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Ethical Considerations in HRM Walden University MGMT 8740 Ethics 1
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Ethics is directly related to morality, the concept of good or bad and right or wrong. The purpose of ethics is to develop, articulate, and justify principles and techniques that can be used in specific situations where a moral determination must be made about a particular action or practice (Venezia, et al., 2011). Business ethics is the degree to which morality is utilized when operating a business. Practicing business ethics establishes the company’s culture and can determine the success or failure of the company. Ethical environments within an organization manifest accountability, integrity, and commitment of its employees, which leads to increased productivity and profitability. As ethics becomes increasingly important in today’s organizations, human resource officials must prepare ethical guidelines that are established throughout the organization. To establish these guidelines, an organizations human resource department may create a formal Code of Ethics document. This document entails the organization’s values, principles, and ethical guidelines of what is expected from its employees. The Code of Ethics may contain rules on personal character/behavior, environmental/civic/community affairs, and product safety/quality. According to Prinsloo, et al., (2006), the code of ethics promotes, (1) honest and ethical conduct when handling conflicts of interest between personal and professional relationships, (2) full, fair, accurate, timely, and understandable disclosure in reports filed by the issuer, and (3) compliance with applicable governmental rules and regulations. Organizations utilizing the Code of Ethics must ensure the code is utilized effectively as this depends on how thoroughly managers will support the code and the treatment of the employees who break the code. For an ethics program to be successful, human resource personnel and management must continue to follow the code content and reprimand employees who break the code publically, in 2
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order to establish a strong foundation for an effective ethics program. These codes must be continuously renewed as the workplace continues to change. Moral Development An individual’s moral development, the person’s ability to differentiate between right and wrong, develop ethical values, and learn to act morally, develops through not only maturity, but also socialization, education, experience, and age (Zhang & Zhao, 2017). This is conceived
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  • Fall '14
  • Dr.Dimatteo-Gibson
  • Ethics , Journal of Business Ethics, Walden Library, Thoma, Tan & Wang

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