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Essay / Business ethics in the private sector
The private sector is confronted with many ethical questions on a daily basis. Most of these dilemmas arise from the managerial approach and personal leadership style, while others find their origin in different daily situations. Dilemmas arise from issues that make the decision-making process difficult when business owners must choose between making the right decision and what appears to be a loss to the business. When a private institution faces such a situation, the profit motive must be strong to influence the owner's decision. However, any decision to be made will have certain consequences. When these concerns are extremely undesirable, despite the benefits, the company must look the other way. The lack of ethics in an institution contributes to structural disappointment, deterioration of customer relationships and loss of reputation created. Businesses must avoid falling prey to factors that lead to a deterioration of business ethics, especially in legal circumstances. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay Private companies are vulnerable to engaging in unethical business practices because they do not have a code of central leadership that must be followed universally like government organizations. Each organization is managed differently by management chosen by the business entity. Most of the time, the owner of the organization is the head of the business and therefore sets regulations to follow. Understanding the ethical responsibilities of private organizations will automatically contribute to their reputation, growth and operations. Before we address ethical issues in the private sector, we must first understand what business ethics means and how it relates to business operations. Business ethics refers to a set of rules for managing values related to the nature of individual behavior. Ethics balances the acquisition of profit and the values of society. The management philosophy adopted by the head of an organization is one of the major factors leading to an ethical dilemma. One of the ethical dilemmas that emerges in the private sector is that of the common good. This dilemma is common in innovative industries. This arises when a private organization is confronted with the issue of morally problematic behavior. An example of an action that can result in a moral dilemma is animal testing or test tube selection. The process leads to the production of goods and services that can, but need not, benefit large numbers of people in the long term. Although undertaking such an action may be ethically problematic, it provides a guarantee that the undertaking will be beneficial in terms of the expected beneficial effects. An example of a greater dilemma is the situation in which an organization may have an idea to create a remedy to a problem. some deadly diseases that could save many lives in the future. However, the process of developing such a cure requires testing on living animals and humans, which could eventually lead to their deaths. The process could also require the use of control groups tested with the new drug and whose members will die at some point. Another activity that falls under the common good dilemma is environmental pollution during the production process. If the organization decides to abandon this action, it will not be able to contribute to healingmany people and she risks missing an opportunity to increase the company's sales. This ethical question touches on a number of aspects. The first area it addresses is that of the internal code of conduct. The company must decide which area of focus will ultimately bring it the greatest good. The company runs the risk of going against its established ethical values. Besides interfering with corporate morality, such an ethical dilemma creates social tensions with neighboring society. The company will have difficulty existing in all levels of society. Engaging in unethical issues will cause the company to lose social acceptance from at least part of the group. In turn, the loss of social acceptance will likely lead to a reduction in the number of customers, which could affect the company's sales. The biggest dilemmas have unseen consequences that can be called real dilemmas. There is no right or wrong solution since each action has its own advantages and disadvantages. All of these consequences are serious and morally thought-provoking. A perfect example of a larger dilemma is that of interference with the social configuration of a particular environment. A private company may decide to launch a new type of service provision in a potentially important new market. In doing so, the company will have to introduce certain new practices in the field. Even though the company's activities may be beneficial to the region in which it exists, it may engage in practices that are not socially accepted in the region. Take for example a company that promotes entertainment services. Such a company may decide to open an entertainment venue in a completely new area where such services never existed before. From an ethical point of view, the company will offer services that are not suitable for all age groups. Entertainment services can take the form of a nightclub. The music that would be played from the joint would be loud, thus leading to noise pollution. The noise will act as a disturbance. Another moral problem that may be linked to the existence of a nightclub in an area is the deterioration of the morals of young people. Many nightclubs play vulgar music and are associated with young people behaving badly. Young people may start copying this behavior and become socially irresponsible people in society. Despite the negative effects of such a private business entity, it has some advantages. The entertainment complex will create employment opportunities for local people. A good number of people will be needed to work within the company on different jobs. Apart from jobs, the entertainment complex will urbanize the area and invite different people from different areas. The seal will expose the area to other people. However, the ethical issues in business entities have outweighed the benefits and that is why these issues are controversial in the first place. In the case of the example mentioned above, the noise produced by the entertainment can be so loud that it can make the surrounding area habitable. The joint will also erode the social principles of the place as more young people are likely to engage in activities they witness in the club, which is not good for society. In the long run, in the long run, this ethical issue will outweigh the benefits it brings to society because the company will continue to distance itself from society. When it reaches a stage where a company's customers begin to worry about the ethical issues that.