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Ethics and Sustainability in Business

   

Added on  2023-06-03

9 Pages2472 Words66 Views
Business DevelopmentLeadership Management
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Running head: ETHICS AND SUSTAINANBILITY IN BUSINESS
ETHICS AND SUSTAINANBILITY IN BUSINESS
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Ethics and Sustainability in Business_1

1ETHICS AND SUSTAINANBILITY IN BUSINESS
Ethics and sustainability in business is of utmost importance in today’s world since the
organizations are flourishing in terms of making business but there are many ethically
answerable questions that they have to face. Ethical dilemmas are turning out to be one of the
major concerns for the organizations and therefore it is of utmost importance that the
organizations take into consideration the different ethical as well as sustainability issues that
come along their way. There are different concerns such as security breach and data theft in the
major organizations in the world, which arise ethically answerable situations for the companies,
which in turn led them to be answerable to the government as well as to their customers. In this
essay, I will discuss the different work ethics as well as sustainability issues faced by the
companies will be discussed in details.
I will be analyzing two case studies, which are Anderson office supplies which is are all
Asia and Gold and diamond.
Business ethics ideally means to take the right course of action in making business
decisions and to act ethically while implementing any organizational policy as well as taking any
kind of decisions in the workplace. These the different business processes, production from the
employees, and the behavior and interaction of the organization with all its customers as well as
the other third party companies tied up to it. Business ethics is all about doing the right things
with integrity within the organization (Crane & Matten, 2016).
From the different researches that I have understood that not always are written codes of
conduct or organizational policies effective in maintaining an ethical and sustainable workplace.
IN fact formal training on corporate ethics under the proper supervision from the human resource
department is sometime more helpful for the employees to understand the core values of an
ethical workplace. The employee training programs have to be properly monitored by the HR
Ethics and Sustainability in Business_2

2ETHICS AND SUSTAINANBILITY IN BUSINESS
department in order to ensure that they are complying with the organizational ethical guidelines
at all points of time while in their workplace. I have also understood about a new trend that the
companies have started following all across the world regarding an ethical business management
course that is mandatory for employees to complete. This would further help in increasing the
knowledge of the employers about a new candidate during the hiring process and help them
develop a better and more sustainable human resource management strategy within the
organization, apart from just looking at the profit margin of the company (Carroll & Buchholtz,
2014).
Sustainability on the other hand has also become an important consideration for private
as well as government companies as well as other organizations all throughout the world, which
takes into account the different effects that the business operations have on the society and the
environment. Thus, Sustainability can be summarized as the process to maintain the systems
within an organization on a long-term basis by taking into consideration the different
environmental, social as well as economic aspects associated to it.
The important ethical principles are:
1. HONESTY: The employees should be honest in all respects in their work places (Sharma &
Hart, 2014).
2. INTEGRITY: They should do the right things and make honest decisions in the work place.
3. TRUSTWORTHINESS: Employees should be trust worthy (Quarshie, Salmi & Leuschner,
2016).
4. LAW ABIDING: Employees should abide by the organizational rules and regulations.
5. COMMITMENT TO EXCELLENCE: Employees should be committed to deliver excellent
outputs within the organization (Motohashi, 2015).
Ethics and Sustainability in Business_3

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