Ethical Issues in Business

A situation that requires a person or an organization to choose between alternatives that must be valued as right or wrong.

I personally believe that every company should have a company’s guideline  that should explains how all employees should act if an ethical issue were to arise.

Essential Ethical Issues and how to deal with them:

In the complex global business environment, companies of every size face many ethical issues , businesses have to act responsibly.  

Fundamental ethical issues include:
 

• Trust and integrity,
• Lying to supervisors
• Falsifying records
• Alcohol and drug abuse
• Stealing or theft
• Violation of company policy

But more complex issues include diversity, decision-making, compliance and governance

Diversity:

 There are many different cultures and people of every culture should be treated with respect, an ethical response begins with employing a diverse workforce and equal opportunity should be given to every person irrespective of his or her culture.

Decision-Making: 

Decisions are generally made on the basis of facts obtained by identifying a problem but ethical decision made are fair and focuses on protecting employee and customer rights

Compliance and Governance: 

There are various rules and regulations to govern a business and every company is bound to follow all such rules such as environmental laws, federal rules and regulations, fiscal and monetary statutes, employee protection etc. 










with respect to governance every director, officers, persons responsible for running the business should carry on the business with Fair Business Principles and Policies.

Reference:

http://smallbusiness.chron.com/list-ethical-issues-business-55223.html