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BUSM3199 - Introduction to Governance & Ethics | RMIT

   

Added on  2020-03-04

10 Pages3059 Words63 Views
GOVERNANCE AND ETHICS1

Table of ContentsIntroduction of concept of formal ethics training and cosmetics....................................................3Critically analysing whether training is beneficial or not................................................................3Critically discussing ethical leadership and rewards against training.............................................4Comparing ethical leadership and rewards against training with examples....................................5Conclusion.......................................................................................................................................8Reference list...................................................................................................................................92

Introduction of concept of formal ethics training and cosmeticsThe concept of ethics training was to enable employees judge the legitimacy of their decisions.This training procedure has literally been developed to incorporate moral principles within theemployees so that they can be efficient to make business decisions by making an effectivebalance between company and its potential stakeholders. Government has mandatory guidelinesto provide incentives to employees opting for ethical training procedures as it helps to promotepeaceful environment and decrease corporate offences. However critics have been criticaltowards these ethical training procedures and have questioned the legitimacy of these trainings.The term cosmetics have been used to signify the unreal situations in the practical situations.Thesis statement of this essay is to delve into the process of finding the reality of corporate firmsand impact of ethical trainings they offer. Main purpose of this study is to determine theimportance of further cultural movements to support cultural improvements. Critically analysing whether training is beneficial or notAs stated by Ferrell and Fraedrich (2015, p.45), as per the requirement of a peaceful world,people needs to hold ethical values which they need to maintain in almost every situation theytraverse. However, practical reality is far away from ten requirements and thus there has been aneed of ethics training to scale up ethical justified judgments of people. As per the theory ofresponsive regulation, in order to reach a standard of moral thinking, personal control of thoughtprocess is very important. Formal control needs to be involved when self regulatory process failsto meet certain standards. Ethics training is mainly based on the Cognitive Moral Developmentof an individual. With the help of this theory, organisations try to maintain ethical cultural viewswithin an organisation. Most of the organisations have claimed that they have seen small butsignificant changes within employees.Jordanet al. (2013, p.680), on the contrary stated that these trainings are nothing but merecosmetics, which only show off few positive changes they achieve. It has been mentioned in theviewpoint that companies generally possess a thought that ethics training can bring about helland heaven difference among the employees by changing into a moral person from an immoralperson. This scenario has been claimed to be completely illogical and thus it has been suggestedthat certain employees must be chosen for ethics training, which show ethical behavior from a3

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