Homework Question on Ethics in Business
- What conclusions can you draw about the ethical issues facing business leaders? Your first paragraph should briefly introduce and summarize the article while identifying the author’s main points. Your Article Review should be at least 500 words in length, double spaced, 12pt New Times Roman font, with references and direct quotes in APA format. Title page, abstract, and running head are not required.
- How could it apply to an organization you have observed?
- How could the topic of this article apply to your personal or professional life?
- What was the firm’s corporate reputation?
- Who were the stakeholders in the article?
- For this assignment, choose an article from SAGE Journal Articles on www.sagepub.com/stanwick by clicking the Student Resources tab then selecting Journal Articles on the left menu.
- You may choose any article from Chapters 1-3 so long as the article is at least five pages in length. The purpose of this assignment is for you to practice reviewing articles that contribute to the industry.
Homework Answer on Ethics in Business
The article by Yogesh Upadhyay and Shiv Kumar Singh titled “In Favour of Ethics in Business: The Linkage between Ethical Behavior and Performance” provides an insight into why businesses that practice ethical behavior are more likely to realize high performance than those that do not. This is particularly important because most corporations do not believe that they can maintain high principles and high profits simultaneously (Upadhyay & Singh, 2010, p. 11).
The authors are emphasizing that ethics and business can co-exist in a sustainable way, and that a business having high ethical standards would tend to realize greater benefits or advantages over their competitors whose standards are lower (Upadhyay & Singh, 2010, p. 12). Therefore, businesses exercising ethical behavior have a higher performance as compared to those that do not or have lower ethical standards.
Upadhyay and Singh’s article appears to target business investors/stockholders and business executives that influence how a business generates revenues and distributes its benefits to all stakeholders affected by its operations. Firstly, the article informs business executives that they can simultaneously satisfy their employers’ (investors) expectations for progressive earnings growth while maintaining high ethical standards. Secondly, it reassures investors that their businesses’ commitment to upholding high ethical standards is more rewarding than they actually believe.