Question

Give a good explanation of professional ethics. Do some research and give at least two examples of real-life scenarios of companies engaging in unethical behavior and the consequences of their actions. Please provide references.

Answer 1

Ans: Professional ethics Professional Ethics encompass the personal and Corporate standards a behavior Expected by professionals. A professional is a member of a profession or any person who earns their living from a specified professional activity. Professionals and these working in acknowledged professions Exercise specialist Knowledge and skill. How the use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional Ethics. . It is capable of making judgments, applying their skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills, some professional organizations may define their ethical approach in terms of a number q discrete Components. Typically these includes ů) Honesty (i) Integrity () Transparency (iv) Accountability (Uconfidentiality (vi) Objectivity (Vi) Respect & (viii) obedience to Law (ix) Loyalty

most professionals have internally enforced code of practice that members of the profesion must follow to prevent Exploitation of the client and to preserve the integunity and reputatien d the profession. Disciplinary codes allow the profession to define a standard of Conduct and ensure that individual practitioners meet this standard. by discipling them from the professional body if they do not practice accordingly. Professionally accepled standards a personal & business behaviour value and guiding principles, code of professional Ethics are often Established by professional organizations to help guide members in performing their job functions according to sound and consistent ethical principles. If you want your businen to have a good reputation in the community then you adhere to some strict professional ethics. In order to look good in the public eye, many companies have professional Ethics which show the public that they are operating a moral company for its customers. Two Examples of Real Life Scenarios of companies Engaged in unethical behaviour & the consequences : Unethical behaviour is an action that falls outside of what is considered morally right or proper for a pessonal, a profesion or an Industry Explained Above]. There are many ways that businenes engage in unethical Conduct, Exploiting their workers, their customers and even the public in large.

Unethical behavior in Business • Exploitüg workers • Tax Loopholes • Over-billing the customers • Dumping Toxins covering up car defects . unhessary medical procedures Seling cheap quality goods at high price, Eto. Effects of poor Ethics in Businen productivity levels decrease • loss of public credibility • loss of Reputation • loss of respect • legal issues public Danger and loss g Goodwill. Example 1 Apple. Apple Inc. is an American multinational techndogy company that designs, develops, and sells consumer Electronics, computer software and online sowices. The companys hardware include, i phone smartphone . iPad tablet computer • Mac personal computer • Apple TV digital media player , Etc - Everyone wants an iPhone and no one really cares if it were made by tiny child slaves who are forced to work in dangerous conditions inhaling cancerous vapors , for 10 hours a day , seven days a week, conditions at this planet are so miserable that "anti-suicide nets" had to be installed beneath the windour after a whopping 17 Employees leapt to their deaths in protest g the horrific

things they had to endure on a daily basis. Example 28 Nestle Nestle u a swiss transnational food and drink company headquartered in switzerland. largest food company in the world •Nestle products includes baby food, medical food, bottled water breakfast cereals, coffee and tea, dairy products, ice cream, snacks, Etc. Nestle aggressively pushed their breastfeeding formula in less Economically developed countries specifically targeting the poor. According to the International bady food action Network [IBFAN], Nestle used unethical methods to promote their infant formula to poor mothers in developing countries.

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