Business ethics Research Paper Example | Topics and Well Written Essays - 1000 words

Business ethics - Research Paper ExampleBusiness ethics is defined as the rules that govern the operation of an organization. each demarcation operates with a view of making profits. A vocation that adopts an ethical approach to their operations are more profitable than those that lack a all the way stipulated code of conduct (Weiss 72). Therefore, it is necessary for those transmission linees aiming to raise their profits to adopt and set an ethical approach that will govern the conduct of the employees and their mangers to enhance discipline and integrity. The levels of business ethics Business ethics is classified into the following three classes the macro level, the individualistic and the collective level. The macro level of business ethics defines and stipulates the consumption of business in the international fraternity. It further elaborates the different political and social systems like the free enterprise, centrally planned economies among others. The business tend s to differentiate between ethical and wrong this is usually called the proper behavior at this level. Finally, this level defines the international ties and the role of business on the international scale (Weiss 74). The corporate level brings out the corporate social responsibility (CSR). This is usually defined as the obligations that different companies and business have in society, for example, education, health and others. This level also discusses the ethical issues facing individual and corporate entities (both private and public) when formulating and implementing strategies (Weiss 75). At this level, the behavior of employees both inside and outside the business is also checked. This is done to avoid mistrust, abuse of office and the separation of self-will within the management team, which is checked against business and personal interest. The individual level looks at the behavior and actions of individuals within organizations. An individuals business ethics may be re liant on the personality, peer pressure, and the socio-political environment in which the person is exposed to. Importance of business ethics Business ethics can be regarded as an essential factor in the world of businesses. Ethics apply in all stages of development, starting from the production of a product, sales and marketing, client handling, and finance. The role played at every stage is crucial in enhancing business success and gaining of corporate social responsibility. Therefore, it is critical for every business to adopt close to ethics in its operations (Weiss 75). Every business strives to maintain the integrity in the face of the customer in an effort to build loyalty and deferential clientele relationships. It is also crucial to maintain goodwill of the business and to control the returns or try to maintain those returns, which in the long run bring the steadfast solutions of the business success. The ethics also define the way the customers issues are handled, espec ially in the case of complains and seeking professional advice (Weiss 75). The customer tends to be influenced more by the services than the product a business is providing therefore, handling such issues becomes a crucial issue for the business. When this is done ethically, the business creates a customer base, which is not easy to achieve without business ethics. It is essential for every wing or department to adopt an ethical strategy in various business responsibilities. This should extend to the various stakeholders including shareholders, employees and the community at large. Sometimes, it is hard