Business Ethics

Running Head: BUSINESS ETHICS 1
BUSINESS ETHICS
Institutional Affiliation
Name

BUSINESS ETHICS 2
Business Ethics
Business ethics involves all moral principles that guide how businesses should behave.
The same moral principles apply to individuals and determine their actions to business. Acting
ethically implies differentiating between wrong and right and later making the right decision.
Ideally, an unethical business practice can easily be identified. For instance, the company must
not exploit workers or use child labor. They also not use unlawful processes or copyrighted
materials. Consequently, the precise moral compass does not exist that could help leaders
through difficult decisions about what is wrong or right. However, ethics within the workplace
prepare staff and leaders on how they ought to behave. Most importantly, attention to ethics
within the workstations assists ensure that when managers and leaders struggle in times of
confusion and crises, they need to retain a resilient moral compass.
An ethical issue occurs where there is a conflict of wrong (unethical) or right (moral).It is
also a situation that forces alternatives on a particular entity while seeking ethical behavior.
Businesses must encounter these ethical issues regardless of their sizes. Therefore, companies
must come up with ethics and codes of conduct that individuals should abide by and practice
within an organization. Fundamental ethical issues include endorsing behavior built on integrity
as well trust(Bowie, 2017). However, more complicated problems include empathetic decision
making, accommodating diversity, governance consistent and compliance with a corporation's
core values.
Creation of job opportunities in Iceland is an ethical issue. Josh realizes that the country
is very poor and by relocating some of the business, he is going to secure jobs for many people.
As a result, the increase of the employment in Iceland will decrease poverty thus improving their

BUSINESS ETHICS 3
living standards. Regardless of him paying the workers low wages, at the same time is going to
help the society improve their living. Josh is honest, and besides, he loves Iceland. He has the
desire to help youths in Iceland by creating job opportunities. In fact, Josh is socially responsible
since he is determined towards assisting Iceland society. Regardless of them receiving low
wages, Josh is going to earn credits for creating employment to the young people, by moving the
distribution center in Iceland. He was indeed honest with himself, and he is already yearning to
help others. Josh is a responsible man and being ethical as a manager of the company (Kaynak et
al., 2015). Creating employment in Iceland is the primary ethical issue in this scenario and can
be considered as the best decision in the society.
Josh's employment practices are unethical: In the given case, Josh's employment practices
are unethical. To avoid paying higher wages, Josh plan to structure the packaging & distribution
unit in Iceland to cut expenses of the company is a non-ethical issue. His decision of employing
individuals at low wages is against business ethics. He does not comply with the codes of the
business regardless of him being the employer. First, he does not recognize that irrespective of
the location all people are the same. He is practicing unfairness about salaries. Wanting people to
work part-time and not full time will help him cuts costs but will also inconvenience some
people (Braswell et al., 2107). Besides, the workers in Iceland are paid differently from others
working in other countries. This indeed an unethical as these people will use the same energy
same hours to carry out a similar task. Trying to take advantage of others for the same of the
company is unacceptable in the society (Carroll et al., 2104). Everyone needs fair treatment thus
enabling competence in the business. On the other hand, paying employees' low wages does not
give them satisfaction. One of the key determinants of dissatisfaction or satisfaction with
reimbursement is how workers feel their compensation package compares to the rest. If a person