Business Ethics: Unit VI Research Outline and Research Paper

Business Ethics: Unit VI Research Outline and Research Paper
The importance of Business Ethics in the work place
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Outline
Introduction
A look into the place of business ethics in the workplace.
Give an overview of business ethics and benefits in the workplace.
Ethics training
Ethics training is proposed as one of the ways to increase awareness about ethical conduct.
Highlight on the need to have well developed ethics program, with ethical training being vital to sensitizing employees about ethical practice.
Monetary returns
The workforce is motivated to work in an environment that supports ethical practice.
An organization’s reputation may depend on the brand image associated with ethical practice, and those with better ethical conduct tend to have better returns on average.
Professionalism
Business ethics make it easier for organizations to attract high caliber employees keen on professionalism. The employees act professionally without cutting corners when the organizational culture instills a sense of ethical practice.
Employees also engage in ethical conduct as they have the right attitude towards work.
Decision-making
The employees take into account ethical conduct when making decision, meaning that they are less inclined to act unethically.
Employees are typically resistant to change, but insistence on ethical practice while introducing change may improve the chances of the staff making decisions that are ethical in light on new changes in the workplace.
Ethical organizational culture
Organizational leaders reinforce ethical behavior, and employees also exhibit the company’s values.
Ethical conduct influences the corporate culture of an organization, and employees have a positive view about the organizational culture depending on ethical conduct of leaders and co-workers.
Benefits to organization
Employees are in turn motivated to work in a good working environment and increase their productivity.
Motivated employees are also less likely to leave their jobs, and this saves the company training costs for new staff and cost of replacing the departing employees.
Employee Ethics
Organizations with reputable ethical practice attract ethical employees.
The benefit of employee ethics is that it also helps the organization’s reputation, since they are more likely to act honestly when dealing with an organization’s stakeholders.
Teamwork
Business ethics helps to foster a better working environment where there is team building.
Business ethics encourages openness in the workplace as well as engagement with stakeholders in an environment where the workers focus on integrity.
Improving the public image
Organizations with reputable ethical conduct also have positive public image that helps them to gain trust with the public.
A positive brand image also helps to attract talented employees, and this improves the quality of the workforce.
Commitment towards work
Ethical practice encourages the employees’ loyalty towards work, and this commitment results to higher productivity.
Business ethics also encourage employees to be committed in the workplace when there are ...