The impact of unethical practices

Top risks and costs of unethical behavior in business conduct May 13, at 8: A quick scan of the business environment reveals that unethical business conduct has risen to the point where trust in our businesses and institutions, as well as the very systems that make our society work, are in a position of significant risk. One could make the case that at no time during the last 20 or 30 years have business ethics been of such paramount importance to the well-being of our business and government entities and our way of life in this country.

The impact of unethical practices

The impact of unethical practices

Ekpo-Ufot found that reported frequencies of unethical behaviour were high and were virtually the same among the studied groups. Ogundele findings were similar to Ekpo-Ufot study, except that the latter study isolated the twelve factors that were responsible for unethical behaviour.

Effects of Unethical Behaviour on Business - Yonyx

Leadership, which was singled out as being central in promoting corruption in Nigeria was a major factor. The present concern for business ethics or ethical behavior in organizations is similar to the social responsibility debate of the s. Around the mid — s in the U. S, questions about the role of business and debates about the business-society relationships had reached a significant pitch Mintzberg, On the surface, there were elements for radical change, which included: Widespread debate of the subject of Ethics; 2.

Widespread call for social audit; 3.

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The introduction of codes of practice; 4. New literature on Ethics springing up in business schools; All these were set in an atmosphere of serious ecological concern Gray, Therefore, codes existed as a significant part of organizations life.

Literature of business ethics is mostly described in terms of individuals and in particular the self-interest or the moral motivation of individuals. Organizations on the other hand, are seen as managerialists, where managers have powers in their own hands to change organization to benefit their own interest.

This is a simplistic view.

Impact of Unethical Behavior Article Potential acts leading to unethical practices and behavioral in accounting is evident. These acts are in violation of the Sarbares Oxley Act of (SOX). A recent article on the student website is reviewed to identify potential factors leading to unethical practices and behavior. The article analyzed is. Reviewing the examples of unethical behavior in this article can help clarify whether a certain behavior is right or proper. Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry. This chapter basically examines the contributions of some experts, practitioners and scholars toward the impact of unethical business practices and the promotion of ethical practices as a demand that must be met in order to have a cordial interlink between the manufacturers and the .

In actual practice, the process of changing the moral or ethical behaviour of organization is profoundly complex and requires careful approach Smith, Gray suggested two approaches in introducing The impact of unethical practices changes in the society.

The first approach is the revolutionary option. This stems from recognition that the problems we perceive are the result of systematic distortion and this morphogenetic change can only be achieved through systematic change. Second is the market option doing nothing.

This is formed on the principle of person selfishness, which sees the calculated cleverness in the interest of self. This option is, unethical and shows no desirable possibilities. The above discussion of the practice is not intended to show that ethical issues are not given the much attention that they require.

Rather, it is to show that there are considerable rooms from improvement. Studies of ethics have been made compulsory courses in the advanced countries in institutions of learning based on the belief that the more you teach or repeat them, the more they are likely to take root in the hearts of the people and consequently influence their behaviour.

Akinyemi noted that one of the greatest social and economic problems in Nigeria and indeed Africa, which must be tackled, is that of breakdown in morals, work ethics, discipline, social responsibility and general civility among its citizens. These had made the attainment of national development goal difficult and equally resulted in low performance of manufacturing sector in Nigeria.

Ethical problems have forced various governments in Nigeria since the administration to introduce one form of legislation or the other to curb this monster. Since and up to date, Nigeria had consistently been listed as one of the corrupt countries in the world by Transparency international.

The reported survey of 91 countries ranked Nigeria 90th while Bangladesh ranked 91st.

Effects of a Lack of Ethics on a Business Environment | lausannecongress2018.com

Ogundele reported that other countries in Asia, at the same level of economic development as Nigeria at independence had established more manufacturing industries that responded positively to government economic policies, thus making their countries better developed than Nigeria.

Such a sum, if properly used, could have catapulted Nigerian manufacturing sector and Nigeria as a whole into the rank of industrialized nations of the world.

The various governmental initiatives and actions and the writing of concerned citizens were targeted at ensuring and putting in place an ethically decent society. The present study of ethical behaviour in Nigerian manufacturing sector attempts to establish how far Nigerians and Nigerian organizations have moved towards establishing ethical behaviour.

Other studies focus in behaviors that fall below minimum standards of morality, such as lying and cheating Trevino, Weaver and Reynolds, Regardless of the area of focus, unethical acts are of concern to a nation, and are so common in organizations.

Most unethical activities within organizations are supported by an organizational culture that encourages employees to bend the rules Farrell, It is worthy to state that ethical issues are not limited to profit organizations alone.

In government and public service, several politicians and high-ranking officials have been forced to resign in disgrace over ethical indiscretions. A good example would be the New York governor, Eliot Spitzer, who had a reputation for fighting crime.

He stumbled into an ethical mess of his own making. While there are bodies striving to enhance ethical business practices, there are also a set of persons crumbling their efforts, in the name of maximizing profit and market sustainability.Top risks and costs of unethical behavior in business conduct May 13, at AM One does not have to look very far in today’s world to see numerous examples of an absolute erosion of ethics and basic core values and guiding principles of what is right and what is .

Unethical practices within a business can have a very negative impact on a company. Employees with lax attitudes concerning such behavior can be problematic for their employer. There are rules and guidelines in place to govern against unethical behavior and if found guilty of breaking those rules, one may incur consequences that include fines.

Reviewing the examples of unethical behavior in this article can help clarify whether a certain behavior is right or proper.

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry.

What Negative Impact Does Unethical Behavior Have in Information Technology? by Damarious Page. Impact of Unethical Behavior Article Potential acts leading to unethical practices and behavioral in accounting is evident.

These acts are in violation of the Sarbares Oxley Act of (SOX).

The impact of unethical practices

A recent article on the student website is reviewed to identify potential . the impact of unethical business practices on the nigeria manufacturing sector ((a case study of wood work furniture, abuja).

Top risks and costs of unethical behavior in business conduct | LVB