It’s all about doing right things – ETHICS
Ethics is the code of conduct that guides us what to do and what not to do. It helps us differentiate between right and wrong. People face ethical dilemmas in the very field of their lives. Different people have different motivations, beliefs, thoughts, and behaviors which demonstrate about how they perceive things and act accordingly.
The majority of us would concur that it is ethics and morals in practice which helps us makes sense; simply having it deliberately drafted and redrafted in books may not fill the need. Obviously, every one of us needs organizations to be reasonable, clean and helpful to the general public. For that to happen, associations need to keep morals or standard of law, connect with themselves in reasonable practices and rivalry; all of which will advantage the customer, the general public, and association.
Basically, it is the individual, the customer, the representative or the human social unit of the general public who advantages from morals.
Ethics and morals, in general, refer to an arrangement of great and awful, good and shameless, reasonable and unjustifiable. It is a set of principles that should adjust practices inside an association and the social system. Anyway, the query that is remaining is, from where and when it came into existence?
Fundamentally morals in business are influenced by three sources – society, religion and laws of the state. It is, therefore, we don’t have the uniform or totally comparable guidelines over the globe. These three variables apply impacts to differing degrees to people which eventually get reflected in the morals of the association
In a context of management. Ethical issues arise when there is a conflict between shareholder’s interest and stakeholder’s interest. Commercial organizations or organizations for profit tends to focus more on fulfilling shareholder’s interest at the expense of stakeholders.However, organizations also owe some responsibility towards the society
Efficient ethical practices are the result of good awareness about regulatory guidelines, procedures, policies and statutory prohibitions meaning awareness about the law and legal issues.
Ethics is not something different and cannot be separate from the business neither it is the addition to it. But it is one of the aspects of a business activity that should be incorporated into business decision-making.
In sales management, managers have different ethical approaches that they can adopt. The approaches are as follows:
•The golden rule treat others as if you want to be treated.
•The conventionalist rule: all acts are alright as long as everyone is doing it.
•The libertine rule: do whatever you want but it does not harm others whether directly or indirectly.
•Market imperative approach aka survival of the fittest by Adams Smith: the market determines what is right and what is not.
•The protestant ethic: You are free to do whatever you want, however, do what you can defend to the committee of peers.
•Utilitarian rule: do what is best for everyone, in general, the public but who is going to decide what is best for the society.
According to one research, ethics is deeply related to service as serving people in particular and society, in general, is regarded as socially desirable, therefore, ethically correct. However, for serving people, there should be some motivations behind.If a manager is not satisfied with his or her job then nothing will happen.
Organizational ethics and its elements
Ethics has two most important elements; the morality of the person’s actions itself and the intentions of doing it. Further, integrity is the factor which is very important and related to morality as well. When you enter into the business world don’t forget, to be honest as it is morally good as well. When you are honest with you to work, people would be more loyal to you and would appreciate this.Hence, honesty leads to loyalty.
Moreover, there is the term called organizational ethics. It consists of ethical dimensions and appraisals of the structure of organizations as well as incentives and rewards which influence the behavior of the members of the organization.
CSR (stands for corporate social responsibility)
Organizations should devote some of its efforts to the society and create a healthy, useful and loyal community. One research says it has three dimensions. Firstly, how organizations take the advantage of opportunities to contribute towards the development of the individual. Secondly, how management works for the betterment of the society besides making large amounts of profits. Lastly, ethics also include the element of culture because what is right in one culture may not be right in another culture. Therefore, ethics varies from culture to culture.Share