Principles of Management: Ethics in Business (Essay Sample)
NATURE OF THE TASK
This is an individual assessment task.
INSTRUCTIONS
Students are required to write a 1,200-word essay (excluding the reference list) in response to the question
posed below:
ESSAY TOPIC: Ethics and managerial responsibility
MAIN ESSAY QUESTION:
‘A number of recent scandals, most notably in the Australian Banking Industry, emphasise the need for more robust managerial practices that sustain a stronger sense of ethics and moral responsibility in corporations.’
RELATED QUESTIONS:
You should critically discuss the following related questions:
1. Explain what is meant by ethics in business.
2. Why is it important for business to behave ethically?
3. What are the possible causes of unethical business behaviour?
4. What can be done to ensure business responds to the need for behaving ethically?
PRINCIPLES OF MANAGEMENT ASSIGNMENT
ETHICS IN BUSINESS ESSAY
by Student’s Name
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Principles of Management Assignment
Ethics in Business Essay
Business ethics can be defined as a field of right and wrong that affects the behavior and the execution of relevant business practices and policies in relation to controversial circumstances. Unethical business behavior occurrence in companies can be disruptively alarming for business operations. Kinicki, Williams Scott-Ladd & Perry (2011) revealed in their National Business Ethics Survey that ethical standards at places of work might improve, but substantial issues will exist. Many American employees, 41%, experience ethical transgression at their jobs, while 9% are impelled to ignore ethical standards and moral principles to adhere to job projections (Kinicki et al., 2011). This essay examines the significance of ethical behavior in business, causes of unethical behavior, and the methods businesses can adopt to respond to required ethical behavior.
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