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Ethics in Business Decision Making

   

Added on  2021-02-20

8 Pages2505 Words137 Views
Leadership ManagementPolitical Science
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Critical review
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Ethics for business decision........................................................................................................1Ethics is relevant for business decision in Apple........................................................................2Ethics relevant for small business...............................................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONEthics is refers to as a moral principles or code of conduct that are practices by a personin order to determine what is right or wrong. Business ethics are basically some standards orcode of conduct which direct the business operations that work toward benefiting all thestakeholder who are involved in affairs of company instead of benefiting the single individuals.Business ethics support in attracting the customers toward the offering of company that help inboosting up sales and profitability. This report in based on Apple Incorporation which is anAmerican multinational organisation that deals in technological industry by offering bothhardware and software related products or services. The current report is based on critical reviewabout the relevance of ethics within a business (Crane and et. al., 2019). This report is dividedinto three sections where part one includes literature review about the ethics in business decision,section two consists of critical review about the relevance of ethics in business decisions takenby Apple. At last there is critical review about the importance of ethics for a small business.MAIN BODYEthics for business decisionBusiness ethics are the one that guide the values, decision and behaviour of a business aswell as individual within the organisation. The business ethics is all about what is right or wrongactions that is to be performed within the workplace which have a direct impact over the product/services as well as relationship among the stake holders. The consideration of ethics withinbusiness practices support a business to achieve greater success at marketplace as it involvecodifying of law, minimum wages, environmental regulations and restrictions against thecollusion and insider trading (Dierksmeier and Seele, 2018). The business ethics support ineffective decision making by considering the credibility with employees, welfare of society andprofitability of business. As per the view point of Michael Volkov, 2015, Ethical decision making is considered tobe a discipline that focuses toward determining and resolving the issues that are present inbusiness. But the application of ethics within the business requires more knowledge about ethicsin order to determine ethical issues that may arise and methods to resolve it from overalldecision. For ensuring that the operations within the organisation must be performed in morereliable manner toward the benefits of both customer as well as business at large. Ethics are1
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