"WHAT ARE SOME ETHICAL ISSUES IN THE COMPANY? DISCUSS.
The managerial focus attempts to take a practical look at the social issues and expectations business faces, but ethical questions inevitably and continually come into play.
Ethics, basically refers to issues of right, wrong, fairness, and justice, and business ethics focuses on ethical issues that arise in the commercial realm. Ethical factors appear throughout our discussion because questions of right, wrong, fairness, and justice, no matter how slippery they are to deal with, permeate business's activities as it attempts to interact successfully with major stakeholder group which are employees, customers, owners, government, the global, and the local communities.
Ethical problems occur in business due to personal gain and selfish interest, competitive pressures on profit, conflict of interest and cross-cultural contradictions.
In light of the ethical scandals in recent years, especially the role of the financial services in certain industry or company, we should study more and analyzing internal heart of the whole institution.
In this report, we are going to discuss some of the common ethical issues today and also in the past years. Some of them are fraud, insider trading, bribery and so on. Well, in my report, I will discuss and analyze current ethical issues incurred nowadays and evergreen in a company and also in such institutions. The impact of the ethical issues also have in every ethical misconduct which is not just affect the company, family members also will be the one who received bad speculation from the society.
CASE 2.1: ETHICAL ISSUE - LYING
Lying can be defined as telling the untruthfulness or false statements for personal gain or self-esteem. Sometimes, a person lying is to hide their weaknesses and also their black record in the past. Lying could be good and bad based on the situation itself. Lying always incurred in job applications and also in accounting report...