Managing Business Ethics Essay Example

the management always wants to undertake decisions that increase the profits for the organization. Nevertheless, there is a need for the management to uphold a high level of ethical practices and morality. Consequently, the recent past has seen an increasing level of standards of life due to the persistent desire for morally acceptable practices by many organizations (Durif et al, 2009). In spite of the requirement for ethical practices in organizational management, it is imperative for the management to understand the right limits of ethical performance suitable for the attainment of organizational goals. The nature of life portrayed in the animal kingdom is such that a mother species can at times consume their children.On the other hand, organizations may need to implement certain measures that benefit them by establishing their position in the desired market. Ethical principles serve as the foundation for various concepts in modern organizations. Ethics guide the priorities of all organizations. The management must find a balance between the different pursuits of an organization and the need to uphold morality in its practices. Ethical considerations are significant as they shape corporate priorities in most of the business organization's activities. The pursuit of ethical practices in business has greatly influenced how businesses and organizations decide on their profit-making operations. Ethical business involves making socially responsible decisions instead of solely focusing on profit maximization. In business and management practice, observing ethics is crucial. A manager cannot neglect ethical considerations in order to solely pursue profit maximization. Moreover, the fact that ethical practice is at the forefront of modern business means that all management decisions should be directed towards ethical behavior. Therefore, business decisions related

to profit maximization, employment, production, corporate restructuring, and virtually all decision-making activities need to be grounded in ethical considerations.The management frequently faces the challenge of dealing with the inclination to prioritize personal gain and financial success over ethical concerns.