Ethical Considerations in an Organisation

Ethical Considerations in an Organisation Introduction Ethics largely relates to the principles which oversee acceptable behavior and morality. In an organizational setting, it governs both the personal and corporate behavior, including their advancement to dealings with the interest groups and the environment. Thus, processes, which involve accountability, of finances are guided by ethical codes which guarantee their appropriateness.Advertising We will write a custom essay sample on Ethical Considerations in an Organisation specifically for you for only $16.05 $11/page Learn More For instance, there are organizations where the top officials are a stumbling block to the making of ethical decisions. As they manipulate employees in to making unethical decisions, so as to benefit themselves. Such acts are against the professional ethics codes. Statement of the ethical dilemma While working as an accountant in an investment organization two years ago, I experienced an ethical dilemma, which tore me apar t. One morning, my marketing manager, walked in to my office asking me for a check of $ 650 for expenses he had incurred entertaining a client the previous night. He submitted receipts from a restaurant and hotel accommodation. Thus, I requested to be given time to complete the transaction, in accordance with the company procedure. Later that day during lunch break, a woman whom he was involved as illustrated by an extra marital affair, walked into the company cafeteria. She stopped right by my table and engaged in a phone conversation, in which I overheard her mention my marketing manager and how they had a good time the previous night in the hotel. The details were indicated on the receipts submitted to my office. I then realized the information my manager had given me was false. As a result, I did not know what step to take. Failure to adhere to his request would guarantee my dismissal. At the same time, I could not refund him basing on false information he had provided. This was against my professional ethics conduct. Organizations involved This company is the Prudential Company, which majors in the issuance of life cover and venture administration proficiency to provide persuasive asset development. This is in addition to, protection solutions for the ever-increasing sequestration needs of persons and business in the U.S. and abroad. Real stumbling blocks The company had a great chance of making huge profits from the investment transactions it was undertaking. The stumbling block was misappropriation of funds by the top company executives. Since, competition within investment organizations continue to strengthen as more companies sprout to suit the need of increased profitability.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Many companies are implementing strict financial management, which involves cutting down on disbursements. The recession influe nces resolutions for citizens on how to invest. Thus, profits would dwindle if the company continues to misappropriate funds. There are several interest unions which monitor and ensure the applicability of ethical considerations to gratify the need for fairness and accountability in the management of organization finances. Ethical decision making may vary in diverse organizations who may value it depending on its impact to the society. Leadership My department supervisor decided to take the lead in dealing with this ethical dilemma. As he was the principal accounting officer thus he was in charge of all monetary transactions. While citing his reasons, he explained that the greatness and outcomes of any unethical decision arising from the dilemma would prevail over the integrity of the organization’s values. Solving of the ethical dilemma Despite the fact that we risked losing our jobs, my supervisor and I reported this to the company director. Above all, we had the responsibi lity of making an ethical decision. As a result the marketing manager was suspended for misappropriation of company funds. In my judgment, the manager abused his office authority, and was supposed to be charged for attempted fraud. The situation was resolved ethically as there was a need to put this vice to a stop. The decision was reached with reference to the dynamics of ethical decision making, which include; professional role, attitudes, motivations and personal preference. Conclusion In the appliance of ethical considerations, there are general factors, for example, the assumption that unethical behaviors are part of any organization. Further, ethical considerations may go unrewarded in most instances.