Ethical Issues and Dilemmas in Business - Essay Example

            This term had many intriguing topics and I have learned a great deal in this term. There have been many topics that were unknown to me before this term. My favorite topic undoubtedly has been ethical issues and dilemmas in business. This paper will justify why this has been my favorite topic in this term.

“In today’s business, the workforce comprises of people who are diverse in their nationality, religion, caste, race, age, education, and even socioeconomic status. They are all expected to work together as a team towards the success of the organization. “(How to resolve ethical dilemmas in business). When there is diversity, people are sure to have different mindsets but this does not mean that the business they are involving themselves in shouldn’t follow the ethics.

Developing an effective ethics program

            I am very eager to learn about developing an effective ethical program in order to learn how to do business and how to simultaneously abide by ethics. Doing so ensures the complete progress of the business. Ethics are like moral values and if a business loses morals, profit-making would be of very little use. There are several ethical issues like discrimination, racism, etc at the workplace. These issues can be sorted out by talking to the people involved in the same; the last option would be to sack individuals refusing to understand how dangerous discrimination at the workplace can be. Awareness is a very important aspect of following the ethics expected of a business. Without the awareness of ethics, the employees can never realize what’s expected of them in terms of ethical responsibility. There is a very fine line between law and ethics, business organizations are forced to follow the law but that is not quite the case when it comes to following ethics. An organization following ethics is ought to be more successful than the organization not following ethics. It is imperative to have a code of ethics in order to fulfill the ethical responsibility that every organization has. “Disciplining employees both ensures productivity and sets standards for the future.” (Ethical Dilemmas in Business). An organization that disciplines its employees is ought to fulfill its ethical responsibilities. I aim to enjoy learning this subject as well so that my final goal of getting educated comes about in a full circle. I would definitely give in my very best when these subjects are taught to me (Hoffman, 1994).