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A more concise description of business ethics is on a personal level. Every employee of a business or corporation should comply with ethical ideas such as honesty, fairness, consideration, judgement, and competence. Most of today’s corporations have a written code of ethics and instruct their employees of these rules and regulations.
An ethical decision that I was recently involved with was related to time reporting. My company has a strict rule that all hours worked must be reported accurately. A workweek
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I do not have any experience in making ethic policies within a corporation, however I do feel that the code of ethics that a company’s management implements can strongly affect the success or failure of the business. This is where I have seen poor ethics as a downfall for some companies.
Lastly, I would like to look at how improper business ethics could have an affect on a larger group of people. There was little doubt in my mind that the company knowingly sent me a used piece of hardware, as I had heard from other colleagues of mine experiencing similar problems with the same business. I am a firm believer of the notion that a company’s success starts from the top and works its way down. Most of my dealings are through a contracted vendor, but there are times when I need a piece of hardware quickly and have to find another source. The timekeeper, apparently in a hurry to have all employees’ hours relayed to the payroll department, had placed me in an ethical situation. When I say lack of professionalism, I do not mean that the person is not knowledgeable, I am referring to discourteous, unpleasant behavior. If a corporation would faithfully operate with sensible moral behaviors and implemented stronger enforcement of any existing code of ethics, a public dilemma may never occur. With the business world becoming more dependent upon electronic data; e. I also suggested that both large corporations and small business could be negatively affected by the lack of ethics. I would have to conclude that poor ethics within a customer-oriented company could lead to lost revenue or even complete failure of the business.
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