Verified Document

Favour Of Ethics In Business: The Linkage Essay

¶ … favour of ethics in business: The linkage between ethical behaviour and performance" by Upadhyay & Singh (2010). The article has a rather broad set of stakeholders. The first of these is the general business community -- this includes all managers and decision-makers within business. Investors and shareholders are another stakeholder, because the authors are studying the link between ethics and performance, the latter being critical for shareholders. Ethics also affect the environment and the general public, which makes both of them stakeholders. Technically, one firm's performance will also affect that of its competitor, and its supplier and customers as well, so they are all stakeholders. Governments are always keen to get their fingers in pies, so governments tend to be stakeholders as well.

The authors are discussing the issue in general terms, and in this case they do not fixate on a single business. They are discussing the concept of business ethics rather generally, and therefore their discussion pertains to all...

There is no one individual firm at the center of the article.
The topic of the article is important, however, in the context of my professional life as someone who expects to spend a lot of time in the business world. I see that I need to consider how I will best perform in the course of business. As a manager, I will always be pressured into investigating how I can get the best returns for shareholders, and I feel ethical issues are often framed as tradeoffs between improving profits and acting ethically. What the authors are showing here is that this classic dilemma represents a false dichotomy, and that ultimately there is a lack of understanding of the link between ethics and performance. The authors are seeking to develop a better understanding of that link, and the reality is that ethical performance is correlated with financial performance. There are instances in the short run where we feel that perhaps the trade-off is negative, but ultimately, over the long-run the trade-off is positive. For me as a manager, this is…

Sources used in this document:
References

Upadhyay, Y. & Singh, S. (2010). In favour of ethics in business: The linkage between ethical behaviour and performance. Journal of Human Values. Vol. 16 (9) 9-19.
Cite this Document:
Copy Bibliography Citation

Related Documents

Business Ethics an Ethical Issue Refers to
Words: 1848 Length: 6 Document Type: Essay

Business Ethics An ethical issue refers to a situation whereby an organization is required to choose amongst alternatives that must be evaluated as either wrong or right. For example, an ethical issue arises when a business company opts to make as much profit while pollution the environment, the dilemma here being the regulation and social consequences. The company management may opt to bribing the regulation implementing organization as long as they

Business Internationally the Search for
Words: 4281 Length: 12 Document Type: Term Paper

Viewing work as a load or limitation assumed more marked in the U.S. within 1982 and 1989. We have observed that work can be felt as a compulsion or a prerogative. Disparities among nations on these values are vital issues to assist us in comprehending contractual relationships between employees and the enterprise. Whereas there is increased concord among the Western and Asian communities regarding what plays a role to

Sole Proprietorship and Business
Words: 3908 Length: 12 Document Type: Term Paper

Knowledge Integration Project 1A) Business owners must take a number of different factors into account when determining the form of business. They have to consider the sources and types of risk that the business takes, if there will be employees, and considerations about raising capital or splitting ownership, which can be quite a complex issue depending on the business. In addition, whether there will be any employees matters. Each jurisdiction has

Teaching Ethics
Words: 3725 Length: 10 Document Type: Term Paper

Teaching Ethics In the realm of psychology and education, moral education is continuing to be more and more an accepted subject. Several people in the U.S. inclusive of educators involved with education for democratic citizenship are underlining for effectual moral education of the youth because of an overall moral crisis confronting these youths. People are clamoring for announcing a moral crisis in our nation in the wake of media coverage of

Environmental Ethics and Morality Ethics
Words: 3932 Length: 11 Document Type: Term Paper

" Humans have become "obsessed" with the idea that the masculine should dominate the feminine, the wealthy should dominate the poor, humans should dominate "nonhuman Nature," and Western cultures should rule over non-Western cultures (Devall, et al. 264). Devall and Sessions believe that while "some leading intellectuals" in the Western culture have viewed religion is merely superstition, and yet there are religious traditions (such as Buddhism, Taoism, Native American rituals and

Ethical Theories in Nursing
Words: 4777 Length: 10 Document Type: Essay

Nursing Ethical Theories Ethical Theories in Nursing Significance of Moral in Nursing Deontology vs. Utilitarianism Deontology Utilitarianism Justice Ethics vs. Care Ethics Justice Ethics Care Ethics Rights Ethics Conflict of Rights Ethical Theories in Nursing Moral philosophy has moved from addressing Plato's question of what makes the good person, to Kant's query as to the right thing to do, to Buber's concern with relationship. Whether referring to business ethics' interest in relationships between corporations and consumers; legal ethics' focus on relationships among

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now