Ethical Topic That Is Related To Business

Ethics of Morality in Business
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While most businesses require the right management and proper employee participation in order to remain vibrant in the highly competitive business world, firms ought to embrace some good business ethics. This will help such firms to highly produce their products, market them and overall perform well hence making the business to make good profits CITATION Gab08 \l 1033 (Flynn, 2008). Therefore, the success or failure of any business depends on the ability of the entire business personnel to follow the stipulated business ethics. Ethics is, therefore, a significant area of concern when determining the success or failure of a business. Ethics outlines what is right and wrong within a business setting and sets some moral values to the stakeholders CITATION Gab08 \l 1033 (Flynn, 2008). It forms the basis for success or failure of a business. An ethical climate constituted by the executives in any firms acts as a guide to the employees and thus they feel that ethics is part of their primary duties and work hard to do what is right. However, the top executives in the business should start by showing an example to the subordinate employees. Therefore business ethics entail the moral principles or guidelines that direct business behavior and show a clear understanding of business aspects such as product, place price and promotion as well as practices that promote marketing such as transparency, trustworthy, and the portrayal of such practices by the media and culture.
The efforts to create a conducive working condition while ensuring harmony and ethical values have been a major concern in many businesses. However, most businesses are faced with the challenge of identifying the kind of procedure or guideline to follow to implement some ethical concerns in their business in the fear of disappointing employees. One of the fundamental issues a manager of an organization may implement is justice within the organization. All employees should be treated equally irrespective of their positions in the business because each employee plays a pivotal role in the overall success of the business CITATION ACF09 \l 1033 (Fernando, 2009). Thus, the management should exercise justice to all its employees and create a good working environment by involving the subordinate employees in issues such as decision making. This boosts the attitude of such employees towards the management because it sets a good example to the junior employees. Therefore, such employees take the manager as a role model. Such a manager becomes influential in the business by setting moral standards and becomes an instigator of creating a healthy business environment and present a better performance in the business. They also create a good working environment with stakeholders.
Good business ethics are provided by good ethic management which motivates workers in the organization. Management involves bringing people together to achieve a common objective. This can be done by the effective and efficient use of the sources in the business. Technology, human resource, capital, and entrepreneurship are some of the main inputs in the business CITATION Pet16 \l 1033 (Davies, 2016). Therefore, organization...