the key elements to positive leadership are self-awareness, self-discipline, and self-efficacy, which then leads to the servant leader, who serves the corporation and the workers by focusing on corporate objectives and goals rather than personal goals. Self-awareness, has little to do with contemplating one's navel high in the mountains of India. It is based on a genuine understanding of one's emotions and selfish tendencies, leading to emotional control and emotional intelligence, the ability to see beyond personal aggrandizement and to display a managerial effectiveness that "does not vary" from situation to situation.

Technology has created a new, and younger, leadership corps that is well versed in technological innovation, but not so knowledgeable in management and leadership skills. Psychological knowledge can bridge that gap by providing an understanding of human factors that are usually learned, if at all, through years of on the job experience. These factors include, for example, body language, presentation of self, and motivational theory. Many theorists argue that American corporate culture was creating a Marxian like alienation in its white collar workers, who began to feel isolated and powerless in a bureaucratic world that mandated decision making and problem solving from above, and sought to remove the personality and individual characteristics of its workers. Bureaucracy and its rigid enforcement of rules and regulations was strangling innovation and satisfaction within the workforce. One solution is to eliminate the rule of bureaucracy and allow workers more input into their jobs, which would create a sense of control over their own destinies. His argument for empowerment as a source of innovation is the foundation of much of modern management and workplace theory.

The ethics of management is tied closely to the pursuit of worker motivation, value acquisition and learning principles. Management must serve the company. Ethical managers must never serve themselves or their own personal agendas. To increase ethics in management, managers can nurture and foster their teams and workers by improving performance through the use of learning and value acquisition tools such as seminars, tuition reimbursement for outside courses relating to work and job performance, and encouraging workers to gain transferable skills which will benefit their careers. Ethical managers do not practice negative power and realize that educating a workforce can only help meet the company's objectives and goals.

Ethics in Management - Ethical Management

Ethics in Management - Ethical Management
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An Ethical Dilemma: How Should You Handle It?

An ethical dilemma is when an incident arises that causes you to question how you should react based on your beliefs and deciding how to choose between right and wrong.

Sometimes, an ethical dilemma might be easily solved once you have had a bit of time to think about it but in other cases, it might not be as easy.

Ethics

Perhaps you have been put into a bad position where you need to make a decision that will most likely have consequences regardless of what you decide.

An Ethical Dilemma: How Should You Handle It?

An example of an ethical dilemma is when a salesperson is guaranteed to make a big sale if they offer a kickback (ie. an illegal payment) to someone.

If they agree to the kickback, they get the sale but risk getting caught and getting into big trouble.

If they don't agree to the kickback, they don't get the sale and might end up looking bad in the eyes of their employer.

Also, should they even tell their employer about the situation or should they simply make a decision and live with the consequences?

Clearly, this is an ethical dilemma and although it's easy to say you would do the right thing, when you are actually in such a position and are feeling pressure to act, you might not always be able to think as clearly as you would otherwise like to think you would.

Depending on the situation, how you react to an ethical dilemma might differ but at the end of the day, here are some things to keep in mind:
Use common sense. If it's clearly wrong or illegal, you know the consequences of doing something that could cost you dearly. Don't let your self-interest get in the way and allow it to cloud your judgment. A short-term gain could be a long-term pain if you make the wrong decision and get caught. Don't assume that your employer will back you up if you do something wrong and get caught. Referring to the above example of the kickback, don't assume that if you decide to pay the kickback that this is what your employer would approve of. If you acted alone and get caught, don't expect your employer to defend you because they may distance themselves from you to avoid further embarrassment or legal trouble. Don't risk your credibility. It can take many good deeds to build credibility but only one seemingly simple indiscretion for it to vanish.
Depending on the specific situation, when an ethical dilemma arises, use common sense and think things through clearly before making a decision you may later regret. Not every decision is cut and dry and sometimes the grey area - the area that is somewhere between right and wrong - may not be as clear as you'd like.

Where possible, try to speak with your manager or someone else you trust when in doubt especially if the decision you have to make affects the company. Don't assume your employer will tolerate you doing something wrong even if it benefits them.

Remember to treat others as you'd expect to be treated and don't do anything wrong in anticipation of a short-term gain that could end up costing you in the long-term.

An Ethical Dilemma: How Should You Handle It?

Carl Mueller is an Internet entrepreneur and professional recruiter who wants to help you find your dream career.

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Ethics Training - Creating an Ethical Workplace

Workplace ethics training is essential to the success of any business. Having employees that know the rules and boundaries can make all the difference when it comes to productive and efficient work being done. The funny thing is that people understand that ethics and workplace ethics exist separately, when in reality they are one and the same. There is no specific set just for the working environment, but merely the application of those ethics that is done differently in relation to employment as opposed to the application to everyday life.

Ethics training is about teaching employees how to make the choices that are morally right, regardless of how good they feel or how much a person has to gain. Productive members of society live by this code of ethics, which includes things like honesty, trust, respect, and similar principles. Knowing how to integrate these principles into the workplace can prove to be a challenge, to say the least. Some think that if good people are hired, ethics training is irrelevant. However, it can never hurt to offer this training to employees so that they understand the practical application of it in the workplace.

Ethics

The problem with many businesses and their lack of ethics is that it's not seen as something desirable. Ethics in the business place are not as popular, because business is about doing what's best for the business, not about what will make people feel good. Ethics training is often a sore subject for many people, simply because they work in an industry focused on profits and success, rather than that warm, fuzzy feeling that comes from living an ethical life. Fortunately, more and more businesses are realizing the importance of ethics to keep them working well and functioning like they should, which is bring ethics training back to the workplace in a positive light.

Ethics Training - Creating an Ethical Workplace

The right ethics training is taught early, and reinforced often. Some standard of competence should be set within a workplace to ensure that everyone has met the requirements for training and understands how to transfer these principles to the actual job, which can prove to be a challenge in and of itself. With the proper training and reinforcement in the workplace, ethics can become an appreciated part of any business or corporation instead of a topic that makes people cringe. For once, doing the right thing and building the bottom line can go hand-in-hand.

Ethics Training - Creating an Ethical Workplace

360training offers workplace ethics training that is essential to the success of your business. Let our online courses teach you and your business the rules and boundaries of workplace ethics training and become more productive and efficient as a team.

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