Business ethics Essay Example | Topics and Well Written Essays - 2500 words - 2

Business ethics - Essay Example For a business organization to be able to come up with appropriate code of ethics, it important for leaders to know the kind of ethics which directs decision making and the direction the company is aiming at. Employee’s contribution is essential when creating code of ethics of a given company. This is because they are involved in day to day running of the business. When they participate, they are likely to follow or respect their ideas and recommendations. Organizations are facing great environmental instability and uncertainty. Currently, businesses, public service and voluntary organizations are operating in business contexts which are unpredictable and unstable. In addition, they are faced with rapid change. In order to guarantee companies survival, attain their specific goals and objectives as well as react to market and contextual uncertainties, organization leaders have responsibility of identifying, formulating and enforcing proper strategies. Those managing organizatio ns will have to consider normative values and standards of ethics in which the organizations and society function. Deontology is born from the word Deon, a Greek word that refers to duty. Deon refers to points of view where actions are considered as being ethical or not. It is also known to be the theory or model of moral obligation study. In terms of ethical decision making, deontological approach was known to be a non-consequentialist theory. This indicates that end results or consequences of an action or activity do not dictate whether the action was right (correct) or wrong. This is because a bad deed can cause a positive outcome. It refuses the popular view that the end justifies the means. For example, a person steals money to be able to provide food and shelter for his or her starving family. It also asserts that a good character is not good absolutely. Ones kind or good deeds or words may result in bad