Unethical Practices For Business Success Essay - 1263 Words

We have heard the well-used phrase, â€Å"When in Rome, do as the Romans do,† and have applied it well as we travel among other countries and cultures, with great success. However, in business, it does not prove to be as much of a reliable phrase to live by. General practices of businesses can sometimes prove to be unethical, even though they are quite legal, or were simply unethical in their conduct and operations, with no remorse. Unethical practices by businesses have often been a catalyst in their demise. Hence, for business success, we might say, â€Å"When in business, practicing integrity is good business,† because if it is adhered to, it can be a recipe for success. According to an article, Unethical Rationalizations and Misconceptions, which was published by ethicsalarms.com, there are countless excuses and reasons people justify unethical practices, whether they are legal or illegal. Every form of excuse, â€Å"It’s done all the time,† to â€Å"It’s always been done this way,† to â€Å"Everybody accepts it,† to â€Å"Nobody’s complained before,† to â€Å"It’s too late to change now,† to â€Å"No harm, no foul,† to name a few. These justifications are clearly evident that the ABCDs of ethical decision-making have been bypassed. When operating a business, it is more profitable to consider every aspect of the outcome of the decisions that we make. We need to be aware of the facts of the entire situation. Who will it impact most and to what degree? How do I feel about the decision I am going to make?Show MoreRelatedIts a Good Business by Solomon1525 Words   |  7 PagesIt’s Good Business The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. â€Å"Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers† (Shaw p. 37). The author acknowledges that while illegal practices in businessRead MoreThe Role Of Ethics And Business Ethics1336 Words   |  6 PagesThe Role of Ethics in Business Ethics concern an individual’s moral judgment about right and wrong. Most decisions in an organization are made by individuals or groups that influence the culture of the company. Several factors determine the success of a company other than the scope of financial statements. No matter the size, industry or level of profitability, business ethics are the most important aspects of success. Being ethical is an individual decision; employees and management must complyRead MoreEthics Paper738 Words   |  3 Pagestheir success. Such strategies involve the creation of a mission and vision statement, policies for the employees to abide by, and decisions to provide companies with success. From the perspective of a stakeholder, the success of the company is their primary concern. However, due to recent business scandals such as the Enron scandal and Bernard Madoff’s Ponzi scheme business ethics has become emergently important. In the Enron scandal, they became bankrupt due t o hiding its debts and unethical practicesRead MoreEssay Ethics and Moral Philosophies1563 Words   |  7 Pages2013 Introduction The inner works of a successful business is based on the values and beliefs of its owner. In comparison to a family, the owner may be considered the matriarch and employees considered sons and daughters. Based on that assumption, the responsibility for success and prosperity lie solely on the leader. Family success is based on the philosophy of values and morals of its matriarch that are passed down to the children. A business should operate on the same basic philosophy of a familyRead MoreEthics in International Business842 Words   |  3 Pagesdomestic business. Companies and their employees need to be mindful of their decisions and actions, and how they affect others. But when business is taken to the international and global level, being conscious of ethics becomes absolutely vital. In order to be successful long-term, ethical practices must be followed, as well as having a level of social responsibility. Companies or individuals who do not have a laid-out, defined set of values may find themselves compromising and taking unethical shortcutsRead MoreThe Driving Force Behind A Company s Financial Success Essay1251 Words   |  6 PagesThe driving force behind a company’s financial success is the company’s ability to market itself. Marketing goes beyond selling of a product. It involves â€Å"building strong brands and a loyal customer base intangible asset that contributes to the value of a firm† (Kotler Keller, 2012). The American Marketing Association, defined marketing as â€Å"Marketing is an activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers†Read MoreOrganizational Culture : Business Practices1011 Words   |  5 Pages Does Organisational Culture Shape Ethical Business Practices? U5009333 Sarah Zuiderduin 14/10/2014 â€Æ' Introduction Organisation culture can be described as the beliefs, customs, value systems and behavioural norms and ways of doing business that are unique to each corporation. The impact of organisational culture on the ethical standards and moral practices of people in organisations has become increasingly common (Fisse Braithwaite, 1983). Managers within organisationsRead MoreThe Importance of Ethical Business Practices: Walmart Law Suites 842 Words   |  4 PagesThis issues study is aimed to explain the importance of ethical business practices which also include social responsibilities and will be compared to an example of an unethical business practice. It will explore the different unethical issues in business, the benefits of running an ethical business and this will be done with reference to a certain case study. Ethics are moral guidelines which govern good behavior. For a business to behave ethically, it must follow strict guidelines which ensureRead MoreEthical Issues Involving The Media1472 Words   |  6 Pagesbehavior is in the business domain. It is arguable due to the advantages and disadvantages that come into to play with every decision. Some stand on the side of the dispute that ethical behavior may slow down one’s rate of success, but it ensures that success is accomplished morally and justly. On the other hand, some blatantly argue that ethical behavior is not necessary when one is on the thin line between success and failure. In other words, this side believes unethical behavior is not a problemRead MoreEthics, Corporate Social Responsibility And Fiduciary Responsibilities Essay1695 Words   |  7 Pagesleadership in business† (Archbishop of Wales calls for ethical business). It is probably the case that all businesses should sign the oath, this gives consume rs to show that they are dedicated to being an ethical business. There are numerous of old businesses that can steer the new business in an unethical direction in this field. By adapting business ethic terms and look for examples in the business fields that have an ethical or unethical reputation, this will give the opportunity for the business leaders