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Assignment 4

ASSIGNMENT 4

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16 views

Assignment 4

ASSIGNMENT 4

Uploaded by

simrak360
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Submitted By-:

Md Mahtab Alam
2021MBA34
Are best practices contradictory to ethical
practices?
Why do ethical codes fail?

No, there is no conflict between ethical business practises and best


practises. In actuality, ethical issues are frequently a crucial part of best
practises.

Business ethics refers to the values and principles that govern people's
and organisations' conduct in the business sector. These values
encompass social responsibility, respect for others, honesty, integrity,
and justice.
Best practises, on the other hand, are tried-and-true procedures, tactics,
or approaches that have been shown to be successful in reaching
particular aims or targets. To guarantee that they are in line with broader
society expectations and norms, best practises frequently contain ethical
concepts and values.
For instance, a business that adheres to best practises in customer
service will place a premium on openness, justice, and honesty in their
dealings with clients. These guidelines are also moral precepts that
support establishing trust and preserving a good name.

In conclusion, ethical behaviour and optimal business practises are not


at odds but rather work well together. Organisations can accomplish their
objectives and act in an ethical and socially responsible way by
incorporating ethical concepts into best practises.
There are a number of reasons why business ethics guidelines could
fail:

Lack of dedication: For ethical norms to be effective, dedication must


come from all levels of an organisation. Lack of commitment could result
in ethical standards not being upheld and transgressions going
unreported.
Ineffective communication: To guarantee that all employees and
stakeholders understand what is expected of them, ethical norms must
be effectively conveyed. Ethics may not be upheld if the communication
is ineffective or inconsistent.
Goals in conflict: When a company's goals clash with its ethical
standards, employees could feel under pressure to put business
objectives ahead of moral ones.

Absence of accountability: Ethical codes need to contain explicit


reporting and investigation procedures. If there is a lack of accountability,
staff members can believe they can act unethically and get away with it.

Resistance to change: Organisational culture, rules, and procedures


may need to be altered in order to comply with ethical standards. The
complete application and enforcement of ethical standards may not be
possible if there is opposition to change.

Ethical dilemmas can be complicated, and ethical norms may not always
give clear instructions on how to handle them. Employees may find it
challenging to distinguish between morally right and wrong behaviour as
a result.
In conclusion, weak commitment, poor communication, conflicting goals,
poor accountability, reluctance to change, and complex ethical
challenges can all lead to the failure of ethical codes in business.
Organisations can develop ethical codes that are successful and
encourage ethical behaviour by taking these considerations into
account.

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