Atlas Honda Cars Pakistan Business ethics

The scope of this assignment is to find out what Ethics are, that is when they are taken in account for an individual or an Organization. The difference between ethics and morality plus what is the effect of culture and society on part of professional ethics. By the help of luminous example of Atlas Honda Cars Pakistan, I have tried to find out; how possibly ethics and culture affect the health of an organization. What under ideal circumstances an ethical organization should sound like and investigating whether Atlas Honda is really carrying its activities out under the flag of ethical awareness.

If yes, coming paragraphs will disclose that and, if not, this document still has some Hondaness to go with. My assignment is on business ethics, factors that influence them such as culture and society plus their importance in modern corporate culture. This I have done with the example of Atlas Honda Cars Pakistan Ltd. Business ethics is a very broad and confusing topic that can have many meanings to different individuals.

After studying what ethics are to an Organization, I found out that some people believe that awareness of ethics may lead to better business practice, while others say that If ethics training does not provide a “how to” for putting ethical theories into practical environment unlike several other business theories, how come one feel easy to implement this confusing aspect to their business. Taking the example of Atlas Honda Cars Ltd, I tried to keep an open mind and think about how variably an organization can apply some of these ideas into their own structure and decisions.

I will begin with the definition of ethics as well as the definition of business ethics. From there, I will summarize the main points of an ideally ethical organization, and then I will go back over each point and try to elaborate it with the under consideration company “Atlas Honda Cars Ltd”. Values such as respect, honesty, fairness, responsibility, etc. How these values are applied is sometimes called moral or ethical principles. Ethics involves learning what is right or wrong, and then doing the right thing, but “the right thing” is not nearly as straightforward as conveyed in business ethics literature.

Most ethical problems in the workplace are not simply a matter of “Should I as a manager do this? ” or “Should I talk about it with my Boss? ” However, ethicists assert that there is a right thing to do based on moral principle, and others believe the right thing to do depends on the situation. The concept is different with different people, but generally it’s what is right or wrong in the workplace and doing that’s right. This is also in regard to company’s products/services and customers.

Attention to ethics in the workplace gives sense to leaders and staff on how they should act. Perhaps most important attention to ethics in the workplaces helps to ensure that when leaders and managers are struggling in times of crises and confusion, they stick strongly to moral values. People think that business ethics, with its emphasis on “doing the right thing,” only asserts the things like (“be good,” “don’t lie,” etc. ), and so these people don’t take business ethics seriously. In times of stress, people with vague idea about business ethics usually end up forgetting them.

Business Ethics

Risks and Loyalties As Markham was summoned Into the conference room to begin his presentation to the board of the state pension fund, he was wrestling with whether or not to raise the liability issue. He knew there were risks either way. There was the risk that his client would choose to take their business elsewhere if he told them what he believed to be the fund’s financial reality. Furthermore, such a move would not only result in lost business, but would likely be Interpreted as disloyalty towards his firm.

But then he thought about what TLD happen during the 2008 financial crisis, and this reality gnawed at him: When the supreme crisis played out everybody was asking why, even though there were all these people that had a role in making it happen, no one spoke up? And so does somebody who is playing a bit part in creating a reprise of the last crisis have a responsibility to speak up on behalf of the pensioners themselves even though this Is contrary to the wishes of their employer and the board of trustees who has hired their employer to provide investment advice?

We all commonly find ourselves in a position where we have to tell someone something they don’t want to hear. We face this kind of communication dilemmas all the time; at home, with friends and at workplace. The range can fall between Just telling a friend about his look to the case with Harry Make, who was facing the problem of telling the board of directors about the wrong liability numbers. There are usually 2 ways of responding to this kind of dilemmas, either “saying it just right” and falling into the category of confident communicator, or failing to inform and ailing into the category of unethical cheater.

There are at least 5 different approaches for overcoming ethical issues concerning communication dilemma: * The Utilitarian Approach – action that provides the most good or the least harm for all who are affected-customers, employees, shareholders, the community and the environment. ; The Rights Approach- action that best protects and respects the moral rights of those affected * The Justice Approach- ethical actions that treat all human beings equally, or if unequally, then fairy based on some standard that is defensible. UT there is a debate over CEO salaries that are hundreds of times larger than the pay of others) * The Common Good Approach- actions that lead to the welfare of everyone In community.