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Business Ethics

In today's modern world of business, individuals constantly face ethical dilemmas.

Ethics, in its broader sense, deals with human conduct in relation to what is morally good and bad, right and wrong. To determine whether a decision is good or bad, the decision maker must compare his/her options with some standard of perfection. This standard of perfection is not a statement of static position but requires the decision maker to assess the situation and the values of the parties affected by the decision. The decision maker must then estimate the outcome of the decision and be responsible for its results. Two good questions to ask when faced with an ethical dilemma are, "Will my actions be fair and just too all parties affected?" and "Would I be pleased to have my closest friends learn of my actions?"

Practitioners have a responsibility to:

• Maintain an appropriate level of professional competence by ongoing development of their knowledge and skills.

• Perform their professional duties in accordance with relevant laws, regulations, and technical standards.

• Prepare complete and clear reports and recommendations after appropriate analyses of relevant and reliable information.


It might seem that since all citizens benefit from good ethics, we would all willingly respond to urgings that we each cooperate to establish and maintain the common good. But numerous observers have identified a number of obstacles that hinder us, as a society, from successfully doing so.

• Clarify relevant ethical issues by confidential discussion with an objective advisor to obtain a better understanding of possible courses of action.

In applying the standards of ethical conduct, practitioners may encounter problems in identifying unethical behavior or in resolving an ethical conflict. When faced with significant ethical issues, practitioners should follow the established policies of the organization bearing on the resolution of such conflict. If these policies do not resolve the ethical conflict, such practitioners should consider the following courses of action.

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Supreme Consciousness, BENEFITS EMPLOYEES, Course Action, Integrity Practitioners, , CONFIDENTIALITY Practitioners, COMPETENCE Practitioners, ethical behavior, • refrain, ethical conflict, responsibility •, decision maker, information acquired, ethical issues, acquired course, information acquired course, confidential information acquired, • refrain engaging, parties affected, significant ethical, requires cooperative efforts, courses action •,

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Approximate Word count = 1551
Approximate Pages = 6 (250 words per page double spaced)


  

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