Ethical Strategy and its importance.
The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. Business ethics are the accepted principles of right or wrong governing the conduct of businesspeople, and an ethical strategy is one that does not violate these accepted principles.
Unethical behavior is rooted in poor personal ethics; the inability to recognize that ethical issues are at stake; failure to incorporate ethical issues into strategic and operational decision making; a dysfunctional culture; and failure of leaders to act in an ethical manner. <a href=”https://smashingessays.com/secrets-of-academic-success/” class=”menu-link”>Secrets of Academic Success</a>
To make sure that ethical issues are considered in business decisions, managers should:
favor hiring and promoting people with a well-grounded sense of personal ethics,
build an organizational culture that places high value on ethical behavior,
ensure that leaders withinthe business not only articulate the rhetoric of ethical behavior but also act in a manner that is consistent with that rhetoric,
put decision-making processes in place that require people to consider the ethical dimension of business decisions,
use ethics officers,
have strong corporate governance procedures, and
be morally courageous and encourage others to be the same. <a href=”https://onlyprofessors.com/tag/sociology-assignment-help/” class=”tag-cloud-link tag-link-98 tag-link-position-43″ style=”font-size: 14.161971830986px;” aria-label=”Sociology assignment help (292 items)”>Sociology assignment help</a>
For this discussion, post your thoughts/answers to each of the 2 questions below. If you have any professional experience with the scenario expressed in question #1, feel free to discuss it.
Under what conditions is it ethically defensible to outsource production to companies in the
developing world that have much lower labor costs when such actions involve laying off
long-term employees in the firms home country?
Is it ethical for a firm faced with a labor shortage to employ illegal immigrants to meet its