This research paper investigates business ethics teaching and the categories of business ethics. There are existing myths that business ethics is not teachable. Beliefs are that developing of morals is in childhood and not adulthood in employment. Research reveals moral judgment develops throughout childhood and young adulthood. Considering most individuals start working at the young adulthood stage; hence, business ethics is teachable. The importance of business ethics is visible in the organization’s output, that is, increased productivity. Young adult employees in their twenties and thirties are still developing. The development process’s influence is through social interactions among their peers, parents, and other significant individuals. Ethical behavior depends on moral character. Besides, an individual’s upbringing determines their moral direction.
business ethics teaching and types of business ethics
ANALYZING THE VARYING CATEGORIES OF BUSINESS ETHICS
The importance of business ethics is not only on the organization but also on employee moral growth. Business defines guiding principles for what is right and wrong. Therefore, determining the conduct of business owners and customers. Thus comprehension of the categories of business ethics is essential in realizing the importance. The first is personal responsibility involving an individual’s belief, such as honesty. These beliefs matter in business ethics. Secondly, official responsibilities that require the performance of all assigned duties. Thirdly, personal loyalties concerning loyalty levels to superiors and subordinates. Moreover, economic responsibilities towards economic activities are equally essential. Business ethics teaching is a continuous process in the organization.
analyzing the varying categories of business ethics
THE IMPORTANCE OF BUSINESS ETHICS IN ORGANIZATIONS
The importance of business ethics varies depending on the industry. Some ethics are part of a country’s law, including environmental regulations, minimum wage, and insider trading. The government sets rules and regulations concerning these areas. Adherence to these regulations is a requirement of all businesses; otherwise, they face legal implications. Business ethics develops an organizational reputation for the public and investors. As a result, increasing sales and investment levels. Thus, business ethics teaching is crucial for business success. Moreover, organizations have incentives for being ethical due to expanding social responsibility. They give back to the surrounding through initiatives of corporate social responsibility. The categories of business ethics steer businesses and their employees toward ethical ways.
importance of business ethics in organizations
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