Abstract

Ethical issues is a problem (issues) or a situation which requires a business organization or a person to select the choices that have to be examined as a ethical (right) or unethical (wrong) ways. The ethical issues needed full of ideas, reflection, understanding, logical thinking thoughts, and a great planning to be resolved in unfolded solutions. The utmost basic and necessary ethical issues in business management are confronting of integrity (honesty) and trust. The fundamental concept of honesty includes the understanding of managing and regulating and run the business affairs with righteousness, promises, and commitments to handle each stakeholders fairly and reasonably. The ethical issues in business management have often been synchronized and coincided. Also the kinds and measures have been replaced in the current global business scenario. Moreover, the digitalization and globalization of business management has changed the ethical issues and also stressed as an indication and confirmation by the broadening of the issues and grievances. In the changing global business scenario, now-a-days business management becomes more complicated, at the same time, a numerous of ethical issues have emerged concurrently. Hence, an extensive considerate of ethical issues and precognitive of alleviate alternatives is needed, so accordingly for these analyses, consequences have been attempted. Earlier, the perception of the ethical issues in business management had linked to the administrative rules and regulations in the business organizations. But currently ethical issues are inconsistent in nature, for instance, employee’s rights issues and professional ethics. Today’s business environment, the ethical issues like honesty, fairness, and justice are the important and main issues that are constituting a complicated dilemma and impasse to the business management. Some of the ethical issues in business management are diversity issues; decision-making issues; compliance and grievance issues; health and safety issues; social networking ethics; harassment and discrimination in the work place; social media rants; ethics in accounting practices; whistleblowing; non-disclosure and corporate espionage; toxic work place culture; technology and privacy practices; questionable use of company technology; unethical leadership; and conflicting goals, etc. The objective of this research paper is to study the various aspects of ethical issues in business management and provide a way of resolving them.

Highlights

  • Ethical issues in business management can be complex and complicated to face challenges and to handle for any business owner

  • Basic ethical issues in business management comprising promoting conduct based on honesty, integrity, and trust

  • Nowadays numerous organizations recruit for cultural fit can become a camouflage for discrimination which can result in more ethical issues and legal complications

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Summary

Introduction

Ethical issues in business management can be complex and complicated to face challenges and to handle for any business owner. Even though there are numerous rules, enactments, laws, and statutes that happen to hold employees and employers accountable, these only do not completely discourage employees from behaving unethically or immorally. Ethical issues in business management circumscribe a broad range of areas within an organization’s ethical standards. Basic ethical issues in business management comprising promoting conduct based on honesty, integrity, and trust. The most complicated issues comprise generous diversity, sensitive decision-making, and compliance and governance which is constant and steady with the organization’s core values. To understand the ethical issues in business management, it is very important to focus on ethics and business ethics

What is Ethics ?
What is Business Ethics ?
Literature review
Ethical issues
Health and safety in the workplace
Diversity Issues
Whistleblowing or social Media oration
Decision-making issues
Compliance and governance issues
Social Networking Issues
Non-disclosure and corporate espionage
4.10. Technology and privacy practices
4.11. Toxic workplace culture and unethical leadership
4.12. Unrealistic and conflicting goals
4.13. Questionable use of organizational technology
Methods of resolving ethical issues
Conclusion and suggestion
Full Text
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