Does the daily influx of media reportage of widespread criminal representation, tax evasion and a whole lot of fraudulent actions by the supposed men and women of our corporate environment cast a spell of doom on our corporate system Have our corporate environment being besieged by a bunch of infidel corporate leaders According to recent psychological findings, the human nature by its inherent weakness if left untrained can easily succumb to the pressures of misconduct. In order words, it should be understood that no corporate executive has ever been nor will ever be a model of celestial perfection. Much of the forces that influence group and individual behaviors are largely a result of the prevailing environment; the daily situations we encounter has the propensity to alter even the most well intended motives of an individual thus making us susceptible to unethical conducts.
In our day and age, the corporate environment is undergoing a massive revolution with an attendant level of sophistication highly unprecedented in the annals of humanity. This increasing dynamism makes it difficult to conceptualism the traditional definition of ethics much less placing stringent judgments on its implementation. Does this exonerate the violators of corporate ethics Certainly not! It is in the light of this that this essay, seeks to present a holistic analysis of all the contending issues in this debate. It is expected that by doing this, the platform would be created to usher a succinct definition that is perfectly in tune with contemporary realities. Building on this definition, there can therefore be formidable streamlining of the loose ends that have created the pervasiveness that have characterized our corporate landscape.
What constitutes an Ethical Conduct
The advent of globalization and its attendant widespread sweeping reforms across all sectors of the human spectrum will provide the basis for the discourse in this section. In view of the complexities in our world today it has become somewhat difficult to reconcile the abstract features of traditional understanding of ethics to the changing realities of our time. In any case this limitation should not impede any effort to address the subject exhaustively.
Rather than discarding what is already known about ethics because it appears obsolete there will be an attempt to restructure and extend the boundaries where it is necessary whilst in the same vein it will be prudent to pull down the needless elements also. It should also be noted that all attempts to legislate ethical conduct has being treated with hostility. The problem with any attempt to legislate ethics is that ethics in its imperative form is very abstract. To overcome this difficulty, it is prudent to look at within the context of describing ethics within the context of practicing decency in human conduct. For good reasons, it is understood that opting for decency makes it comparatively easier to address this subject. As an illustration, the desire to exhibit decency at all levels will guide the conduct of the individual in the work setting even if there is evidence that the person is undergoing a stressful mood swing or not. Moreover, decency in its absolute sense is dead unless it is backed by concrete or pragmatic steps irrespective of the emotional or
In recent times there have being an enormous public outcry about the level of rot and decay that have engulfed the contemporary global corporate environment. Coupled with this has been the massive debate about what constitutes ethical conduct as opposed to what it is not; its origin; motivation and a host of other issues surrounding it…
The study seeks to examine corporate social responsibility policies, including business ethics and its impact on Barclays bank practice and key stakeholders. It shall lay the foundations by describing Barclay’s history and environment, its organizational framework and the philosophy underlying its banking operations.
Corporate America bounces at the opportunity to establish its ethical posture in public, yet frequently has failed to construct ethical choices when such choices intervene with profits. A company must educate and train its employees on constructing ethical decisions, as avoiding them can show to be detrimental and costly to its brand image.
As the corporate kept on spreading like an inferno it was realised that apart from market based financial success a corporate now also has to look after the associated social and moral values of each particular place that they might venture in. Courting this situation the concept of Corporate Social Responsibilities emerged that was later maintained by some and earned them good reputation while refuted by others and marked them in human history as profit mongers, ethics less business tycoons who valued individual benefit much above the optimum social solution.
Issues covered in these chapters include the concept of ethics as applied in business, corporate social responsibilities, moral choices in business, rules and roles, and how it may impact on business ethics. An article written by Judith Ruud and William Ruud (2011) entitled Law and ethics: society and corporate social responsibility: is the focus shifting?
Top business schools teach that maximizing profits and shareholders wealth is the primary measure of managerial competence. Corporate compensation policies including pay-for-performance schemes and stock options have also tended to perpetuate this narrow definition.
Business ethics is an important code that all business organizations stick to. According to Koslowski, business ethics reflects the philosophy of a business. The main aim of business philosophy is to determine the fundamental purposes of a company.
Socrates believed that all individuals are good in nature and do not intend to do evil or harm. I believe that individual virtues are means to happiness. In the modern society, ethics have been based on religious principles or cultural values. Philosophy has attempted
This report analyses the role of business ethics in the corporate environment from the individualistic as well as organisational viewpoints. The report is concluded by providing recommendations about how business ethics can be more stringently established as a part of corporate governance and self-regulation approaches to business conduct and individual behaviour.
10 pages (2500 words)Essay
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