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Sustainability and Ethics in Business Organizations

   

Added on  2023-01-19

8 Pages1685 Words36 Views
SUSTAINABILITY AND ETHICS 1
SUSTAINABILITY AND ETHICS
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SUSTAINABILITY AND ETHICS 2
Regulations, the law, and ethics in business
Ethics in business organizations is professional conduct that is used in examining the moral
values experienced within the company (Grace & Cohen,2015). In this sub-topic I learned
business ethics are relevant to an individual's behavior and the whole business organization. The
high standard of ethics in business calls for self and business to sound moral values. Ethics play a
crucial role in any business organization to survive. For example, if a business organization
makes its profits by misconducts like consumer fraud activities, then its life might be short-lived.
Secondly, I learned embracing Law in business is useful in regulating its boundaries within the
ready policies within the business environment. It's evident to me that the link between the
business individuals and the state is under the regulations and rules that govern their operations.
These laws overwhelm litigations, contracts, acquisitions, formation, commercial leasing,
mergers, and consumers' protection.
Regulations in a business organization entail the compliance with state, local statues and federal
and other rules administered by the legislative institutions and conducted by the regulatory
agency. Various regulations will affect how the business enterprises pay taxes, income, and
disposal of excess waste products (Medeiros et al. 2017). For example, if I establish a business
today in United states I should be to adhere to their patch work of the local, state and regulation
federal meant to balance the interest of public and that of business organizations.

SUSTAINABILITY AND ETHICS 3
Demonstrate an understanding of the organizational values that support ethical decision
making.
Business ethics has as well given me an opportunity to comprehend how the ethical decision are
supported by the organizational values. For instance, organizations are able to develop concise,
shared and transparent beliefs or values, directions, and priorities so that every employee can
take part in making ethical decisions. Costs can affect every aspect of an institution (Ferrell,
2016). The organizational values play a significant role in describing major principles and ethics
which the business institute should abide with. These values inspire the efforts made by the staff
as well as constraining their decisions. The value of integrity is one of the organizational value
that enhances ethical decision making. A business organization with a high level of integrity has
a higher performance since it can retain and attract suppliers, investors, employees, and
customers concerning (Schwepker & Schultz, 2015). Organizations with high integrity are
unique in making their decisions since it plays a more significant part in permeating the aspect of
the ongoing operations within the organization. Avoiding discrimination is the next
organizational value that underpins ethical decision making. As a manager, perceptions in terms
of race, age, disability, and gender should be avoided by rearranging the various kind of jobs to
fit different groups in society. The business institution that shows any discrimination primarily
when recruiting the employees will have a bad reputation in that particular country. Respect is as
well the other value which should be embraced by an organization like a superior person; I
should treat the employees with dignity (Karaosmanoglu, Altinigne & Isiksal, 2016).

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