Sustainability and Ethics

Running head: Sustainability and ethics
Sustainability and ethics
Name of the Student
Name of the University
Authors Note

Running head: Sustainability and ethics
Every business has a standard of ethics which lies beyond the legal framework of the
law and legal proceedings. Establishment of business ethics refer to the following of one’s
cultural practices. Thus business ethics erupts from the values and social norm laid down in
ledger of the company. Laws and regulations of business lays an importance because I think
it connects the proceedings of the business with the needs of the community. business
regulations related to employment or insurance provides the employees with required
amount of security and thus fostering faith and believe within the business environment. The
business regulations erupt from the basic moral drives like, basic fair competition, sufficient
protection for the employees and other stakeholder in the market. laws, regulations and ethics
are forms the pillar of the organization because they determine the regulatory requirements of
the business. These three important elements are inter linked and also interdepended. If the
business ethics are in place, the business organization will also enact regulations that will
ensure safety and security od the employees and the related stakeholders of the companies.
For example Australian business regulations like Australian Business and Environment Laws
not only exists to treat the consumers but it also works to promote fair trading and
competition premised on the sustainable development model. According to the legislation of
state and territory environmental protection act, there are specific laws that will enumerate
protection and prevention clauses under specific business activities. These laws and
regulations are related to the business ethics because applying business ethics in an enterprise
refers to the application of cultural moral standards, that ruse above the legal statues. The role
of the business ethics is very important because it ascertains whether decisions or conducts
are appropriate. The purview is not just limited to the business environment but also the
society as a whole. Therefore it is very important to set the ethical compass right and then
formulate the rule and regulations according to it.

Running head: Sustainability and ethics
Every enterprises has a deeper organizational values that influence the performance of the
organization. Statistically speaking there is correlation between organizational value and
performance factors. The organizational values serve as a guideline for which every
employees, this is because the organizational values represents the organizational culture.
The values pertaining to the organizational culture not only focuses on the lives of individuals
who work as an employee but also it determines the identity of the organization. The
particular strategy that one business takes determines the business identity in the community.
I think both business ethics and organizational values, together lays the foundations of the
business. Ethics refers to the set of rules that govern the nature or the behaviour of the person
but vales are the set of beliefs because of which the employee performs in an organization.
Even though these may sound as disparate entity but they are inter related (Munsie et al
2017.). The organizational culture is based on the values and these values are created with the
repeated interaction between the members of the organization. Decision-making though a
routine practice can face the ethical dilemma. The foundation of the ethical design making
involves the choice and balance premised on the organizational values. I think for the
organizational values to be truly comprehensive, development programs must address the
ethics and role-culture that plays an effective part in the ethical decision-making.
Organizational values are integrated into the personality of the company, which gets reflected
in the process of decision –making of the company. In this way the organization aims to
shape the means and goals of the business.
As I think a business enterprise needs to face several environmental factors which can
affect the day to day proceeding of the business. Since the political factors has got the power
to change it can create impact in the business in many ways. For example, increase of
decrease in tax may affect the decision-making power of the business; government