Ethics and Moral Principles Essay Example | Topics and Well Written Essays - 750 words

Ethics and Moral Principles - Essay Example The application of moral philosophies to business enterprises is a challenging undertaking especially considering the fact that the market is a mix of various personalities and culture, therefore what seems to be right for one party may be unbecoming for another. This, Hume & Sayre-McCord (2006), emphasize, calls for careful attention when applying these philosophies in diverse world with a mix of personalities Owing to the fact that business ethics is an extension of moral philosophy, several businesses come up with specific organizational culture that enables them to concentrate on enhancing their employees’ moral responsibility. The creation of organizational culture has the benefit of producing honest employees with a refined business ethics. Perhaps application of moral philosophy like enforcing codes of behavior within an organization fosters discipline among the employees in the end. Moral philosophies play a major role as far as employee relations and public perception are concerned. Most people use these philosophies as the yardsticks for determining the moral standing and perception of the organization (Hume & Sayre-McCord, 2006). Ferrell, Fraedrich, and Ferrell (2013) confirm that the behavior of individuals is solely a function of their moral ethics and these in turn affect their ability to make wise and informed decisions. Moral philosophy is an integral part of behavior and decision making in that it shapes the individual ethics of various employees in a business setting for example an employee may decide not to participate in office gossip. Due to the damaging nature of the talks, the employee makes an ethical decision, duly guided by the moral philosophies that they uphold. Employees who embrace the moral philosophy will tend to make wiser decisions in any environment. This philosophy also has the tendency of polishing their general behavior. Another element of behavior and decision-making is the engagement and participation in corporate social responsibility (Ferrell, Fraedrich, & Ferrell, 2013).  This may include the employees taking the initiative to help the needy, and actively participating in improving the social and economic conditions of the immediate environment. Individuals act in a responsible manner and shun self-interest to devoting service to humanity due to the virtues that moral philosophy instills on them. This shift of behavior and decision-making skills is beneficial both to the organization, and to the public at local and regional levels (Ferrell, Fraedrich, & Ferrell, 2013).   With many organizations across the world adopting moral philosophies in their business environment, certain global strategic plans have received a boost, as they require the spirit of moral and ethical responsibility from each one of us (Gillroy, & Bowersox, 2002).  . A classic example is the going green initiative. Virtually all organizations participate in environmental conservation activities like reducing and reu sing environmental waste. This global initiative propelled by moral philosophy, has attained major milestone in curbing global warming that is part of the global strategic plan. Hence, moral philosophies have a positive impact on the global strategic planning. Gillroy, and Bowersox (2002) state that moral philosophies may have a significant impact in the alleviation of poverty around the world especially in the hard hit nations in Africa through embracing the recommendation