Business Ethics (Part A) Essay Example | Topics and Well Written Essays - 1500 words

Business Ethics (Part A) - Essay Example Often times our myopic approach does not allow us to see the long term possibilities of an ethical action, thus we up taking the shortest and easiest way to fulfil our immediate needs. Ethical dilemmas are prevalent in every aspect of our lifestyle, starting from social groups to work place environment. Velasquez et al (2010) mentioned that ethics cannot be defined by any single definition, as it is dependent on a person’s mentality. Some people define ethics as following their feelings, while other may believe that ethical practices are synonymous to religious customs. However, on closer inspection it has been identified that our feelings often deviate from ethical practices and although several religious customs dictate ethical practices, it may vary across different religions (Bucaro, 2007). Moreover, ethics applies to a theist and atheist alike. An ethical practice also does not fall under legal criteria, because an activity although legal may be unethical. Ethics can be d escribed as developing one’s behaviour based on certain standards which dictates him to do the right thing in a societal context, which will eventually yield a long term achievement or success (BBC, 2014). Running a business operation involves following a set of rules and regulations, which defines the governance of the company. The rules are set in such a way that the company can achieve its financial goals, while meeting the stakeholder’s interest at the same time (Rafner, 2014). Due to highly competitive marketplace, some companies create a competitive work environment, where the employees and workers are given steep targets to achieve. In such a competitive environment the employees often adopt certain unethical practices to achieve their target. In jobs involving direct sales, employees often fabricate and manipulate product related information to the