Is it possible for an individual with strong moral values to make ethically questionable decisions in a business setting? Big financial corporations set up insurance companies that cater to these insurance needs. I have an imposing personality with sound business ethics and work values. Running our businesses based on Christian standards doesn’t mean letting people walk all over us. I think we can look at Jesus for our example in this.
The insurance company makes profits by investing the money of the insured in other financial ventures. While this is an astonishing and sad commentary on the ethics and morals of the management of these companies, I find something else even more disgusting. Companies that act ethically impart a sense of trust and responsibility in both local and national communities; this type of trust can often promote strong business alliances.
The subject of business ethics has been a source of great debate in recent years as the heads of major (and minor) corporations are revealed as less than ethical characters both in the way they do business and in their personal conduct. A very positive note in this situation is that a review of American history reveals that ethics, morals and responsibility become more prevalent in the US after a serious financial recession.
The issues of business social responsibility, ethics, and environmental protection are on the agenda of modern companies.Social responsibility of business ethics and environmental protection are equally important and urgent tasks of modern business than the financial performance of the organization or the pay of top managers, because the issues of corporate responsibility are able to provide the same impact on business reputation and business value, as well as standard indicators of economic growth.
Granted its employees, customers and suppliers lose money because of this situation but then they all find a replacement company and continue on with their futures. When good conduct and morals are applied in all the levels of an organization’s structure, that is, from the junior employees to the management staff, the company is most likely headed for success.