Business Ethics Interpretation and Implementation

Question: Discuss about the Business Ethics Interpretation and Implementation. Answer: Introduction The topic of ethical and morality is one of the most important basics for creating a transparent business structure. In addition to several strategies, managers depend on an ethical code of conduct to increase long term sustainability of a company. The project emphasizes on a certain problem and attends to mitigate effects of the issues with the use of Nash`s 12 twelve question framework. Discussion Among several other problems the issue of data privacy is highly considered by the managers of a firm. In order to survive in the highly competitive market employees tend to value money over morality. According to Kouchaki, Feldman Gino (2015), a leak of crucial information not only leads to complex situations but also greatly harms successfulness of firms. Managers tend to question the workforce regarding several topics along with analyzing reasons for an immoral occurrence. Furthermore, a question of authority delegation, position sustainability and understanding of worker loyalty largely helps towards ethical decision making. A leak of data from the company leads to lowering of motives and also belief in the company. In addition to misusing of information, there also arises a case of grapevine and inefficient business planning which ultimately act as a direct threat to a firm (Shaw, 2016). Supervisors often seek expert help in developing a strong-hold ethical law along with questioning the symbolic potential of its practice. Conclusion Analyzing the project it can be inferred that there business organizations are confronted with several ethical dilemmas. In the world of completion, managers try to actively participate and maintain a code of morality using impacting frameworks to lead their firm towards success. References Kouchaki, M., Feldman, Y., Gino, F. (2015, May). Expressive Effects of Ethical Codes: An Experimental Survey of US Employees' Interpretation, Understanding and Implementation of Institutional Ethical Policies. InInequality, Trust and Ethics Conference: London. Shaw, W. (2016).Business ethics: A textbook with cases. Nelson Education.