Ethics and Moral Codes in Business
Added on 2020-04-07
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NAMESTUDENT IDSUBJECTTOPICDATE
BUSINESS ETHICSTable of ContentsTASK I- LO1.............................................................................................................................................2Introduction to Business Ethics............................................................................................................2Ethical Theories Discussion..................................................................................................................2Ethics Explanation and Differences.....................................................................................................3Business person and License Application............................................................................................4Corporate Social Responsibility...........................................................................................................4Effects of Ethical Issues towards Business Operations.......................................................................5SECTION 3: TEA BOARD OF INDIA ORGANIZATION...................................................................5Ethical issue affecting Tea Board of India...........................................................................................5Improvement of Operations Ethics......................................................................................................6REFERENCES..........................................................................................................................................8
INTRODUCTIONEthics and moral codes are crucial aspects of a community that guide and govern the community members. Ethical principles are used to ensure that people in the same group, same situations and with similar thoughts to feel equal and valued. There are different types of ethics, e.g. business ethics, professional ethics, community ethics to name a few. Additionally, there are different theories that are referred to as the origins of certain ethics, e.g. deontological developed by Immanuel Kant, teleological developed by John Stuart Mill, natural law among others. There are also other theories that basically produced ethics that are used a guide to community members like the absolute and relative ethics. In the business world, the business ethics have recently been some of the main and crucial aspects that are being relied on by most stakeholders. This is simply because the ethics involved are capable of directly affecting most of the business stakeholders at one time or the other. However, besides putting more effort and focus on the business stakeholders, business are supposed to also focus on ensuring that the surrounding environment is also fairly treated.TASK I- LO1Introduction to Business EthicsEthics is the discipline of practicing moral principles and standards that are used to govern a specific group of individuals. Business ethics can be referred to as an organization’s policies and principles that guide them on their moral and ethical practices. Business ethics helps unite every party involved in a business towards solving some f challenges, problems and differences that may arise between the business partners, employees or even stakeholders. They are responsible for ensuring a certain level of trust and team work among all the business participants (May et al,2014). Therefore, business ethics are responsible for setting the business code of conduct, values,norms and standards that guide all organizational parties. This means that they help the organizational employees, managers, stakeholders and business owners to have a sense of belonging and value because they are all expected to follow and be guided by the same ethics (Beets et al, 2016). They take a major part in ensuring that business parties work together towards a common goal and with same mentality. In that case, every business must ensure that its ethics are known, acceptable and followed by every party involved in the organizational operations.
Ethical Theories DiscussionJohn Stuart Mill is one of the first and most famous and influentialBritish philosophers to write about ethical theories in the human life. His theory was based on his own believe and called it utilitarianism which stated that everyone should act in such a way to bring the largest possibly balance of good over evil for everyone involved (Belak and PevecRozman, 2012). This principle says that a person’s actions can only be right only if in end they cause overall happiness to anyone involved(Johnston, 2011). The theory developed from being an idea of one individual to a principle that is factual, true and one that can be proved in the end.Immanuel Kant was one of the first German philosophers to write about human ethics. ImmanuelKant’s ethics theory represents one of the deontological theories or principles that he begun since16th century to date. The theory revolved around three major principles (Misselbrook, 2013), i.e. a person’s good will, the notion of duty and the nature of imperatives. This means that an action can be referred to as a good thing only when its main purpose or objective is to be performed out of good will and towards achievement of duty or responsibility to the moral law. This theory has grown and is being used in many scientific grounds in the current world.Deontological/ Non-ConsequentialismIt is entirely based on judging human actions based on whether they are consistent in doing what is morally right. The theory focuses mainly on the motive or objective of the action from the beginning (whether it is someone’s duty or nature) which means that the end effect is not important (Baumane-Vitolina et al, 2016). Therefore, if the motive is positive, then the action id deemed right and if the motive is negative the action is deemed morally wrong. This theory follows the principle of Immanuel Kant’s theory. The theory developed from being a dominant aspect of determining growth and understanding of a human being to being a major determinant of how humans react and act when it comes their moral behaviors and perceptions. Originally, it focused on finding the human behavior in terms of morals but now it focuses on determining the results of a person’s moral behavior, which is basically the motive that leads to a certain moral behavior or action.
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