Many corporations encounter issues that test their understanding of morality during their interactions with different stakeholders in the work environment. Ethical issues position organizations in a difficult spot with stakeholders, who question their approaches and intentions in some of their activities. Evaluating each policy’s impact before presenting it to individuals creates an opportunity that business leaders can exploit to discover the effects the regulations would have in the modern world. Understanding the different aspects that threaten the image of a company in the market environment compel departmental managers to develop a set of practices that dictate their employees’ interactions in the workplace. Engaging experienced professionals enables corporations to overcome challenges that affect individuals’ perspectives towards life in the contemporary corporate world.
Ethical and social issues, such as privacy and confidentiality, employee discrimination, and accountability must be resolved using strategies that elevate an organization’s status in the market using approaches that enhance its market performance.
Companies must account for their activities and operations in the business environment. Organizational stakeholders expect speedy responses and other aspects of transparency that demonstrate a firm’s sense of commitment to realize its objectives. In many instances, company managers might interfere with book records to project false profit numbers to maintain stakeholder confidence. Unethical accounting practices position an organization in a difficult situation with its employees and stakeholders when it fails to meet their expectations. Handling this aspect of accountability requires business leaders to embrace honesty and face challenges to resolve them.
Technological innovations have raised ethical issues that compel corporations to indicate their contribution to the flouting of standard rules and regulations. In this regard, many recent changes defy users’ privacy and confidentiality because of the nature of the technological tools and functions. For instance, Netflix was accused of capping user data to enhance the streaming quality of videos on the platform. Over the years, the streaming platform has made poor technological decisions that changed the public’s perspectives of home entertainment (Kemerer and Dunn 7). Identifying the impact of modern innovations creates an enabling environment for conversations on issues that affect individuals’ attitudes towards life.
Employee discrimination is one of the ethical issues that can disrupt company performance by ruining organizations’ image in the corporate world. For employees to be discriminated based on color and race, a firm must have a weak organizational culture that fails to dictate the nature of interactions in the workplace. Understanding the concepts that contribute to the emergence of many of the ethical and social issues reported around the globe requires individuals to associate with specific identities. Company managers should also have a strict policy on discrimination because it impacts an organization’s operational performance (Kerppola et al. 5). Likewise, establishing an inclusive organizational culture promotes diversity and enhances tolerance for different opinions and perspectives towards topical issues.
Ethical and social issues, such as privacy and confidentiality, employee discrimination, and accountability must be resolved using tactics that elevate an organization’s status in the corporate world using approaches that enhance its regular market performance. Overcoming problems that affect an entity’s ability to achieve its desired goals requires it to identify issues that hinder growth and development. Therefore, company managers should establish stringent measures against individuals who flout regulations the corporate world. They should also have a productive organizational culture that improves their relationships with stakeholders.
Kemerer, C., and Dunn, B. Netflix Inc.: The Disruptor Faces Disruption. Richard Ivey School of Business Foundation, 2017.
Kerppola, M., et al. H&M’s Global Supply Chain Management Sustainability: Factories and Fast Fashion. GlobaLens, William Davidson Institute, University of Michigan, 2014.