Importance of Ethics, Values, and Collaborative Working in Organizations

Values Ethics
and Working
Collaboratively

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK ONE – NEWSPAPER ARTICLE........................................................................................1
(A) Meaning of ethics along with its influencing factors ..........................................................1
(B) Importance of workplace ethics in the organization.............................................................2
(C) Laws formed by UK that promote good ethical practices in the organisation.....................3
TASK TWO ...................................................................................................................................4
Obligations towards the society..................................................................................................4
TASK THREE ................................................................................................................................6
(A) Meaning of Collaboration working......................................................................................6
(B) Strategies to be used in respect of work collaboration.........................................................6
(C) Guiding Values.....................................................................................................................6
(D) Interpersonal Skills required for collaborating work............................................................7
(E) What are the benefits of collaborative working?..................................................................8
(F) How would you promote equality and diversity in the workplace?......................................8
(G) How are British Values embedded into collaborative working?..........................................8
(H) What are the consequences poor collaborative working?....................................................8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Ethics in the sense of business is defined as work done with due diligence followed by
moral duty in order to enhance the abilities of an individual to contribute their best towards
organizational goals. On the other hand, value is considered as guide which is required to be
adhered by the organization to attain mission and vision of the company. In simple words, ethics
focuses on morality while values are the principles which guide in respect of what is important
for the organization. Whereas, working collaboratively means doing work together towards
common goals, benefiting the organization (Rescher, 2021). Working collaboratively by
following ethics and values are considered important as they increase the morale among
employees to achieve the desired goals. Thus, the report examines the role of ethics, values and
work collaboration which need to be practiced by the organization in order to meet its objectives
effectively and efficiently.
TASK ONE – NEWSPAPER ARTICLE
(A) Meaning of ethics along with its
influencing factors
In the modern era, the concept of
ethics is evolved in every aspect. Ethics are
the moral duty which need to be followed
precisely and when such ethical behavior
causes significant benefit to the business
they are called business ethics. These
provides guidelines in order to gain public
as well as competitive advantage in the
organization. Business ethics helps to
implement the strategies and policies
formulated by the organization effectively.
The ethics ensures that strong relationship is
maintained between consumers and the
organization and also ensures that
consumers are treated impartially.
Accordingly, business portrays their ethics
in various innovative ways so that trust is
maintained among the consumers. For
example, TOMS organized the training for
birth attendants and helped 25,000 women
in delivering their baby safely.
While some companies continue to
entertain their unethical practices reflecting
their immoral behavior which ultimately led
to trust issues among the consumers. The
unethical behavior followed by the
companies are deceptive practices, illegal
activities, working contrary to local culture
etc. (Koide, 2018). One of famous example
of the organization which is involved in the
Corporate Scandal is Barclays Plc, a British
multinational bank, engaged in offering
1

financial services. Barclays plc in its
statement admitted its unethical practice by
manipulating LIBOR (London Interbank
Offered Rate). The company manipulated
the bank to bank interest rate by lowering
them down in order to take maximum
advantage from the fluctuation occurring in
the market by eliminating the risk of
negative image of the company during its
bad financial phrase. The scandal not only
affected the London banks and the business
executives but also the others who have
invested their interest such as student's loans
etc., were affected as LIBOR's interest rate
is used worldwide.
(B) Importance of workplace ethics in the
organization
Ethics are utmost important in the
organization in order to achieve better
performance along with positive image
(Royal, 2017). Such ethics are required in
the workplace to carry out desired goals
effectively. Some of the importance of
workplace ethics are as follows: -
 Creates Positive Ambiance: These
ethics creates a positive work
environment in the organization.
Such help them to keep their
employees happy and motivated
towards the organizational goals.
Further it helps to eliminate trust
issues and develop loyalty among
employees towards the organization.
 Build Employment Relations: It
helps to maintain employment
relations in the organization in order
to achieve its goals effectively and
efficiently. The ethics also allows the
prompt use of common rules in
respect of employment law. Further
creates transparency in the relations.
 Increase The Morale of
Employees: The ethics aims to
motivate the employees towards the
organizational goals. These helps to
develop trust and strong bound
among the employees towards the
organization (Erkol, 2018). The
moral ethics need to be adhered by
the organization in order to make the
employees to stand by at the time of
crisis.
The importance of ethics in
organization is further cleared with the
below example which portrays the negative
experience of the Barclays Plc. The scandal
adversely affected the ethical behavior of the
bank and further shed the image which was
created by the bank over the years. The
unethical practices which raised the question
in respect of the organization as most
unethical bank of UK are: -
2