The study of business ethics focuses on the moral and social responsibilities of a business. In other words, it seeks ways to stay both professional and transparent in the 21st century.
Business ethics essays often discuss controversial topics. Examples include:
Below are excellent argumentative and reflective essay examples on business ethics written by strong A+ students. Take a look to get some new ideas.
Correctional facilities can prevent unethical behavior in the workplace by hiring people whose primary motivation is not personal gain, giving satisfactory wages, encouraging workers to develop professionally, training staff sufficiently, implementing an ethics code, rewarding positive changes, punishing violators of ethics, and adopting external review processes. Although ethical frameworks have...
Code of ethics is an important part of every organization. Its primary purpose is to lay out acceptable behaviors and rules that all professionals should follow in their career paths. It also acts as a principle that helps specialists run business activities with honesty and integrity. There are various associations...
Abstract Coca-Cola is a large international company that owns several brands in the market of non-alcoholic carbonated beverages and produces and sells its goods on a global scale. Its recent market performance in Ethiopia has become a trigger of significant legislative, economic, and ethical concerns for the international community. The...
Scenario Analysis The concept of ethics is a system of norms of moral behavior and responsibilities of people about each other and society as a whole. Labor activity is one of the leading types of human activity. Being in different situations, a person performs actions in the labor process, constituting...
Abstract The transitions in contemporary civilization necessitate implementing and complying with a moral code of conduct. All employees are highly regarded in business communication ethics, regardless of social status, training, or age. For example, Apple faced criticism for its supply chain’s labor practices following an unbelievable inquiry that discovered additional...
Introduction Nowadays, shareholder profit maximization has ceased to be the only goal of well-known public companies. Over the past few decades, corporate social responsibility (CSR) has also become a priority (Sigel, 2021). According to Bateman et al. (2020), the concept of CSR stands on four pillars â economic, ethical, legal,...
How Wells Fargo Incorporates Its Issue-related Values Organizations are mandated to operate in accordance to communities values and since Wells Fargo is a customer oriented company. Hence, its mission has to be aligned to the customers needs. The company expects its team to maintain the highest standards of business standards...
Introduction The principles are related to the wrong and right conduct within individuals or groups. Ethics helps people in developing principles and rules that acts as guide to meaningful decision-making. It is a form of professional ethics in a business environment(Ferrell et al., 2018). Business ethics examines the moral and...
Introduction Ethical behavior is an essential aspect of business growth and development. Corporations establish business ethics to promote integrity among their employees and improve shareholders’ trust, such as investors. Well-implemented ethical standards lead to business growth and are essential in the business operating environment. Ethics drive employee behavior and benefit...
Situation Luckin Coffee, often referred to as Luckin, one of Chinaâs most prominent coffee corporations in the country, was under the radar of the United States Securities and Exchange Commission, the Chinese Securities Regulator, and Chinaâs State Administration for an accounting scandal or rather fraud. Precisely, Luckin falsified its bank...
Introduction Maintaining an impeccable reputation is nearly impossible in the business setting, especially for an organization that works on a global scale. The act of being exposed for a certain misstep representing the violation of an ethical code has become quite common for a range of organizations in the present-day...
According to Terris (2013), despite the notion that Lockheed Martin has many strong sides to its ethics, there are still significant limitations and gaps related to the broader structure of the ethics industry. I agree with Terris’s notion regarding Lockheed’s ethics program and its poor ability to prevent ethical breaches...
Every person encounters various problems that require choosing between ethical and unethical behavior, especially in business settings. If I were in a position similar to the one described in the presented case, I would probably struggle with my decision. While the most appropriate solution may be to terminate the drug’s...
Summary Business ethics refers to corporate beliefs, ideals, and standards that might come from employees, corporate policies, or the legal system and are intended to govern individual and group behavior in the workplace. There are several arguments why corporate ethics is a component essential in every company. Business ethics enables...
Introduction The legality and ethics of companies are often closely related as most governments try to prohibit practices that could harm the public and individuals. However, more and more legal but unethical practices are manifested in the work of technology companies since states cannot predict all the new nuances of...
Introduction In the contemporary world, businesses are considered the moral actor for the good of society. However, the conventional view of businesses to act ethically by concerning themselves with the larger social goal is being challenged by political influence (Sastry, 2016). Politicians being owners of some big business organizations, impact...
Proposal In the present day, emotional intelligence has already become an intrinsic part of the modern business world. The majority of companies consider emotional intelligence to be no less significant than professional skills and knowledge. In other words, no matter how a person is competent in his sphere â he...
To determine if there is an ethical problem related to Chiquitaâs case, it is necessary to define what an ethical problem in management consists of. There is a wide variety of definitions, yet most of them imply that an ethical issue should contain one main component. The above-mentioned aspect refers...
Introduction Corporate social responsibility (CSR) is a concept that has gained massive popularity in the recent past as corporations try to give back to society. According to Hategan et al. (2018), successful business entities have realized that they can achieve sustainable success if they have the support of the immediate...
In workstations, fundamental ethical issues include encouraging conduct based upon trust and integrity, empathetic resolution-making, accepting diversity, governance, and compliance, consistent with the core values. On the other hand, ethical principles encompass general standards of wrong and right, describing the behavior type a moral person should and should not engage...
Introduction As the world continues to develop and people embrace globalization, there is an intense need to increase ethical practices in business. Ethical practices are mainly moral principles that guide an individual’s activities when performing their duties. Going against the practices is not necessarily prosecuted, but they should be strictly...
Ethical norms and standards of behavior have deep historical and philosophical roots. Philosophy and ethics originated in ancient Greece. The development of the world economy, the emergence of corporations, which directly or indirectly involve tens of thousands of people, made ethical issues relevant. Codes of ethics and rules of different...
Introduction The case study is based on the experiences of Jack, a college student who is between his freshman and sophomore years of study and who works as a ticket collector at a local movie theater to help him save money for college. He is concerned that staff and top...
Business ethics gathers pace and becomes one of the central issues in most countries. As a student interested in business governance and ethics, I cannot overpass the problem of corruption in African countries and how bribes and kickbacks help leader corporations get contracts and perform in the business sphere. The...
Introduction Human relations are part of the human resource management process but it is more focused on the well-being of the employees for better performance. Human relations involve employee training, developing a culture, addressing employee needs, and resolving conflict in the workplace. Understanding the importance of creating and maintaining good...
Introduction In 2013, a cross-sale scandal erupted from a Wells Fargo bank in Southern California. According to Corkery (2016), Wells Fargo employees opened bank accounts and issued debit and credit cards to customers without their permission. The report says that the scandal emerged after the customers started receiving the cards...
Introduction As an illegal use of an individual’s power provided by an official position to gain benefits, corruption remains a highly disturbing problem that currently affects almost all spheres of people’s lives. It may take multiple forms, including bribery, extortion, protectionism, privatization and illegal resource distribution, illegal financing of public...
The Sarbanes Oxley act establishment was in 2002 by the United States Congress; fraud practices carried out by corporations facilitated its development. The act was needed to protect the public from erroneous practices. Michael, a representative, initiated the bill, and Paul Sarbanes, a senator, responded to scandals experienced by Typo,...
Introduction In 2017, Big-Box’s IT systems were compromised, leading to a large leak of customer information. According to preliminary data, the personal information of about a million users was disclosed. First, the company created a crisis communication group to collect, process, and disseminate information necessary to resolve the current situation....
The fraud in Dixon, Illinois, involved Rita Crundwell, who was a city employee. Crundwell was the treasurer and the comptroller of the small town. Everyone trusted her, and whenever a person had a question, they were directed to inquire from Rita since she was well versed with the city’s finances....
Introduction Understanding how the choice of an ethical strategy shapes a companyâs performance in the global economic setting is central to running a company effectively. Therefore, a study that examines the subject matter, namely, the key ethical provisions that an organization may follow in the global market setting, as well...
Summary The increasing internationalization of the world economic process presupposes the unification of the rules within one’s business culture and the norms of international business ethics and the recognition of the criteria of business ethics. To achieve high performance in almost any type of commercial activity, each participant in business...
Martin Marietta is a leading supplier of building materials and a producer of technology for the government. Founded in 1961, this American-based company operates in more than twenty states. In the past decades, Martin Marietta earned significant public recognition for its performance and collaboration with federal authorities to create effective...
Summary For more than eight decades, the modern paradigm of corporate responsibility in business has been one of the central interests of the company’s functioning and long-term development. Essentially, the notion of corporate social responsibility (CSR) concerns the fact that the business segment, as a significant part of the global...
Introduction Business decision-making is commonly a complex issue that involves a multitude of factors and requires managers to integrate the interests of multiple stakeholders to validate a reasonable solution to any given problem. Whether dealing with everyday business operations or when solving a challenging ethical dilemma, philosophical frameworks are helpful...
Fair labor choices are critical for ensuring that the best people are hired for specific jobs. Hiring the proper individual for a task helps a company gain from new expertise, and revenues and profits will likely grow. Living wage involves the rate of pay per hour that helps a household...
Introduction Nowadays, large companies often have problems concerning the so-called work ethics. Former employees keep trying to sue them for discrimination because of skin color, sex, or religion. In such a case, a company faces dilemma that cannot be easily solved. However hard they try to eliminate repercussions, their reputation...
Abstract These days, businessmen are interested not only in gaining maximum possible profit, but also in maintaining their positive image in the eyes of the broad public, and, consequently, increasing attention is paid to business ethics. In general, it implies regulation of professional conduct when ethical issues arise and contains...
Introduction Business is ultimately based on human interactions, which means that differences in cultures and perspectives inevitably play a significant role. As a result, any company that wants to be successful and efficient needs to pay sufficient attention to cultural and ethical considerations alike. Awareness about things like high-context and...
Introduction The aim of this paper is to assess ethical organizational culture and how it may affect innovation within an organization. Ethics in business has evolved to become one of the critical factors that define the success of a firm in the market. According to Riivari and LÀmsÀ (2014), when...
Workplace ethics can be described as the acceptable code of conduct or behavior expected of both employees and employers. These codes of behavior stem from the realization that work should be guided by diligence, morals, and virtues, which are inherently beneficial to business sustainability. Whether the ethical issue pertains to...
Laying the Framework for Change Ethical Practices and Effective Leadership Ethics is a crucial element of numerous real-life processes, which ensures that relevant moral principles are always followed. Generally, this phenomenon is defined as a combination of moral guidelines that distinguish between appropriate and inappropriate behaviors governing human activity on...
Introduction Ethics has been a significant field of study for centuries. Indeed, such philosophers as Socrates and Plato have addressed an age-old question, whether it is possible to identify universally applicable ethics (Kacerauskas, 2019). The overall subjectivity of ethical and moral issues implies that universal ethics is impossible. Moreover, in...
Introduction The contemporary business environment is characterized by globalization, unprecedented technological advancements, and fierce competition. These factors have necessitated the adoption of adoption and incorporation of ethics and corporate social responsibility (CSR) into business operations for enhanced success. Ethics can be defined as the moral principles that govern the way...
Introduction The disastrous oil spill caused by an explosion on the Deepwater Horizon in 2010 had fatal consequences of environmental damage, community loss, and a number of deaths and injuries. Moreover, the tragedy has forced governments and companies to rethink the burden of corporate responsibility, environmental ethics, and industry regulation....
Aristotle Originating from Ancient Greece, the philosophy of ethics was developed largely by Plato, Socrates, and Aristotle. The latter contended that ethics must be rooted in principal virtues and assumed that happiness, or eudaimonia, had to be the telos, or the end goal, of any human being (Byars & Stanberry,...
Introduction Ethical responsibility involves behavior that is not necessarily regulated by law and does not always serve the direct economic interests of the corporation. A company that makes ethical decisions respects the rights of its employees and treats them equally, except in cases where organizational goals and objectives require it....
Introduction Volkswagen is a car manufacturer that sells automobiles all around the world. However, US regulators have noticed that some of the company’s claims regarding emissions may not be truthful. The cars have been examined, and the examiners found that the engines were programmed to detect when tests are being...
Introduction Entrepreneurs and business managers use business ethics as a compass to possess a guide when they make decisions on controversial issues. Business ethics is a broad spectrum of philosophical and moral concepts applicable to business, including the problems of corporate governance, bribery, employment policies, and responsibilities before society. This...
Introduction Chiquita Brands International is the leading banana distributor in the United States, which in 2003 was accused of funding the AUC terrorist organization in Colombia. Doing business in Colombia is risky due to the difficult political situation, and the company was forced to send money to the AUC to...
Introduction Wirecard is a German company that provides financial services, the most critical of which is processing payments. It was founded in 1999, and Markus Braun, who served as CEO until the peak of the firmâs scandal in late 2019 and early 2020, at which point he had to resign....
Introduction Climate change is a problem that impacts every profit and non-profit organization across the world. Supply chain activities are primary contributors to the carbon footprint, thus require attention. Over seventy-five percent of the greenhouse gases in organizations originate from supply chain activities (Lee 1218). Releasing such toxic gases into...
Although companies experience competitive pressure induced by globalization, they should promote labor rights, basic wages, and unionization in developing nations where they operate. For multinationals seeking to increase profitability, robust worker protection policies impede the most efficient utilization of labor and create investment disincentives. Consequently, these organizations view weaker unions,...
Introduction A number of our customers have expressed concerns over the composition of our human resources. Some specific groups feel that our staff is not representative of the various people we serve and have shown dissatisfaction with this arrangement. Some of our senior clients feel that we have focused on...
The Yale Center for Emotional Intelligence launched a comprehensive study with over 14,500 workers across industries in cooperation with the Faas Foundation to fully explain how Americans perceive the workplace. People reported that the most common experiences they had were rule breaches (29%), lying (27%), and working in an unhealthy...
It is well-known that the goal of any business is to maximize profits for its owners and shareholders. However, in the 21st century, the ways and means by which companies go to accomplish this objective, inherently matters. Two terms that have become popular in the business and management lexicon are...
Current Budget and Policies of the South African Government Understandably, the South African government has taken strategic and prudent measures to ensure that the funding for the management and control of the HIV (Human-Immuno-Deficiency-Virus)/ AIDS (Acquired-Immuno-Deficiency-Syndrome) pandemic is adequate and comprehensive. Considering budgetary allocation, the Treasury Department in the South...
The importance of an ethical environment in the workplace cannot be underestimated since it supports the employer’s positive reputation and improves the moral state of the employees. Nowadays, it is inadmissible for a company, especially for the popular one, to violate basic ethical rules because it can damage one’s business...
The Major Stakeholders There are two major stakeholders in the Internship Swapping case, Karen Fletcher and Janet Patterson. Karen has the position of the executive officer at Blackheart Inc, which provides a wide range of financial services. She has a perfect reputation and professional background that gives her significant authority...
Introduction Economic crises are believed to be recurrent phenomena that represent a natural item of the economy. Some economists argue that crisis reoccurs in cycles, signifying a renewed and transfer to a new stage of development (Markham, 2015). However, in most situations, economic crises are deemed as generally negative phenomena...
In recent years, resources mobilization has become a challenge to museums all over the world, especially with the continued decline in public funding. The French government was the first to start cutting cultural spending in 1993. The government of the United States currently accounts for only approximately 28% of the...
Off-shoring labor for business entities and profit management has posed significant controversies. Certain decision-making processes have been evidenced to have greater implications for both employees and employers. In this case, business organizations are virtually limited by laws and regulations, and profits. For instance, a successful firm is one that operates...
There are several issues that make the conversation an ethical problem. There are employees who are judging their colleague, Stanley, by his dressing. They look at the appearance of his hands and conclude that he might be some low-level employee of The Company working at The Plant or maybe not...
Introduction Competition can be a motivation to compromise on quality and focus more on the result of a product than the actual process of making it. Most firms, both local and international, have sometimes had to take responsibility for irresponsible actions resulting from competition and posing a considerable danger to...
It is essential for any organization to have an ethical code because it helps professionals and entrepreneurs conduct business honestly and morally right. Generally, an ethical code aims at regulating the performance of an organization at three levels. At the first and the most basic level, an ethical code regulates...
Introduction Social responsibility is important in business since it promotes ethics and extends a positive impact on the environment and society. A responsible company is concerned about the influence of its decisions on the community and ensures that its behaviors support sustainable welfare, development, and health. It also encourages accountability...
The ethical decision-making process in business analysis comprises six consecutive steps. First, it is important to allocate the time for defining the problem, which brings a clearer understanding of the issue and associated problems related to ethics. Taking time is the natural characteristic of opinion leaders, who might remain silent...
In every business industry, it is important to consider the current political, social, legal, and economic situation. Moreover, a successful company is associated with social responsibility and adherence to its core values. Chiquita Brands International is one of the examples of how disregarding moral and legal principles in a challenging...
Summary The journal article âEthics in finance and accounting: Editorial introductionâ by MelĂ© et al. (2017) provides highlights the ethical challenges that the financial and accounting department in business experience. It emphasizes the importance of integrating morals into the institutions to eliminate the numerous scandals that organizations may face. Moreover,...
Introduction In business world, nothing can undermine relationship between business operators and their customers than lack of trust. Every success in business operation is determined by the trust one has established with his or her customers. Building a trusting relationship between clients and business operators is not an easy task....
Introduction The concept of corporate social responsibility (CSR) has become critical in the world of business today. Companies that embrace the model focus on the best approaches to transform stakeholdersâ experiences while maximizing profitability. Entrepreneurs who ignore these ideas will find it hard to have successful businesses and eventually become...
There is a rising level of scrutiny on the way organizations and their workers handle their activities. This is done to establish if their work is in accordance with general ethics. It is therefore necessary for any organization to respond not only to the scrutiny but to raise the standards...
Introduction Although goals stimulate employee and organizational performance, indiscriminate and rigidly set objectives encourage the nurture of inappropriate business practices. Wells Fargoâs fake accounts fraud highlights the tragedy of incentivizing achievements and pressuring staff to accomplish aggressive targets and predetermined bottom lines. From 2002 to 2016, Americaâs fourth-largest bank encouraged...
Introduction This reflection paper discusses a TED talk about business ethics and how they relate to individuals. It was delivered by Alexander Wagner, an economist and professor at the University of Zurich, and uploaded to YouTube on September 27, 2017. In it, he discusses the fundamental motivations that drive people...
Introduction The concept of business is drastically different now from what it used to be when it first originated and even from what it was like a hundred years ago. The first forms of business appeared in prehistoric times in the form of small manufacturers and stores. Now large corporations...
Abstract Ethical practice is essential for success and increased productivity in the business environment. A variety of ethical challenges impact both employees and their organizations. The most important issues are financial impropriety, harassment and discrimination, health and safety, privacy, and social media. Each of the aforementioned issues impacts businesses in...
Introduction Business ethics is the kind of behavior which the company decides to adhere to in its daily operations with its environment. Ethics guide the business deals with its employees, customers, suppliers, and the rest of the world. The aim of the business should not be making money only but...
To have control over business functions or activities, resources, and public image is crucial in managing entities. On the contrary, companies are under pressure to achieve growth despite the economic, social, or political turmoil experienced in the modern world. Unethical behaviors stem from the urge to achieve financial gains, with...
Introduction Ethical behavior in business is a somewhat controversial topic since each company has different ethical guidelines and rules. While ethics have nothing to do with law, there is an overlap between these two aspects (Hartman et al., 2020). According to researchers, there is a correlation between unethical business practices...
Introduction Nowadays, the environment tends to be affected by businesses of a different character to a great extent. What is more, not every company demonstrates caring about its environmental duties, which harms the state of affairs of the global community. Various international organizations, initiatives, and responsible citizens aim to contribute...
Ethics in business means conducting a business in socially, economically, politically and environmentally friendly manner; it aims at developing good relations between business and its environs. Business ethics can also be defined as the philosophy of doing business. This is the knowledge of what need to be done and doing...
Introduction Nike is one of the leaders in the sports footwear and apparel market, operating globally. The company was incorporated in 1967, and since then, it remains one of the largest producers of sports footwear and apparel (Nike, 2020). The manufacturerâs mission is to assist athletes in realizing their potential...
Introduction In the Scenario, George is a Licensed Behavior Analyst and a Board-Certified Behavior Analyst (BCBA/LBA). He is experienced in vocational and social skills training, but he takes on a new client out of his range of expertise. This clientâs self-injurious behavior requires specific training, which the BACB does not...
Glaxo Smith Klein (GSK) is a company that specializes in pharmaceuticals, and its most popular products are respiratory treatments Ventolin and Advair. The headquarters of this organization is located in London, but it has branches across the globe. In 2017, GSK’s estimated profits were $40.4 billion (Compton, 2020). Since GSK...
Study of Business Ethics In the modern world, ethics in business is becoming increasingly important, as scandals that are widely publicized have unpleasant consequences – from people’s anger to distrust of the organization. Therefore, there is a necessity to combine responsibility and ethics in all decisions made in the business....
Introduction Modern businesses are having trouble when ensuring that their interests coincide with those of other entities including citizens, future generations, and the environment among others. Consequently, companies are expected to take direct responsibility for the impact that their operations have on the environment and society at large. The main...
Changes to Sarbanes Oxley Act Twelve years ago, finance embezzlement at numerous companies destroyed the picture of USA capital market. This caused financial problems to investors, pensioners, financial market, and communities. As a result, some firms went out of market leading to destruction of the confidence people had in financial...
Maintaining an ethical stance in business decision-making is an excessively challenging task used to the pressure of multiple factors, including high competition rates, the presence of organizations that bend ethical standards, and other adverse influences. However, adhering to principal ethical values and practices is central to running a successful business...
Introduction KPMG is a company consisting of professionals who provide tax, audit, and accounting services. It has recently been implicated in two major scandals, which resulted in fines being paid by the firm. Since KPMG wanted to score highly in the Public Company Accounting Oversight Board (PCAOB) inspections, some of...
In most companies, many of the marketing strategies concentrate their attention on origination, development, realization, and popularization of a unique, original and successful brand. The creation of such a brand requires quite a lot of research in different areas to make this brand memorable and popular. It has been established...
Introduction This research shows that American companies have not prepared their management teams to handle transgender employees. It draws from existing studies with a specific focus on gays and transgender employees in the workplace. The general population has often misunderstood and disregarded transgender and gay people in the community (Burgess,...
Introduction Ethics plays a vital role in terms of helping accounting professionals to cope with the people who rely on the services that they offer. People who rely on the services that accounting professionals offer expect the financial statements of their firms to be dependable and free from bias (Mason,...
Introduction This paper discusses in details what the corporate social responsibility is and gives its historical background. Corporate social responsibility is an important aspect any organization whether small, medium or large should undertake. Taking an organization as a system, corporate social responsibility provides an avenue where the organization interacts with...