(Mt) – MGMT 314 AMU Week 8 Historical Ethical Dilemmas Paper

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Attached.Running head: BUSINESS ETHICS1Business EthicsStudent’s NameInstitutional AffiliationDateBUSINESS ETHICS2AbstractThis paper focuses on some of the unethical behaviours practised in the workplace todayand ways in which our modern businesses have transformed into conducting unethical practices.Furthermore, the paper will discuss how unethical behaviour ruins the public image of thecompany and the costs incurred in the process. Also, the paper will discuss in detail whathappened to the financial market that resulted in the 20007-2008 financial meltdown. Thefinancial market experience a tremendous financial collapse compared to the presidentialelection that year (Karlsson, Aguirre & Rivera, 2017). Diversity and discrimination are vitalissues to consider for proper management of employees of the company since they have aprolonged negative impact on the organization if not managed well. Similarly, diversity anddiscrimination should be treated as vital as an individual during the hiring processes of acompany. Also, the paper will expound on how companies implement outreach and sponsoredvolunteer programs for aid in ethical leadership.BUSINESS ETHICS2Historical Ethical DilemmasUnethical behaviors in the workforceSeveral unethical behaviours emanate in most of the organizations’ workforce. Employeetheft is one of the common unethical practices that involve workers misusing office credit cards,stealing working time for internet surfing, and also taking office items to homes for personal use(Askew, Beisler & Keel, 2015). Also, misuse of company time is one of the unacceptable ethicalbehaviours in the working environment. It includes the violation of the laws of the organization.Unethical practices among employees in companies force companies to lay down measures tomonitor their behaviours. Companies are forced to observe the ethical behaviours of theworkforce since if not controlled, its costly to the business or organization operations(Ogunyemi, & Laguda, 2016). The unethical practices can affect the business negatively and,even in the long run, reduce the returns on shareholders. Also, it is costly to the customers sincethey will purchase goods and services at high costs, or they may choose not to buy products ofthe company, which will as well as lead to bankruptcy.Teaching the workforce on the importance of practising good ethical behaviours has got apositive impact on the goodwill and reputati…

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