Ethical considerations cover the full gamut of business decisions. An ethical behavior is essential for a society to function properly. And the so-called ‘Black gold’ has become one of the world’s most lucrative industries. 2014). P-3A.2—When we have concerns about the professional behavior of a co-worker, we shall first let that person know of our concern in a way that shows respect for personal dignity and for the diversity to be found among staff members, and then attempt to resolve the … In any industry, ethical behavior is the responsibility of ... Selfish concerns. Managers at all levels are held to a high standard of ethical behavior. Accounting, human resources and customer communication are common areas where businesses of all types have struggled. They also deal with accountability issues involved in scientific research, consumer protections, and the overall structure of any … 2004; Steinbauer et al. No behavior should be considered ethical if it is motivated by. Report only what happened. Unethical behavior should be reported to the proper authority, but care must be taken to. Externalities are business costs that society pays for. Your Legal and Ethical Responsibilities as a Manager in the Workplace . Oil industry-ethical issues . Find a new job with better workplace ethics. Ethical business leaders have a social responsibility to avoid behavior that results in a drain on society's resources. Every day, these individuals make key decisions that affect the companies for which they work, its shareholders, and all other stakeholders involved, including society as a whole. In other cases, business ethics help or hinder companies in areas more specific to their industry and commerce. 2014) and has significant potential to affect public trust in all forms of government (Joyce 2014).Previous research has identified a number of factors that can shape standards of conduct within an organization, among which the role of leadership has attracted significant attention (Grojean et al. Introduction. In an ethical dilemma, a person chooses between doing what is wrong, or doing what is ethical because it is the right thing to do. Those who have others' interests in mind when they make decisions are displaying ethical behavior. On the other hand, ethical behaviors can also be evidenced in work relationships. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. ContentsIn recent decades, the discovery of petroleum change people’s lifestyle in a great extent. Ethics is a key component of good governance (Perry et al. Business ethics take into consideration responsibilities not just inside the workplace, but also within the environmental, cultural, and social structures of communities. Ethical Arenas. ethical behavior: Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. Individuals that behave unethically will normally loss other people’s confidence and their unethical behavior should be also punished by the law. Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. When a business pollutes a river, for example, the local sanitation department is responsible for cleaning up the mess that the business made. Leaders have a social responsibility to avoid behavior that results in a drain on 's! 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