What are some examples of ethical decision making that occur in your past or present job or industry? What are some of the challenges to business ethics faced in today's business environment? Provide examples.
Examples of ethical decision making that occur in banking industry?
Many banks have opted to play a part in
helping the environment by making the decision to go green. Office
recycling is common in businesses, so employees can help reduce
environmental waste by recycling office paper, cans, bottles and other
Corporate Social Responsibility
Some banks make the decision to
actively better social conditions by improving local economic
conditions, offering opportunities to low-income people or serving
people in need.
Challenges to business ethics faced in today's business environment
Developing a recruitment and selection process
that screens candidates who seem likely to embrace the company's ethics
can be a challenge. Through reviewing applications, resumes and work
history, and interviewing candidates, recruiters can determine whether
candidates are qualified for certain jobs based on their functional
skills and core competencies.
Many companies mistakenly consider ethics and
compliance intertwined. They are not. Combining ethics with compliance
removes checks and balances, making objectivity of any kind virtually
impossible. Ethics refers to the manner in which you do business and
whether your company, its management and staff conduct business in a
manner that conforms to certain business standards and principles.
Feb 2nd, 2015
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