Importance of Ethics in Decision Making within a Business Organization
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This report discusses the important role of ethics in decision making within a business organization. It analyzes the impact of ethics on legal, professional, social, personal, and employee factors. The report emphasizes the importance of ethics in ensuring success and maintaining a strong market position.
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PROFESSIONAL ISSUES ASSIGNMENT: PART 2
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Table of Contents 1.Introduction:........................................................................................................................2 2.1 Legalfactors.....................................................................................................................2 2.2 Professional factors..........................................................................................................3 2.3 Employee and Social factors............................................................................................4 2.4 Personal Factors................................................................................................................4 2.5 Intrinsic Factors................................................................................................................5 2.6 Prioritisation.....................................................................................................................6 2.7 Decision...........................................................................................................................7 3.Discussion...........................................................................................................................7 4.Conclusion on Analysis8 5.Lesson learnt from the course.............................................................................................9 5.1.Technology Ethics.......................................................................................................9 5.2 The Ethical Technologist..................................................................................................9 5.3 Habits of the Effective Technologist..............................................................................10 5.4ACS Code of Professional Conduct..........................................................................11 5.5Ethical Issues of the Information Age.......................................................................11 5.6Thinking Machines....................................................................................................12 5.7The Common Denominator.......................................................................................12 5.8AI and Human Potential............................................................................................13 5.9Final Comments (optional)........................................................................................13 6.Conclusion........................................................................................................................13 6References.........................................................................................................................15
1.Introduction: Ethics may sound an attributive word reflecting certain components or principles existing within individual helping as guidance to behaviour. But in recent business world it will be seen that application of morality and ethics play a huge role in the entire operation of an organizational system.Ethics is basically concerned with the moral judgement that an individual has regarding the right and wrong, good or bad associated with activities, behaviour within the business organisation. Any decision taken within the company derives its importance and features from the cultural environment of the company. This is what make ethics important component in decision making process where the individual thinking regarding right and wrong for the company’s overall growth and profit are taken into account. Business organisation that reflect proper ethical behaviour combined with corporate social responsibility distinctly brings success for the business. This happens because the customers believe in the farms services to be of better quality, the employees within the organisation sustain their motivation and tenure in the organisation. It is also beneficial to attract investors as well as help in keeping the price of the stocks of the company much higher giving the farm overall a very e an important market position. This report presents a discussion focusing on the important role that ethics play in the decision making within various domain of a business organisation. How application of ethics helpindeterminingtheeffectiveoperationoflegal,professional,social,personal, employment related factors are further analysed and discussed. The discussion is wrapped with a reflection of knowledge derived and conclusion. 2. Analysis 2.1 Legalfactors Legal factors these are external factors it shows,how thelawaffects the way businesses operate and customers behave. While creating a web technology (Reaper) we have to look around us before we start a web technology. All the things are legally organised or legally processed. It includes many things like website design, web page development software, Registering our domain name, copyright issue, trademark issues and most importantly policies. All the factors are important but in a web technology the main legal factors are
trademark, copyright and policies. Trademark or its met tags should not contain any others known trademark or words, so that there is no confusion between two companies or between two similar trademarks. Copyright means that all rights, title and interest in the copyright of all content created by a content creator is assigned to one organisation so that other companies could not frame one organisation in any types of copyright issue. Now here an important legal factor Policies, it does have two types Privacy policy and Terms of Use. This privacy policy describes that what personal information is taken from you when you visit this site then it also shows that how the information is used and shared with whom (Amit and Zott, 2015), it also shows us that how to rectify any errors and make changes to the personal information that was initially provided there. Terms of use it is also an important policy but we don’t read these policies we just to the end and click on I agree and then ok. So these are some legal factors which an organisation has to maintain. 2.2 Professional factors It demonstrates their capability in their chosen professional areas, to operate effectively in work and community situations and to be aware of their environments. It can be relevant to both large and small organizations. These professional issues not only need appropriate technical knowledge, skills and experience but also require a broad understanding of the context in which they are operating like in which they are working (Lurie and Mark, 2016). One should always be faithful towards the organization. As they are working with Reaper (web technology) ethical issue relating to the misuse of computer and the internet and the information related with the customers identity. As a worker of the organization, there should be good relationship between you and your client (Wirawan, 2018). Being in an organization we have to deal with many things and in that situation we have to act our best like bring our best foot forward. Managers and directors always look for these types of people for their organisation which is best for business.
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2.3 Employee and Social factors Reaper is an integrated demographic database with a web front end that gathers information i.e. name, address, age, occupation, marital status, hobbies, annual income, etc, from people entering competitions with the incentive of winning a holiday for two in Fiji, for example. So it us who have to take care of the customers and other employee who are in lower orders or post. As it deals with the information of a customer, it’s important that by any means the information should not be disclosed to anyone by any means or by any employee. The employee should not misuse the information given to them or in future it will give a great impact on social and society people will not reveal their identity in any kind of web sites and technology (Buil, Catalán and Martínez, 2016). There is also one thing in a society or people now-a-days are attracted towards offers various kinds of offers so reaper deal with packages for the last 25 years, Firestone business which includes Reaper (we technology) has been and will be creating promotional campaigns (win a car, a boat, a holiday and much more). In addition to helping clients through obtaining the demographic information is a potential income stream for Firestone. The organization Firestone organize many events for the society so they can encounter many people form the society and it was also important for the organization that the people should not know about the reason behind giving those packages so the employee must not disclose any kind of information into the society. An employee Sophie was hired and her contract of engagement in which her payment terms were agreed, she also signed a legally binding Non-Disclosure Agreement, mostly all the employees have to sign. 2.4 Personal Factors Being working for this organization firestone I should have some qualities so that they have hired me for these posts or given a job to me. For us our background details play an important role in getting a job and sometimes experience always plays a great role in getting a job. One should always be sincere towards his work and responsible for the thing what we have done. The relationship between an employee and the society (peoples) should be simple and they should know what you are trying to say. Richard Blaine, the senior partner and co-founder of
Firestone, and Alex McLaren, the 32 year old Firestone executive in charge of the project should also be responsible towards their personal issue should not impact the relationship between them and employee. Their personal issue can be impactful for the organization and can also impact the moral of the employee. Our personal factors also depend on our environment with whom we are living with our surrounding and thus our environment also plays an important role in our nature. Since our personal factors are those acquired from social environment play a great impact in getting a role in that organization. The personalities areofgreatimportancethoughthedegreeofdifferentcandidatecanvarybuttheir personalities state their presence of mind their character and it play an important (Brečić, Mesić and Cerjak, 2017). Being an employee more than 50% of the work are done by us so our presence of mind and strong minded people are needed for the company these is where personal factors are needed. 2.5 Intrinsic Factors As we go through the case study we found out that there is an organisation name Firestone, in that firestone organisation there is web technology going on Name (Reaper ) that contains the information of all the customers even their client and employees so if anything happen the blame would be on the co-founder and executive manager of the project And Sophie Ryder who is a self-employed IT Development Consultant, recently hired by a mid-sized advertising agency, so for avoiding this problem the head of the organisation have to play an important role in recruiting the employees so that no illegal problems or ethical problem arise and workers can work peacefully. But as we go through the case study we have found out that somewhere in the organization the employees were not given their money of the work they are doing, as a employee I should advise that this should not be done or else there could be problem with the employee and they may come up with some unethical way and some money related policies. The relationship between a higher post and lower post should not impact on their work any jealousy. Illegal way of promoting business or giving offers that is not acceptable in anyways must not be acceptable by clients or any other companies which are in race (Bammens, Notelaers and Van Gils, 2015). They will need to find a way of overtaking the organisation in some legal manner. So it’s important that there should not be any intrinsic factors affecting the organisation.
2.6 Prioritisation FactorRelated Issue 1Ethics policy determinationInconsistentmannerof ethical policy adherence 2Finding talents with technical and Web development Workers should be highly skilled and should have a subject (computer in their studies) 3Their investment in making the web Technology. Ifwedon’tmakean investmentlistthenit would be a problem 4No of workersIts moistly not an important priority as it is an technical work so 1 person can do lots of things 5Misuse of the company names and Its value. Personusesorganisation names to gain advantages and names .people having higher position in a society is like an alpha. 6Degree mostly needed MCA or MBAThesestudentscoming fromtechnical,ITand managementbranchare givenhighprioritythan others
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2.7 Decision The first and foremost important factor within the organisation is justified to be ethics policy termination since there has been an issue in ethical consideration of the organisation. By evaluating the table provided there can be a clear understanding of the factor that investment in making the web technology success is proved to be important. Potential investor if do not agree on supporting the organisational process may relate to the related issue of investment making. The factor of finding talent within the organisation to deal with technical issues within the web development process Is placed at this second important factor of the priority list. In the case of finding talents within the organisation for technical web development, therecanbeasituationwhichleadstoinappropriatefulfilmentofskilledworkers organisation. The consideration of understanding the importance of company name and value has been placed at 5th important factor. Since the understanding of the trademark must be kept on a serious note.As a worker for that company I must say that in my working experience till now is one of a good organisation as a youth I must say people are now attracted towards these types of company ( IT, web development, sociology ). These are now trending in towards society due to their works progress and what mostly important is that the packages now available for the client, employees and customers. Peoples are attracted towards it because deep down a company knows what to or what not to and it make peoples lean towards them. A organisation like these also deals with difficulties like technical issue, web page problems, sites not opening and some employees who misuses these types of company and make the company marketing go lower in . 3.Discussion The entire scenario of Firestone Associates reflects violation of ethics, law of company in various aspects. The Reaper which was a project to be handled by Sophie Alex and Richard was a marketing database system mostly dealing with the information of the client your potential customers. A firm that makes its employee sign non disclosure agreement to avoid lossandtheftofinformationorevenpassingoninformationtoanyotherbusiness organisation, it’s one of the most senior founder tell the client list to an institution without
even doing any research totally based on a random phone call. This has been a major dilation of professional Ethics. Keeping in view consequence of this action, it can be said that action has been detrimental for the social security demeaning the social ethics. Another attention grabbing situation was when Alex does not remain satisfied the position of reaper but also goes on making his own agency, exploiting the client base, resources of Firestone, violating intellectual property right of Firestone and also forming a strategic relationship with Sophie to gain benefit in his own favour. This is not only violation of ethics but also declination of basic morality and immense lack of professionalism as well as personal moral judgement. Every aspect of the ethical violations in the case study has been an important aspect requiring attention. It not only Open the eyes of layman while giving proper implication of ethics in a healthy and effective business but also leads us towards certain consequences that may take place due to following this kind of an ethical and professional action in a business over the time. The role of the organisation irrespective of operational domain or industry is to serve the society meeting its needs and giving them good quality of service. What happen in Firestone Associates clearly reflects how personal motive, benefits And reckless decision making without having proper business acumen and mass social welfare can be detrimental for not only the society it was serving but also towards its own personal growth and development. The reputation of the firm reaching to the local as well as global market was quiet long lasting then its whimsical unethical and selfish acts executed by some of the higher authority members. Needless to say, it has disappointed note of the customers of Firestone Associates whose personal data even though was promised to be protected, in reality it was made openly unsecured and sold to third parties. The entire scenario reflects violation of law and ethics on various grounds leading to declination of its quality of service, brand image as a whole. 2.Conclusion on Analysis Fromtheaboveconceptofunderstandingreviewsrelatedtolegal,professionaland Employment factors there has been well aware in an organisational development opportunity. By properly understanding the case study provided we have understood and enabled others to evaluate the personal factors and the intrinsic factors that needed to be gathered for preparing a Priority list that help in decision-making process for the future development of business work.
3.Lesson learnt from the course 3.1.Technology Ethics Technology ethics refers to development as well as application of theory of ethics in the field of electronic, mechanical, information technology. The broader concept revolves around highlighting relationship of various technological aspects with the human well being and values. Technologyethicsisanimportantaspectofproductionasithelpsinassessingthe repercussions of certain advancement in technology and its effectiveness in that production process (Jagger, Siala and Sloan, 2016). Application of ethics in technology helps in developing a proper culture of responsibility, trust and integrity that confirms excellent use and allocation of resources. It is also important in order to maintain confidentiality and protection of information, promotion of privacy and elimination of unauthorised access ultimately consolidating prevention of forgery and conflicts (Ferrell and Fraedrich, 2015). Most efficient ways to handle ethical dilemma related to technology would be to create a vigilance system within the workplace or the production domain. It is also important to let the employees know about the related laws crew training and workshops. Employees are bound to maintain the law and keep clothes check off the network security in order to avoid conflict. 5.2 The Ethical Technologist Technological with its applications not only bring advancement but also evokes various concerns related to security, health and safety, privacy etc. Infringement of copyright:Information technology has revolutionized the access to artefact, information from any corner of the world at a given time. The scope of sharing and accessing easily has led to a risk of copyright infringement that people not only can access others work
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but also violate their ownership on the credit of the creators which can be an issue for the organiation. Security: Information Technology Services deals with application of various computer systems and networking based on internet. The incidents of hacking, Cyber crimes etc are growing concerns in recent times. They expose the IT firm to huge risks of data loss, loss of information, money etc. This can severely impact the business growth of the firm (Pedersen, Rosati, Lauesen and Farsang, 2017). Privacy Issues: Extensive use of Information Technology often leads to a major risk of violation of privacy moving towards open and wide platform to share and exchange information (Trilling, 2018). Lack of proper technical knowledge will impose a threat on the production of the company making it exposed loss of privacy in important information, business activities within the organisation etc. Digital divide: opportunity information in shipping as well as Industries throughout the world are huge. But this benefit is not equal all throughout the world as the less developed countries cannot derive benefit at par with the developed countries having two limitation of resources, lack of knowledge, proper training etc (Goworeket al.2018). 5.3 Habits of the Effective Technologist In order to these risks and threats associated with information technology it is important for a company to have ethical Technologist who will not only try to provide the solution ethically to a technological problem but also protect the entire system from any kind of contingencies. Keeping in mind the increasing relevance of Technology in the business process today it is important that the Technologies abide by effective habits make the operation seamless. An effective technologist should ensure elimination of Technical jargon as much as possible from the presentation of business true focusing on the code importance of applying certain Technology in the business over following the trend blindly (Bryson and Winfield, 2017). It is important for a Technologist to be aware of the company functioning Hein be present in all the meeting and take part in the finance related decisions anything. Communication is one of the important habitual aspects of the technologist that determine the effective application of Technology within the business process (Goodyer and Frater, 2015). Making simplified sophistication, having customer empathy and connecting with professional true emotional
intelligence are important practices for technologies to have in him. Competence of the ethical technologist totally depends on is his skill sets and also the ability to impart those knowledge to the Employees for its effective application (Cenkner, Sonnenberg, von Hauff and Wong, 2017). 5.4ACS Code of Professional Conduct Any business organisation it is important for its employees to follow certain codes regarding their conducts, ethics. ACS refers to certain code of professional conduct which is also the part of regulationof the society.EmployeesAssociatedwith informationtechnology, technology, community Technology services are called ACS members who are subjected to follow this regulation of judiciously. This code of conduct has certain legal relevance regarding the standards of the professional and any violation to this regulation can be claimed as professional negligence (Goldberg, 2018). Some Important values associated with ACS are:PlacingPublicinterestasprimary,enhancingthequalityoflife,competence, professional development, honesty and growth of professionalism in behaviour. Rigorous following of the codes of conduct specified in ACS adds on to the professional environment of a business organisation consolidating its employee performance and ultimately its annual growth (Habash, 2019). 5.5Ethical Issues of the Information Age Modern business phenomena is rightly the age of information where almost each and every business companies are dealing with data information there collection, distribution storage protection etc. installation of enormous computers, in wire wiring and has allowed seamless and quick access share of information from any point of time and place in the world. This has certainly highlighted major challenges coming from the system itself. Privacy is being the most important issue that it is being disrupted because of ease in the information technology.. Infringement of the rights of the producer, creator a certain product, system, goods and services has been another ethical challenge in this information age (Ferguson, Thornley and Gibb, 2016). Cyber crime, hacking, cyber stalking, cyber theft etc has been extremely Serious concern highlighting the importance of security in information technology system.
5.6Thinking Machines In the age of amplified technological application there is a tendency of replacing human by effective machines. From this module I have been able to learn how important still human being is in the operation of a business organisation irrespective of the higher quality of the Machines used in the production system. It is true that Research and develop is leading towards producing machines that can think on behalf of human and make accurate effective decisions for the business (Laudon and Laudon, 2016). Needless to say this has been one of the important reason for global decline in the employment mostly in the technological sectors. Where in the beginning every business organisation employee uninstall Advanced Technological equipments to accelerate its growth of revenue, profit etc there eventually leading towards a system where effective machines can contribute maximum to a business operation replacing the need of human presence which is detrimental as well as dangerous for the human society’s economic and social wellbeing (Anderssonet al.2018). 5.7The Common Denominator Common denominator in business refers to a special aspect feature at is present in almost any kind of business all over the world. The most commonly shared element is the client with Automotive of the business. no matter how when a business organisation delivers its services, all at low prices it will be in material if the business organisation lacks substantial clients or customers. Only when there exist substation number of customers the market demand for the company's product becomes and which is called the essential element determining the supply of the production of the business organisation. Without the presence of clients the firm cannot generate proper revenue for achieve itsprofit motivefurther discouraging the capital accumulation and ultimately the expansion of the business in the long term (Linnenluecke, 2017). In order to attract more than it is important for the form to not only attract them by providing good quality of services but also to certain their faith in the services and its quality produced by the company. Important strategies related to retention of the client, building proper communication and networking attention, component to ensure stronger common denominator of a business.
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5.8AI and Human Potential Even do artificial intelligence has received enormous Hype in its ability e to make the business processing effective it should not be forgotten that it is results of Research Development and scientific application of knowledge by human only. So there is no need to think artificial intelligence to be superior to human rather it can be addressed or treated certain way so that it can enhance the ability of human performance and their effectiveness along with its own (Brynjolfsson and Mcafee, 2017). artificial intelligence is actually a component that helps in intelligence augmentation as well as extension of as well as extension of human capabilities true sensing human emotion, cognitive capability, intelligence, emotional intelligence, psychological responses etc. when a machine instead of just giving output based on the input start giving its own expert decisions based on its artificial intelligence component thinking, sensing understanding realising then the output becomes both qualitatively as well as quantitatively way stronger (Amuna, Al Shobaki, Naser and El Talla, 2017). 5.9Final Comments (optional) The course has been very enlightening in a way allowing me to learn the importance of ethics and its wider application in the business and commercial world of modern day. This course has been a source of immense knowledge about the wider applicability of ethics, its nature, and importance in a business setup specially in designing solution addressing certain crisis that appears in a business organisation. I have learn from this entire discussion that how ethicsimprove processing of a business organisation specially informationtechnology industry and deal with various factors such as legal, professional, social, personal to ensure a culturally rich and productive workplace environment avoiding confliction, dishonesty the etc. 4.Conclusion From the above discussion it can be concluded that ethics is an integral part present in almost every domain of a complete business system. Application and following of rules and regulations codes and conduct are related to ethics, that make the operation of a business
more productive and avoiding any major conflict and issues. A business organisation operating in information technology industry needs to have ethics as effectively in force system within its every domain especially that deals with the legal, professional, social employment related factors. The entire courseof the role and implication of ethics in maintaining business competence, analysis and discussion of the effectiveness of moral have been enlightening adding two to the knowledge and experience of a business organisation. Ethical conduct on decision making has well brought changes that has led layman trying to gain knowledge on the operative system.
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