Golden Rule in Business

In: Business and Management

Submitted By cabrerajoan
Words 1613
Pages 7
As we know, the development of the Industrial Revolution was a gateway for employment. The increase in jobs created both economic and human population growth along with the development and formulation of new businesses that were required by law to adhere to laws, policies and regulations order by the Government. The implementations of these laws trigger a dimension of management behavior to arise. Chapters 7 and 8 introduces these behaviors as it relates to a managerial perspective in the concept of Business Ethics, theories, societal agents, factors, as well as the ethical principles and development of ideas used in making essential ethical decisions in a Business respectively.
Business ethics is defined as the study of right and wrong actions in business. As in any business it is my understanding that every employee must sign a contractual agreement abiding to a company's business policies, regulations (rights for both a business and employees), and guidelines upon employment. I have witness a situation, aside from its commonality as occurrences, on Guam that most managers do not necessarily uphold to their employers code of ethics and it may simply be for reasons of unintentional (overlook) or intentional (personal gain). The theories of Amorality and Moral Unity describes how behaviors in management are perceived and judged by their ethical business standards and how society views it as proper or improper codes of conduct. In the early 1990’s, as I recall certain acts of white collar crime committed by my two relatives in separate cases have demonstrated the theory of amorality inappropriate business ethics by embezzling monies in the thousandths from their workplace. Unfortunately, one of individuals was a college graduate, while the other had the upper hand in maintaining a relationship with the business owner. They were both indicted with jail…...

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