Ethical issues of business

Ethical issues in human resource management Human resources managers strive to hire candidates who fit in with an organization's culture. They must also keep an eye on diversity and equal opportunity as well as both traditional and legal hiring practices. In short, an organization's culture can be at odds with what's the best thing to do for HR managers. As conflict arises, the HR manager must be adept at resolving conflicts between the demands of company culture and those of ethical behavior. Major Issues in Ethical Management Some of the major issues an organization deals with is handling ethical challenges in workforce diversity. The following are some of the major ethical challenges an organization faces in ethical management − Harming Some While Benefitting Others HR managers do much of the screening while the hiring process is still on. By its very nature, screening leaves some people out and permits others to move forward. In short, the ones left o...

Ethics in Finance The role of ethics in financial management is to balance, protect and preserve stakeholders' interests. Eli Lilly and Company, for example, says its code of ethics in finance covers obligations to management, fellow employees, business partners, the public and shareholders. Typical standards found in a code of ethics in finance include: Act with honesty and integrity. Avoid conflicts of interest in professional relationships. Also, avoid the appearance of such conflicts. Provide people with accurate, objective, understandable information. Disclose all relevant information, positive and negative, so that your listeners have an accurate picture. Comply with all rules and regulations governing your position and your company. Act with good faith and independent judgment. Don't allow self-interest or other factors to sway your recommendations. Never share confidential information or use it for personal gain. Maintain an internal controls system to g...

Ethical Issues in Marketing Ethical problems in marketing stem from conflicts and disagreements. Each party in a marketing transaction brings a set of expectations regarding how the business relationship will exist and how transactions should be conducted. Each facet of marketing has ethical danger points as discussed below. Market Research Some ethical problems in market research are the invasion of privacy and stereotyping. The latter occurs because any analysis of real populations needs to make approximations and place individuals into groups. However, if conducted irresponsibly, stereotyping can lead to a variety of ethically undesirable results. Market Audience Selective marketing is used to discourage demand from so-called undesirable market sectors or disenfranchise them altogether. Examples of unethical market exclusion are past industry attitudes to the gay, ethnic minority, and plus-size markets. Another ethical issue relates to vulnerable audiences in emergin...