Business Ethics The Fundamental Purposes Of An Organization

The main aim of a business ethics is usually to determine the fundamental purposes of an organization. A company whose goal is to maximize shareholder returns would be violating fiduciary responsibility if it sacrificed profits to other concerns. Business ethics refers to the set of contemporary standards that govern the behavior of persons in a business organization. It has both normative and descriptive dimensions. The field is primarily normative when considered as a corporate practice. The range of concern on business ethical issues focuses on the interaction of profit-maximizing behavior with non-economic concerns. Ethics are vital when it comes to regulating and details in business that are beyond government control. Organizations†¦show more content†¦Considering the growth rate of the business, it is clear that Joe does not engage in exorbitance and making unfair profits. The goal is to grow the business and sufficiently serve the community even after he is no longer in charge of the business. Among the philanthropic acts of the business that indicate their concern with humanity is helping fund 6 out of 9 treatments for a cancer patient. Christianity encourages acts of compassion and thus in its practice in alignment with Christian values, Joe’s business conforms to their outlined internal standards. The reason the company has had slow growth is due to the challenges in human resource. Finding and maintaining staff has been a major challenge especially at a time where most of the working generation despise blue collar jobs. Joe confesses that the staffing process has been an uphill task for the business which needs employees to facilitate the activities of the business towards attaining its objective. The lack of staff has made the business experience losses in unmet demands since it could not take part in projects that it could not deliver. Here Joe shows that he is a practitioner and the turning down of projects worth million because the business is understaffed an ethical act. The business keeps its word and does not promise what it cannot deliver. Experience is the best teacher as Joe insinuates when responding to