BA 301 week 3 discussion Ethics in the Workplace

Ethics in the Workplace

Name:

Institution:

Tutor:

Course:

Date:

Ethics in the Workplace

Ethics refers to a set of values that enable an individual to decipher between right and wrong. It basically guides the application of moral principles, standards of behavior, or set of values regarding proper conduct in the workplace as individuals and in a group setting. Ethics are very important in the workplace because of several reasons. To begin with, it allows for good inter-personal relationships between different employees. It also enables an individual to perform their duties as required because not only are they bound by the terms of the contract of the workplace but also, they are obliged to perform what is ethically acceptable.

Several companies have different ethical standards, however most ethical values revolve around the following values: Trustworthiness, Respect, Responsibility, Fairness, and Caring. Upholding good ethics facilitates good relationships between the management or the Supervisors and the employees, between the employees themselves and between the employees and supervisors and their customers. Stipulated ethics within the workplace has several benefits including fostering of loyalty, creation of a desirable work environment, production of good results, creation of good references and good office morale. It also brings about growth and expansion within the company which then is followed with recognition of the excellent performance of the company.

The absence of ethics in the business world would be severely detrimental to businesses at large. As such, there are several consequences associated with poor ethics or the total absence of ethics among businesspersons all over. Mainly, it leads to several Illegal practices such as stealing, ignoring procedures and policies, abusing confidentiality agreements, falsifying information and making decisions for personal gain. It also causes lack of communication, poor customer services, ignoring problems, blackmail, lying and taking of bribes and other forms of corruption when transacting businesses. Finally, it fosters absenteeism and lack of punctuality within the employees of companies engaging in the business transactions and therefore brings about disagreements between business partners and companies at large .