Importance of Business Ethics and Ethical Decision Making

SBM3204 – Sustainability and Ethics

Part 1: The business ethics or the professional ethics, laws and the regulations are important for
the organization to encounter the different situations where an individual needs to make ethical
decisions. They are the areas of study to address the moral concerns of organization. The
governing employee relations need to be acknowledged with ethical and legal concerns that deals
with the firing and hiring of employees. In US, OSHA and Equal Employment Opportunity
Commission have been working in the roleplay for addressing the employees and the relevant
area of ethics. The governing customer relations are set with the law where the organizations
might treat the customers (Schwepker, 2018). Hence, there are arguments about ethical
principles and what makes the business successful. The laws have been arising for properly
enforcing the ethical treatment for the customers and ensuring about the product quality. With
this, the organizations have been massively working on ethical rules and standard where the
corporations and professional organizations are licensing the boards with the written code of
ethics. This is mainly to govern the standards of professional conduct that has been expected into
the particular field.
Part 2: For an organization, the ethical standards are important for the environment that are
mainly accepted to the different people. It has been seen that majority of the people accepts as
good and they behavior without imposing any rules and regulations. With this, the ethical
thinking also involves the intricating procedures that are important to consider the major impact
of actions on individuals and institutions. The management needs to work on closely working
together on the project where the individuals generally compromise with their own valued for in
favor to the group (Kangas et al., 2018). There are advisor development programs to address the
ethical issues and the role culture to make the ethical decisions. With this, we need to understand
that the values are mainly acquired for childhood and that they manifest themselves based on the