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Importance of Ethics in Decision Making within a Business Organization

   

Added on  2023-03-17

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PROFESSIONAL ISSUES ASSIGNMENT: PART 2
Importance of Ethics in Decision Making within a Business Organization_1

Table of Contents
1. Introduction:........................................................................................................................2
2.1 Legal factors.....................................................................................................................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
5.4 ACS Code of Professional Conduct..........................................................................11
5.5 Ethical Issues of the Information Age.......................................................................11
5.6 Thinking Machines....................................................................................................12
5.7 The Common Denominator.......................................................................................12
5.8 AI and Human Potential............................................................................................13
5.9 Final Comments (optional)........................................................................................13
6. Conclusion........................................................................................................................13
6 References.........................................................................................................................15
Importance of Ethics in Decision Making within a Business Organization_2

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
help in determining the effective operation of legal, 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 Legal factors
Legal factors these are external factors it shows, how the law affects 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
Importance of Ethics in Decision Making within a Business Organization_3

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.
Importance of Ethics in Decision Making within a Business Organization_4

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