StudentShare solutions
Triangle menu

Training in ethics for management personnel - Essay Example

Not dowloaded yet

Extract of sample
Training in ethics for management personnel

The Columbia Encyclopedia (2003) defines business ethics as the study and evaluation of decision making by businesses according to moral concepts and judgments. Issues involved in ethical business decisions include a company's obligation to be honest with its customers, a company's responsibility to preserve the environment and the protection of employee rights. Ethical conflicts arise due to the differences in the interests of company owners, workers, customers, and the community wherein which the business operates. The dilemma for managers is how to balance the need to produce profits for shareholders with honest business practices, safety in the workplace, and environmental and social concerns. The globalization of businesses and diversity in the workplace have also contributed to the complication of ethical issues because of different government laws that define the limits of criminal behavior. Practices which are deemed as bribery, sexual harassment, racial discrimination, and lack of concern for the environment, may be held as criminal in one country but are neither illegal nor unethical or unusual in another. The company must then decide whether to adhere to its traditional ethical principles or not, especially if this provides opportunities for maximizing profits.
According to Today's Market...
use of these type of occurrences in the business milieu, the Sarbanes-Oxley Act of 2002 has become part of mandatory United States federal law that companies must adhere to. The Sarbanes-Oxley Act is intended to protect against corporate fraud and unethical accounting and reporting incidents. Thus, ethics training is now widely conducted to instill corporate values, rules and regulations in the minds of managers and employees.
Ethics Training
Ethics training aims to ensure that people are aware of ethical issues and the consequences of unethical behavior. Companies which conduct ethics training are benefited by the continual application of the company code of ethics in the everyday business environment. Ethics training provides a venue for communication and problem solving that guides participants in the resolution of complex issues brought about by conflicts of interest. It helps create a guide that may be followed when exercising discretion, while defining boundaries, limitations and expectations within the organization. An ethical workplace environment is characterized by properly exercised discretion, and ethics training is a step toward corporate compliance (Today's Marketer, 2008).
An ethics training program encourages employee involvement in the process of reporting violations of the code of conduct, or any unethical practice. Compliant companies establish a procedure and a point of contact where whistleblowers my anonymously report violations. The process allows employees to be at ease when an unethical situation must be reported, and contributes to the company's corporate compliance program because it proves the company's willingness to eliminate unethical practices. Encouraging the reporting reduces catastrophic outcomes for the company, such as those which ...Show more

Summary

According to the dictionary, ethics is the branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. It consists of the rules of conduct or the system of moral principles adhered to by a particular group or culture (Random House, 2006)…
Author : nikkostamm
Training in ethics for management personnel essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Training in ethics for management personnel"
with a personal 20% discount.
Grab the best paper

Related Essays

IT Personnel Management
The concept of the world as a global village is now more pertinent than ever before. Competition is taking a toll as there is expansion in all markets with the aid of more advanced information technology and communication among all parts of the globe; industries are no more limited to geographical barriers.
15 pages (3750 words) Essay
Ethics in Strategic Management
The integration of ethics into strategic management has added value to many industries. For instance, the acknowledging of ethics by managers has portrayed a good picture of the whole organization hence addition of value the reputation of the respective firm.
6 pages (1500 words) Essay
Labor Management and Personnel Work
It is generally accepted that quality management is a critical research area in present day corporate discourse. The topic has developed into an integral facet of business culture, on par with financial reports. Focus on individual behaviour is still recognized today by management researchers to be critical in planning management strategies.
9 pages (2250 words) Essay
Personnel Management
There are as many ways of doing so as there are different attitudes, notions and behavior toward certain tools of present-day management and employee relations. On the matter of labor unionism, for example, there are those who frown on its presence as disruptive, those who accept it grudgingly as unavoidable, and those who look at it as a necessary means by which to interact with employees collectively and attend to their needs at less cost and effort.
10 pages (2500 words) Essay
Interactive Training of Hospitality Operations Personnel
In order to improve the quality of customer/employee interaction, state of the art training facilities must be provided to the employees to ensure high levels of professional competency (Siguaw & Enz, 2000). Training and development of human resources is important for destinations wishing to remain competitive in the world travel market.
44 pages (11000 words) Essay
(HUMAN RESOURCE DEVELOPMENT) EFFECTIVE TRAINING METHODS FOR LEADERSHIP AND MANAGEMENT
Training leaders for tomorrow is a popular approach within the corporate world due to a number of reasons. Firstly, it is no secret that the generation of the ‘Baby-boomers’, is fast approaching the phase of retirement in the coming decade and their
10 pages (2500 words) Essay
Personnel management-Part I
A successful organization in today’s world is the one that keeps track of these changes and acts accordingly. One of the major assets an organization possesses is its human resource. Hence it is extremely important for the organization to train and develop its HR
4 pages (1000 words) Essay
Personnel management
In the current era, the business world has become a global network and the businesses focus on inviting employees from various cultural backgrounds to bring forth versatility and profitability in the organization. Generally speaking, the diversity in
8 pages (2000 words) Essay
Ethics of a management accountant
The institute of Management Accountants ethical conducts for the practitioners of financial management and management accounting play an important
3 pages (750 words) Essay
Training call center personnel
In designing the practice case, I propose that the organization adopts product and customer centric models because the launch of new product requires passing information to customers. The approach used should train
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation