After a recent collapse of a structure in which many people died, an Engineer came to know about a bridge which is marginally safe. Establishing a code of ethics for your business to operate by will help you lay a firm foundation of basic trust between you and your employees, clients, partners, suppliers, and so on. Consumer demand for ethically produced cleansing products has intensified in recent years, and although there are literally hundreds of brands of soap available on the market, few are as unique or memorable as Dr. Bronner’s, the top-selling organic liquid soap brand in America. To be more precise, when does monitoring your employees’ behavior on company devices cross the line and become unethical? of Americans own a smartphone and the average person uses roughly 25 applications every month. But regardless of what industry you’re in, what your track record looks like, or how risky you think your business is – addressing health & safety in your workplace is of the utmost importance. Even if you take all of the necessary precautions and follow the recommended steps, you should always stay prepared to handle ethical dilemmas in business in an appropriate and productive manner. All of that said, a recent study found that a whopping 78.2% of small businesses haven’t designed or implemented an environmental management system. If they aren’t, replace them with someone who is. has made huge strides in eliminating human bias from the loan decision-making process by using advanced technology to analyze a business’s financial health & stability. The moral of a story is the lesson that story teaches about how to behave in the world. According to the U.S. So let’s move ahead to see what we are going to … But that’s not the case! We can custom-write anything as well! A. … ... As an example, moral courage can be shown through selfless actions aimed to diminish or eliminate discrimination. More often than not when we discuss harassment at work the topic quickly shifts to sexual harassment. After some careful thought, you may find that hiring an accountant is well-worth the investment, but you may still be short on funds to make it happen. The solution to this ethical issue in business is quite simple: personally review your financial statements and reports to ensure that they’re honest and accurate. Fortunately, the law often gives the answers to questions related to ethical issues in business (we’ll touch on some examples later on), but that’s not always the case. For example, American Insurance Group (AIG) collapsed after the financial crises of 2008, when they lost vast sums of money on mortgage-backed securities. Your LendingScore™ will reflect your business, never your personal background or circumstances. Installing solar panels on your place of business will reduce the amount of electricity you source from the power company and can save you upwards of 80% on your electric bill. Consider this example from Fast Company: “…if every one of 110 million American households bought just one ice-cream-cone bulb, took it home, and screwed it in the place of an ordinary 60-watt bulb, the energy saved would be enough to power a city of 1.5 million people [and]…is equivalent to taking 1.3 million cars off the roads.”. ⢠Summarize the moral/ethical issue in the article (no more than 1 paragraph). He informed his superior who asked him to stay calm and not to discuss with anyone, while waiting for the next year budget sessions to get some financial help for the repair required. Ethical Marketing Example #3: Dr. Bronner’s. It’s key to also highlight that physical safety shouldn’t be your only focus; psychological well-being is a core component of creating a safe and healthy workspace. If that’s going to be too time-consuming, hire an accountant you trust to run the numbers – even if they cost a pretty penny. It can get tricky sometimes, but addressing ethical issues in business is an essential step to building a strong company that will maintain a positive reputation and track record. On the other hand, if we talk about Ethics, it is also derived from a Greek word “Ethikos” which means character. While we shouldn’t forget that there are many forms of harassment in the workplace, sexual harassment is one that deserves to be addressed on its own. So, what are some common examples of moral codes? 301 certified writers online. Abortion: an Eternal Moral Issue Those reasons include the financial burden of making changes, complications that may arise while implementing changes, not having enough guidance on how to go green with the business, and so on. What can your business do about health & safety? 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