Ethics in Business and Psychology

In business, ethics as standards are fundamental to gain trust from employees, colleagues, and clients, thus promoting confidence in the foundation of every professional relationships.  To be able to categorize a problem or crisis as questions of ethics, it should be identifiable at first glance.  One very identifiable ethical problem in a business organization are issues in monetary.   To resolve this, business proprietors must consider pointers such as a customers of a competitors viewpoint (Business Ethics and Social Responsibility, p. 41).  This is mandated primarily because the point of having a business is dealing with all kinds of stakeholders, whether it is an asset or a liability for the company.  Business is also about culture that is why, when incorporating ethics, business owners must prioritize at first how the enterprise can establish harmony with diverse cultures.  Operations should not be at all concerned with the internal market.  Unethical behaviors are usually committed when proprietors conduct aggressive financial or business objectives.  Ethics in business is usually but not oftentimes rely on financial aspect.  In short, if monetary or financial problems are the stimuli, the behaviors of the people are the core concern of ethical standards.

On the other hand, ethics and moral values have intersectional relationships.  This side of the argument is what the field of psychology is talking about.  Every people have inherent moral values which they acquired through their participation in the community and other forms of transpersonal communication.  However, these values do not automatically qualify for being ethically good.  Take note that ethics is subjective as well as moral.  But the difference is that, the moral values can or cannot conform to the ethics of the majority given that the actions which are results of the values (or ethics) are in conformity with the common good.

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