TABLE OF CONTENTS
What is Business Ethics?. 3
Does it differ from business to business or is it universal?. 3
How do business ethics affect the operations of the business?. 4
How can one differentiate ethics from rules in the business context?. 4
The Extent that I improved my own and my group’s EBL performance. 5
I used Enquiry Based Learning (EBL), as the process of converting data and information into knowledge that is useful. In this regard, I successfully made the attempt of translating all business ethics information in accordance with my understanding. I put to use a series of questions by structuring them in accordance with their focus and level context (Daniel 1983, 49-59).
In order to understand business ethics, there are some answers I needed to questions like what is business ethics? Does it vary from one business to another or is it a universal concept? How are business operations affected by business ethics? How is one able to differentiate ethics from business contest rules? Once I structured these questions, I went on to find the answers that were relevant.
What is Business Ethics?
The term “ethics” should be understood first in order to understand what business ethics means. Ethics refers to a set of codes of conduct that is morally acceptable. Therefore, ethics distinguish right from wrong. In the context of business, ethics refers to the universal code that is accepted in the conduct of business throughout the globe. It is the approach a particular stakeholder of a business uses in order to interact with others as well as how the organization employees perform their duties. All these are aspects that business ethics encompasses (Deborah & Stewart 1982, 73-77).
Does it vary from one business to another or is it a universal concept?
Business ethics is accepted universally in all fields of business. The distinction however comes in the differences among societies where the businesses are operated. Depending on the region where the business operations are run, business ethics might vary. What one company might consider as right conduct might be viewed as wrong conduct in other companies. Though this is the case, the difference is often unnoticeable as the variations in codes are minor (Wokutch, & James 1985, 93-104).
How are business operations affected by business ethics?
Interpersonal relationships and public relations are aspects that are largely affected by business ethics in any business. Subsequently, this affects the operations of a business in a manner that is positive as the operations are carried out in a smooth manner and with little or no hustles at all. Therefore, business ethics is known to promote the level of efficiency and effectiveness within the business.
How is one able to differentiate ethics from business contest rules?
Business rules refer to regulations governing a business and ensure operations are conducted in a manner that makes it possible to attain business objectives. In order to differentiate rules from ethics, it is important for one to understand ethics are not imposed in the same manner that rules are imposed. Rather, ethics are exercised by individuals as a practice that is personal and self-driven.
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The Extent I improved my own and my groups EBL Performance
I was able to learn a lot regarding business ethics and the insight I acquired made plenty of sense not only to me but my group. The questions I had were answered well and after careful inquiries, considerations as well as discussions. I learned business ethics are different from rules though they all aim at the attainment of business objectives.
Basically, our group learned all learning skills that are available for EBL. We filled short forms, used questionnaires, studies charts as well as other statistical models. The information we gathered regarding business ethics was completely conclusive for our EBL performance. The thorough analysis we made proved enough to assist us in learning more regarding business ethics (Nebenzhal, & Eugene 1998, 805-815).
With the knowledge I have acquired in business ethics, I am in a position to apply it in my professional and personal life. Looking at the scenario I was in a couple of years back, I would state my ethics insight has greatly changed the perception I have regarding business. I found myself in a moral dilemma called upon by a government officer in an institution from which I required assistance, to ‘pay processing fee’ so I could be efficiently served. During that time, I was not aware the services were offered for free hence I went on to pay that person and they served me immediately. Looking back, I feel the officer conned me since they acted in a manner that was unethical, and due to my ignorance, I did the same. My outcome and actions would be different now as I am aware of business ethics now (Beltramini 2003, 215-216).
Understanding moral reasoning and ethical theories will help me apply business ethics in any professional practice I undertake in the future by doing what is right and acceptable in that profession. Knowledge of these theories will also help me in actualizing business ethics and performing my duties effectively and as they are required. This will help me alleviate most problems and pressures from seniors and poor interpersonal relationships with colleagues. (Gene & Patrick 2007, 259-271).
On top of this, the understanding will give me the tools needed to handle ethical controversies that might come my way. Acts such as funds misappropriation, fraud, and other malpractices can be dealt with easily when I have business ethics knowledge. As a professional, I will be self-driving in all dealings as the application of ethics knowledge will be my professional development. Morals like fairness, honesty, and integrity will be the first fruits of ethical and reasoning theories.
Attas, Daniel 1983. What’s Wrong with “Deceptive” Advertising?. Journal of Business Ethics 21, no. 1 : 49-59.
Beltramini, Richard F. Beltramini 2003. Advertising Ethics: The Ultimate Oxymoron?. Journal of Business Ethics 48, no. 3: 215-216.
Carson,, Thomas L. , Richard E. Wokutch,, & James E. Cox Jr. 1985 An ethical analysis of deception in advertising. Journal of Business Ethics 4, no. 2: 93-104.
Laczniak, Gene R., & Patrick E. Murphy 2007. Fostering Ethical Marketing Decisions. Journal of Business Ethics 10, no. 4 : 259-271.
Nebenzhal, , Israel D. Nebenzhal, , & Eugene D. Jaffe. 1998 Ethical Dimensioins of Advertising Executions. Journal of Business Ethics 17, no. 7: 805-815.
Poff, Deborah C., & D. Stewart. 1982 Reviews. Journal of Business Ethics 1, no. 1: 73-77.
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