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Why Ethics Matter for a Business?

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Added on  2020-05-11

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| | |Business Ethics | | | | | |Submitted by: | | | | | | Contents Introduction 2 Ethical issue in the given scenario 2 Duties of Michael in context of Ethical theories3 Role of Michael’s boss in terms of ethics 4 Responsibilities of Michael 5 Factors affects whistle –blowing and justification for it 5 Reasons why ethics are important for a business 6 Conclusion 6 References 6 Introduction Business Ethics and principles are important for an organization in order to make decision. Ethical issue in the

Why Ethics Matter for a Business?

   Added on 2020-05-11

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RUNNING HEAD: BUSINESS ETHICS 1Business EthicsSubmitted by:
Why Ethics Matter for a Business?_1
Business Ethics2ContentsIntroduction......................................................................................................................................2Ethical issue in the given scenario...................................................................................................2Duties of Michael in context of Ethical theories.............................................................................3Role of Michael’s boss in terms of ethics........................................................................................4Responsibilities of Michael.............................................................................................................5Factors affects whistle –blowing and justification for it..............................................................5Reasons why ethics are important for a business............................................................................6Conclusion.......................................................................................................................................6References........................................................................................................................................6
Why Ethics Matter for a Business?_2
Business Ethics3IntroductionBusiness Ethics and principles are important for an organization in order to make decision. It is aprinciple function that guides an organization in making policies and procedures. The ethicalphilosophy in an organization is affecting the reputation, productivity and bottom line of thebusiness. Ethical behavior is important for an organization in order to ensure employeesintegrity and honesty (Osterwalder and Pigneur, 2010). Organizations are focusing on the ethicalcode of conduct in order to maintain the standards for quality in their work. This enhancesproductivity and quality in order to meet results. A positive and healthy corporate cultureincreases the productivity and improves the employee morale. The given case study focuses onWhistle blowing and ethical issues faced by Michael. The act of whistle blowing has a potentialimpact between the personal, organisational and societal spheres. The conflict arises from thecircumstance that one views a whistleblower – as someone sharing knowledge of misconductand acting ‘disloyal’ to their organisation (Johnson, Christensen and Kagermann, 2008).Ethical issue in the given scenarioThe given scenario highlights the malpractices carried by a business organization in order to gainbusiness interest. It is a common practice carried in the business organizations these days.Corporate malpractice is an unethical conduct carried by the business organization detrimentalfor the future interest. The ethical issue is regarding the unethical use of document for meetingorganizational interest. Corporate malpractices are common to the business organization. With
Why Ethics Matter for a Business?_3

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