Values and Ethics: Determinants of Decision Making and Organizational Culture

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Values and ethics

Values and ethics
(Essay on “Values and ethics are determinants of decision making and organization
culture)
Ethics is an effective and dynamic system of moral rules and principles while
values are the stimuli people thinking. The primary motive of this essay is to discuss
about the ethics and values of the organization. The significance and role of code of
ethics and values have been explained in the task. Some companies such as
Wesfarmers, Woolworths, Telstra, and Coca Cola Amatil have been taken to explain the
important of ethics and values. The core values and ethics ensure that the companies
are able to fulfil the basis requirements and needs of the country and community by
working within the structure of the society. The ethics and values are fundamental
concepts because it helps the business to perform business in a hassle free manner.
The paper discusses that how values and ethics help in decision making and culture in
the organization. Furthermore, the essay also highlights the advantages of maintaining
values and ethics in the business. More detail of the task has been discussed below.
Values determine whether what is wrong and what is right in the organization.
Values are considered the individual beliefs and attitudes that encourage people to act
one way or another. They serve as a guide for human behaviour. On the other hand,
ethics or moral is a branch of philosophy that includes a systematizing, suggesting and
defending perception of wrong or right conduct (Reamer, 2013). Ethics is considered
the moral principles that govern an individual’s behaviour or regulating of an activity and
a branch of knowledge that manages and deals with moral. Values and ethics play a
significant role to maintain a favourable culture in the global market. The values are
significant because they help the people to develop and grow. They also help the
people to create the future widely (Parrott, 2014).
Apart from this, values and ethics also help in making unique and effective
decisions in the global market. The values and ethics provide a clear direction towards a
particular objective or purpose. Values may be defined as the customs, acts, and
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Values and ethics
institutions that a group of people regard in a favourable way. The values can be good,
bad, right and wrong. On the other hand, ethics refers to a branch of rules that explains
acceptable conduct in a community (Lefkowitz, 2017).
Furthermore, ethics serve as a guide to moral daily living and helps people
whether people behavior and attitude can be justified and effective. The ethics are
associated and interconnected with truth, equity, fairness and honesty. Ethics refers to
community’s sense of the right way of living people daily lives (Schein, 2010). It does
this by setting principles, rules and customs on which people can base their conduct.
With the help of ethics and values, an organization has been able to gain competitive
benefits in the international market. In addition, ethics succeeds law and regulations in
safeguarding the community. All types of decisions can be taken with the help of ethics
and values in the organization. Furthermore, it also helps maintaining favorable working
environment within the organization (Crane & Matten, 2016).
It is noted that the foundation or formation of ethical decisions making includes
balance and choice, it is a guide to discard bad choices in favour of good ones. The
significance of ethics to business is just because the values that people use to develop
and handle company’s need and requirements to be rooted in strategies and ethical
decisions (Trevino & Nelson, 2016). The principles of ethics include truthfulness,
nonmaleficence, confidentiality, autonomy, justice, beneficence and informed consent.
The ethics in the organizational culture is significant and effective as it both act as a role
model for the workers and can also directly affect the attitude and culture to improve
and enhance the performance and efficiency of the organization. Ethics and values
provide a system of principle or rules that guide people in making decisions in
enormous circumstances. Aside this, ethics also play a significant role in conducting
code of conducts within the organization. The ethics and values also help in overcoming
the competitors in the global market (Goetsch & Davis, 2014).
It is analyzed that ethical culture of a company provides ample of information
about the values of the firm. Ethics codes are one way to disclose the prevailing outlines
and values to accomplish the goals and objectives. The management also influences
the ethics and values of the organization. No company can grow and survive without
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