Select any two Organizations of your choice. How the ethical issues affect their business operations and what are the measures they took to overcome those ethical dilemmas.
Answers
Explanation:
1. Discrimination
One of the biggest ethical issues affecting the business world in 2020 is discrimination. In the last few months, many corporations have come under fire for lacking a diverse workforce, which is often down to discrimination. However, discrimination can occur at businesses of all sizes. It applies to any action that causes an employee to receive unequal treatment.
2. HarassmentHow to Avoid Ethical Issues in Business
A common method businesses use to manage ethical is to simply deny the problem exists. Companies often combine this with a gag order to stop employees talking. If you want to maintain a good reputation, this is the worst thing you can do. After all, sooner or later, the unethical behavior will come to light.
3. Unethical Accounting
Publicly-traded companies may engage in unethical accounting to appear more profitable than they actually are. In other cases, an accountant or bookkeeper may change records to skim off the top.
4. Health and Safety
Another type of ethical issue that is often protected by law is health and safety. Companies may decide to cut corners to reduce costs or perform tasks faster. As well as injuries, failing to take workers’ safety into account can lead to psychosocial risks (like job insecurity or lack of autonomy), which can cause work-related stress.
5. Abuse of Leadership Authority
Abuse of power often manifests as harassment or discrimination. However, those in a leadership role can also use their authority to pressure employees to skip over some aspects of proper procedure to save time (potentially putting the employee at risk), punish workers who are unable to meet unreasonable goals, or ask for inappropriate favors.
6. Nepotism and Favoritism
Nepotism is when a company hires someone for being a family member. Favoritism occurs when a manager treats an employee better than other workers for personal reasons.
7. Privacy
Employees have recently found that the distinction between work life and personal life has become less clear. This is mainly due to the advances in technology.
8. Corporate Espionage
The opposite to the above can also happen: workers can misuse company data. An employee may steal intellectual property or provide a competitor with information about a client. Usually, this is for monetary purposes, but it can also help an employee secure a position at another firm.