Corporate and Organizational Ethics: The Magazine of Corporate Responsibility

Corporate and Organizational Ethics
Students Name
Institutional Affiliation
The ethical bedrock of a company plays a substantial role in its success. Therefore, each organization should embrace its ethics to ensure that it is in a position to achieve organizational goals. Following the ethics helps in the creation of a conducive work environment, which is a key factor towards the accomplishment of organizational goals.
A successful organization requires various ethical elements, such as respect. An entrepreneur requires to build a business that is guided by respect from the leader to the people being led. As a result, the workers are able to make sound decisions towards the achievement of the set objectives. In addition, risk-taking, customer focus, honor, and integrity are some of the other ethics elements that help in the creation of a successful organization. Corporate and organizational ethics are also determined by the type of leadership applied by a leader. In most cases, employees perform in regard to the style and trait of leadership being used.
Corporate ethics deals with the various ethical problems that might arise within the business. The ethical practices are the principles that guide the organization towards the achievement of the set goals. Every employee is entitled to follow the set ethical principles, failure to which, a course of action is taken by the organization. Ethical problems are bound to occur in an organization, and the manner in which such problems are solved determines the possible occurrence of similar problems in the future. The employees are expected to act in accordance with the set ethical principles hence aiding in the creation of a conducive work environment.
The quantity of corporate ethical issues is a reflection of the profit maximization techniques and the various non-economic concerns. Organizational ethics presents two dimensions, which include the descriptive and the normative ethics. The field of career specialization and organization's practice represent the normative dimension while the different attempts used in the study of business ethics use the descriptive methods. Corporate and organizational ethics have been a point of focus in organizations over the past two decades. Some of the major corporations advertise their commitments to non-economic issues through the use of ethic topics such as social responsibility charters and ethic codes. It is such ethics programs which help the organizations in the expansion of their market shares. A socially responsible corporate stands a better chance of being successful in society as compared to organizations that do not reveal their socially responsible programs. Therefore, ethics plays a huge role in the regulation or organizational behaviors that are beyond the reach of the government. For instance, people involved in a similar trade rarely meet to make regulations focused on diversion. Rather they ended up discussing conspiracies against the public and aimed at wealth maximization. Among such conspiracies is the increment in the prices of their products and services. The government employs regulatory laws on business in order to bring about beneficial directions to all the corporates. The development of ethics regimes has been ...