Business ethics Essay Example | Topics and Well Written Essays - 1000 words - 3

Business ethics - Essay Example This explains the principles of courtesy and respect. Despite the diversity that exists amongst many people concerning the acceptable ethical standards, it all boils down to societal expectations and provisions for good and bad (Shaw, 2011, p. 99). All ethical standards subscribe and should entangle with the society’s guidelines about what is right and wrong and the legal framework. The ethical standards at workplace should align with the societal moral principles such that when work ethics are breached, it directly go against the society’s moral guidelines. This essay aims at describing and analyzing, with reference to the ethical principles, a personal experience in which an issue with a moral gravity in business was resolved in order to bring out a comprehensive outlook into the decision. I witnessed a challenging situation in which an organization’s management decided to fire an employee on grounds that the employee had breached ethical of code of conduct. The employee in question, one Mr. Livingstone was a sales manager in an insurance firm. He had signed a contract to work for the firm in assisting it to restore market dominance that the firm had lost about 5 years ago due to the increased competition. The insurance industry in the last half decade had seen increased entry of organization that ended up stirring the competition. The firm Mr. Livingstone was working for had, in the process, greatly recorded low sales volume. Mr. Livingstone, a reputably popular sales manager with great success stories was hired to help transform the condition of the company. After 3 years of dedicated hard work, the organization’s performance in the highly competitive market greatly escalated to a point that they could hardly attend to all the clients or rather customers. The facilities and resources they had could not meet the demands of the customers because the number was extremely big. The organization was making great profits since they slightly raised