Applied Ethics Week2 - Complete (3) 1 page essays needed in 24 hours or less (APA format)

The goal of this discussion is to list reasons for managing ethics in the workplace.  Based on the list, one will evaluate and discuss how ethical management benefits a company.

1.     Ethical guidelines allow an organization to identify, monitor, and respond to the needs, values, and expectations of different stakeholder groups (Farrell, Fraedrich, & Farrell, 2017. P 30).

2.     Ethical practices protect the company’s reputation.

3.     Training in ethics outlines appropriate relationships, obligations, and duties between organizations and their stakeholders

4.     A positive ethical environment builds trust among the company, the employees, and the stakeholders

5.     Ethical leadership allows managers to influence employee’s behavior (Trevino & Nelson, 2017. P 16).

6.     Practicing good ethics builds accountability among the corporation.

7.     Knowing the ethical climate of a company builds an understanding of allowed behavior.

8.     When a company has an ethical culture, it creates comradery amongst the workers and promotes teamwork.

9.     A company gains confidence when it maintains an ethical climate.

10.  Training in a company’s ethical expectation provides guidance on the direction of the company to prevent damage (Cameron, 2006. p 318).

     In conclusion, managing ethics in the workplace is beneficial throughout the company.  By creating an ethical culture, confidence in leadership, its employees, and stakeholders grows.  The more confidence a community has for a group, the more value it holds in the area.  This value, in the end, serves to create profit for the corporation. 

References

Cameron, K. (2006). Good or not bad: Standards and ethics in managing change. Academy of

            management learning and education. 5(3).

Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2017). Business ethics: Ethical decision making and

            cases. Australia: Cengage Learning.

Trevino, L. & Nelson, K. (2017). Preface.  Managing business ethics: Straight talk about how to

            do it right. Massachusetts: John Wiley and Sons.