Business ethic analysis Essay Example | Topics and Well Written Essays - 1000 words

Business ethic analysis - Essay eventWithout ethical measures and programs the go with is set to loss the benefit it has enjoyed financially by doing business ethically. We should always give in mind the principles of professional ethic which if our caller-out would take into account we are loss to countermand potential or apparent conflict of interest which in this case I see us breaching. Ethical dilemma My point of concern is payment of bonuses to shareholders in these times of economic crisis when we fuddle non even completed repaying of the loan granted to us by the government and further organizing retreats for the employees. I live realized that if we pay bonuses and continue organizing retreats, this will be more costly to the company. it is evident from the bonuses paid in 2008 and the retreat organized when the company was experiencing financial difficulties has impacted negatively on the public image of the company and its exertion (French,1995). It is highly exp ected that we are going to pay bonuses to our shareholders and the employees are expectant of the retreat. If we grant bonuses, it is going to be highly costly financially since the company has non been able to fully from the economic crisis that we have just been through. Because of the position of our company, anything we do would be highly publicized in the media thus creating unwanted oversight from the public whose money has been used to bail us. On the other hand, failure to pay bonuses would raise eyebrows to our trust shareholders and employees. Employees further expect to be motivated and over the years retreats for them has been the mean of motivating them. This company has to strive to maintain its reputation which it has built over the years. Ethical practices have been key to the success and performance of this company. Although the company is set to benefit by rewarding best performance of its employees, it has to consider the implications to the public which is a c ritical part of this company. Furthermore, our shareholders are critical to the continuous success of this company but payment of bonuses at such a time might have negative implications on the integrity of the company since it has not even cleared repayment of loans resulting from the bail out by the government and also considering that the company has been sell off some of its holdings and subsidiaries to clear the loan. The management of this company thus needs to offer continued stand out to enable the ethical values of this company to work. Furthermore the company needs to communicate this effectively to employees and shareholders. It is in my view that we should include in our code of conductwhen the company can organize retreats for its employees and when the bonuses can be paid without having any negative impact on the companys reputation. The issue of giving bonuses and organizing retreats is unethical especially at such a time when the company is just recovering from fin ancial difficulties (French, 1995). It is evident that incentives and rewards play an important role in motivating employees to accomplish corporate goals and a company committed to doing business ethically would want to reward its employees for that. But the matter of rewarding employees by organizing retrea