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Capella UNIVERSITY Ethical issue identification Unit 2 Assignment 1 Pamilton, Saundra 4/25/2016

Unit 2 Essay

Ethical issue identification

Different issues affect companies and thus affect their operations. These have to be identified and remedies put in place for its performance not to be affected. The various ethical issues affecting companies are conflicts of loyalty, issues of honesty and integrity, whistle blowing bribes and conflicts of interest. These affect the business environment. (Harman et al 2006)

When one enters a business world, they find themselves involved in situations, which will call for behaviors appropriate. One would have to differentiate a bribe from a gift. One would encounter situations that deal with risk of conflict of interest. Sometimes you will need to choose between loyalty to your friend and family or your employer.

Question 1

Importance of resolving ethical issue

There are different advantages to resolving an ethical conflict. Taking into consideration the issues and solving them improves the performance of the company (Lo 2013). Ethical issues include.

I. Having a conducive working environment

II. Working like a family with love and sharing among employees and employers

III. Having a bribe-free company

IV. Having a conflict free company

V. Working in a personal interest free environment

VI. Having loyal employees

Question 2

Current ethical issue affecting companies is bribes. This is because employers and employees cannot differentiate gifts from bribes and cause of the high economic time people live in. bribes is a good example of ethical issues today since bribes is rampant. People are ready to offer bribes to retain position or climb ladders.

Question 3

Financial ethics should be given an organizational policy response. This is because this is a sensitive sector in the organization and can affect its operations hence needed given right measures. Arrangements with other companies must also stop if any illegal to avoid unhealthy competition.

Question 4

Environmental ethics is one specific ethical dilemma that corresponds with larger issues on a regional, national or global level. This certainly comes because ecological morals are the order in logic that studies the ethical relationship of individuals to, furthermore the worth and good status of, the earth and its non-human substance.

Conclusion

Ethics is an important aspect in the business environment as it is a determinant on various aspects of the business. Ethical differences such as cultural differences can lead to problems in business addressed. Thus, it is always advisable to have remedies and measures for ethical issues. Ethics affect decision making in the business. Ethical decision-making affected by different myths. These affect the businesses performance. Remedies put in place to curb this before it gets far enough to cripple the business.

References

Harman, L. B., & American Health Information Management Association. (2006). Ethical challenges in the management of health information. Sudbury, Mass: Jones and Bartlett Publishers.

Lo, B. (2013). Resolving ethical dilemmas: A guide for clinicians. Philadelphia: Wolters Kluwer/Lippincott Williams & Wilkins.