Thursday, December 19, 2019

Essay on Emerging Business Ethics Issues - 914 Words

Stakeholders play a major role in the business arena, they are charged with the responsibility of ensuring their organization is a safe environment not only for themselves but for their employees. In a seemingly competitive and morally flawed world, business people and entrepreneurs are often presented with grave ethical challenges. For this reason their personal values and beliefs play a pivotal role in the success of the organization. When concealing doubts about the ethics of others, more than a few tend to feel warranted in engaging in less-than-ideal conduct to protect their own interests. Because of these politics, in most circumstances even the most cultivated moral quarrels are unlikely to lessen this behavior. More often than not†¦show more content†¦For businesses, it’s very important to distinguish between the two. Business leaders must realize decisions that are made, especially those that are personal may be unsettling and have a profound effect on the in terest of a company; behavior such as this can result in both ethical issues and dilemmas. For this reason authors suggest individuals, should be honest, fair and above all exhibit integrity. When examining ethical issues as they relate to the basic values of honesty, fairness and integrity, it is not hard to see how they should be used not only in the business arena but in everyday life. Honesty refers truthfulness and trustworthiness. Fairness, which is the art of being just and integrity, a simple word yet it requires much. Integrity causes an individual to put service before self. Using these basic values as a guideline or rule of conduct by which we aim to live, can be crucial in any organization. Although, there are a fairly significant number of individuals who are still willing to operate on the margin or sacrifice long-term values for short-term gains, some companies have learned these three basic rules the hard way and have begun to take a different course of action based on their prior downfalls. AccordingShow MoreRelatedEthics of Offshoring Novo Nordisk Essay925 Words   |  4 PagesJennifer Tsai Subject: Ethics of offshoring Date: 05/23/2011 Critical issued of the appropriateness of conducting clinical trials in emerging countries has arisen over years. Being a leading company in biopharmaceutical industry, Novo Nordisk faces the critiques of whether it is justice to offshoring their clinical trials in developing economies. 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