Question

Nancy Wills is purchasing a business named Niagara Laser Optics that is located near Buffalo, NY. The business has had several brushes with the law during the past several years, dealing with claims of false advertising and wrongful termination of employees. As a result, Nancy is concerned about the firm's ethical culture. What specific techniques could Nancy use to increase the emphasis placed on business ethics when she takes control of the firm she has purchased?

Answer 1

According to the assigned reading on Ethics and Social Responsibility, it stated that “Entrepreneurs should pursue ethical leadership to build an ethical organization and incorporate social responsibility into their business ventures”. Some specific techniques Nancy could use to increase the emphasis on business ethics when he takes control of the firm includes developing and implementing a strong ethical culture in the organization and effectively communication these ethical standards to current and new organizational team members.

The need for the organization to understand the nature of its business and develop the appropriate ethical standard vital to guiding the organization to success. For example, an organization that engage in the services of food production must ensure a clean work environment and for the employees to abide by such directives. Developed ethical culture in the organization must be effectively communicated to the employees. This will include ensuring periodical training on work ethic for current employees and including the ethical training to new hires. An organization equipped with strong ethical background creates a work environment that encourages organizational team who abides by the organizational ethics to strive to protect the assets of the organization.