Ethical and Moral Issues Memo
Kimber Rueff Ethical and Moral Issues in Business Ethical and moral issues in business go hand in hand, and go along well with one another. We each have our own moral standards that make us who we are and what we stand for.
Our character comes from our moral ethics, and how we were raised to handle ourselves in certain situations. Ethical behavior comes from society and how we are perceived by society. Ethics in a business setting involves both morals and strong ethics.I am going to attempt to explain what the difference is between moral ethics and business ethics in this paper. The first thing to figure out is what is considered an ethical issue and what is considered a moral issue. The best way to answer that is an ethical issue is one that sets a standard or code, that affects society, and a moral issue is one that defines who you are as a person, or your character.
Only $13.90 / page
For example, a fellow employee is stealing and you know what they have done.
How do you handle this situation?The ethical view would be to view it as many would; “This person is stealing, I know it, others may know it, the act is wrong and against the code of conduct. I must turn them in because this is wrong. ” A person that takes on the moral issue in a biblical sense would say; “This is wrong and the bible says thou shall not steal. ” Although many of us do not think in biblical terms, we do still have a conscience that helps us determine what is right and wrong. Our families may teach us the differences and hold us accountable.This can be carried into our careers but we need to keep our moral ethics in line with what is more important for the company as a whole; this includes the public. In a business setting moral ethics plays a small role because as a business, the responsibility involves many people.
It could involve shareholders, managers, fellow employees and the public. Although as individuals we tend to think of how one would handle certain situations morally, we need to think of how decisions we make could affect others.For example, if a situation of theft occurred, let’s pretend that it was not just money, but that it was insider trading. Insider trading is stealing money from other investors because the person doing the trading is receiving news that has not been released to the public and is not known to many in the company. This is ethically wrong because it could cause an issue with customers, shareholders, and investors. Plus, not to mention, insider trading is a crime.