The market system is primarily designed to relate to the need of upholding ethics in business contexts to ensure that people that are pricing goods, as well as the ones who are negotiating to purchase those goods, are subjected to fair and just treatments. This essence is distinguished from the law because of the fact that the law requires that business people conduct their business activities under particular mandatory regulations that are primarily developed from the basis of equity and justice. The concept of ethics is also distinguished from morality because there different perspectives that are substantially considered as moral. Additionally, ethics can also be regarded as respect to justice and fairness.
Ethics in relation to relativism, it has been substantially provided that, the underlying perceptions does not provide an absolute truth or rather validity. Instead, they have relative, subjective value in respect to the differences in perception as well as consideration. Consequently, psychological egoism means that human beings are fundamentally motivated by self-interest even in the underlying acts of altruism. Utilitarianism can be described as a theory of normative ethics that stipulates that a proper course of action is the one that maximizes a given utility and specifically maximizes the respective happiness while reducing the suffering. Far from that, deontology is primarily a normative ethical ideology from where the morality of an act is usually judged considering the adherence of the rules and regulations. On that regard, virtue ethics essentially involves rightness or wrongness of a given act that is derived from the final outcome of the act.
Character ethics is primarily a concept that is used to portray that individual’s advance basing on their characters. Consequently, the ideology is used by organizations and individuals to design the ethical standards that can propel them towards the achievement of their goals. The golden rule that defines character ethics includes modesty, simplicity, fairness, love, humility, fairness, and consequently the golden rule amongst other things. In short, character ethics is the foundation of success. Far from that, the female ethic is an idea that is used to show that the morality of women and men are different. Human rights, on the other hand, are sets of rights that are inherent to all human beings irrespective of their skin race, tribe, religion, and social status amongst other aspects. They apply equally to all people all over the world. Finally, ethical action is substantially a collection of our main commitments in ensuring that we honor the worth of other individuals by cultivating good relationships and building justice. More importantly, the concept is used to describe how we work with others to bring the best out of them and ourselves.
Employee issues are made up of various sets of sub-issues. The right to work affects employees because it involves the employer choosing the group of individuals that would want to hire. Besides that, employment at will is whereby an employer may choose to dismiss his/her employee of employees without substantial reason or without warning. Due process is the underlying legal requirement that compels that state to respect the rights that are owned by individuals. Employee participation is a situation whereby the employees are involved in making decisions at their workplaces at the expense of just following orders. Health and safety rights are regulations that are designed to highlight the safety measures that should be provided in work environments. Family responsibilities that can also be described as caregiver responsibilities are measures that are put in place to ensure that employees are not discriminated because of their family backgrounds. The right to privacy is a concept that is primarily used to justify that private information of individuals should be protected from public scrutiny. Substance abuse testing is a biological process that is usually conducted to determine the presence or rather the absence of particular sets of substances in metabolites of individuals.
Business ethics are designed to equip the learners with skills of applying decision-making models not only in for the purpose of completing their courses but also to apply the concept in business contexts. More importantly, professional ethics and responsibilities of intermediaries, managerial responsibility and loyalty, and employee responsibilities enable the students to apply the knowledge that they have acquired in their business activities and the development of the community. It prepares the learner to equip themselves with skills that can enable them to deal with actual business experiences in their lives as well as the community at large. Also, learners are able to gain the techniques of handling community issues with maximum ethical considerations at all times.
Ethical leaders are instrumental in instilling moral responsibilities to the groups that they lead. Other than being acting as the core figure of promoting guidance in their areas of jurisdictions, they are also significant in fostering and cementing molarity within their groups. For instance, John F. Kennedy was a remarkable leader who instilled morality amongst his followers and the greater American nation as a whole. In fact, he was an extraordinary figure that is still looked upon by the current leaders for the purpose of acquiring leadership knowledge in leading their groups.