The limits of the application of this principle include the question of who decides who is right and who is wrong and who has been wronged in complex situations. This is particularly the case where the facts are not available and there is no objective external competence of the Land or the Federal Government. In addition, we are sometimes faced with the question: « Who has the moral authority to punish to whom to pay compensation? » Nevertheless, as with the other principles discussed here, justice is a necessary and invaluable element of democracies and freedom. Legal ethics takes into account the many rules and regulations of each company. There are staffing issues, such as ensuring that people are hired through a fair process, have a safe work environment and fair compensation. Managers and employees are expected not to break any laws by violating, harassing or otherwise violating the rights of another person. Minimum safety standards must be met as well as labor standards established by the Occupations and Safety Health Administration (OSHA). 11. REPUTATION AND MORALITY. Ethical leaders seek to protect and build the company`s reputation and the morale of its employees by refraining from engaging in behaviors that could undermine respect and by taking all necessary steps to correct or prevent inappropriate behavior by others. Pharmaceutical companies often deal with the likelihood of harm.

A drug can help many people, but there is a chance that it will harm a small number. The measles, mumps and rubella (MMR) vaccine can cause serious side effects. The company and the Food and Drug Administration (FDA) trade benefits for millions and risk of harm to a few in an ethical decision. After much debate, society has developed a consensus that this is the best way forward. Other behaviors blessed by social consensus in the United States are considered unjust or illegal in other countries. For example, some food colours banned in the UK are widely available in the US. The ethical question was whether the medium-sized office should be entrusted to an employee who had started in the company 17 years earlier as a non-manager and was later promoted to the middle management position, or to the ambitious mid-level manager recently hired with a graduate degree. Any decision could be considered fair to one person and unfair to the other, depending on the opinions of the people involved.

For each individual involved, the principle of utilitarianism would influence the decision and be used to determine fairness. It would be in the best interest of the individual not to get the office to focus on other benefits of employment in the company, rather than perceived injustice, to lose the office battle because the situation is not very ethically intense. Watch the following video for an overview of the ethical decision-making process: An easy way to summarize this principle when considering a moral dilemma is to ask questions about a proposed action or decision: (1) Is this fair? (2) Is this correct? (3) Who is injured? (4) Who bears the consequences? (5) Do I/we want to take responsibility for the consequences? It`s interesting to think about how many disasters and corporate crises could have been avoided if leaders and stakeholders had taken these issues seriously before making decisions. For example, the following precautions could have prevented the disaster: upgrading equipment and machinery that failed during the BP and Exxon Valdez oil crises, and investment banks and lenders following the rules of not selling subprime mortgages that could not and would not be paid. measures that led to the near collapse of the world economy. One of the obvious limitations of relativism is to follow one`s own blind spots or personal interests that can interfere with facts and reality. Followers of this principle can become absolutists and « true believers » – believing and often following their own ideology and beliefs. Countries and cultures that follow this orientation can lead to dictatorships and absolutist regimes that practice various forms of slavery and abuse of large numbers of people. For example, after 1948, the all-white South African National Party and government introduced and implemented an apartheid policy of racial segregation. This policy lasted until the 1990s, when several parties negotiated its demise with the help of Nelson Mandela (www.history.com/topics/apartheid). Until then, international companies doing business in South Africa were expected to adhere to apartheid policies and the values that underpinned it.

Many companies in the United States, Europe and elsewhere came under pressure from public interest groups in the 1980s and before continuing or leaving South Africa. Abraham Lincoln described the figure as a tree and the call as a shadow. Your character is who you really are; Your reputation is what people think of you. Thus, your reputation is purely a function of perception (i.e. people think your intentions and actions are honorable and ethical), while your character is determined and defined by your actions (i.e. whether your actions are honorable and ethical according to the 12 ethical principles: management ethics are important to any business because people will follow it, what leaders do. Even if a company has ethics policies, if senior managers ignore those standards, it resonates throughout the company. This negative permeation is not always the same. This could mean that some employees may not act ethically when following the actions of leaders.

It could also reduce employee pride and morale. Universalism is a principle that takes into account the well-being and risks of all parties when considering political decisions and outcomes. It also identifies the needs of those involved in a decision, as well as the choices they have and the information they need to protect their well-being. This principle involves taking people, their needs and values seriously. It is not just a method of decision-making; It is a way of including human consideration of individuals and groups when deciding on a course of action. As some have asked, « What is a human life worth? » Ambition, competitiveness and market knowledge are key success factors, but must be guided by a strong core of ethical principles.1 To achieve sustainable and sustainable success, all employees must make ethically informed decisions about job performance and personal conduct. This is especially difficult when the stakes are high and no one else is watching.3 A set of universal standards or a personal code of ethics can serve as a guide for judging right and wrong in your daily life. Business ethics are similar in principle to standard ethics, but have much more profound consequences. From the worker on the sales floor to the manager in the corner office, decisions made in the workplace are usually judged by a much larger number of people than personal decisions. Thus, an employee`s fate, and perhaps that of the company, can increase or decrease depending on the perceived integrity of decisions made in the workplace.1 To get an idea of individual rights in the workplace, sign up for one of the annual lists of the best companies to work for (fortune.com/best-companies/). Profiles of policies, practices, benefits, diversity, compensation and other statistics of leaders and organizations related to employee well-being and performance may be reviewed. The « World`s Most Ethical Companies » also provide examples of legal and moral rights of workers and jobs.

This principle, like universalism, can be applied whenever individuals, groups, and nations are involved in decisions that violate or may violate rights such as life, liberty, the pursuit of happiness, and freedom of expression. If employees don`t believe their leaders care about doing the right thing, they may feel like their efforts to do the right thing aren`t appreciated. Morale drops, staff turnover increases, personnel costs increase, and customer loyalty and positive experiences suffer. Companies that follow the highest standards of leadership ethics typically have high morale, a very high level of productivity, and a low turnover rate. Principles contain the qualities and values that most people associate with ethical behaviour.