This chapter introduced the broad idea of ethics in relation to corporate and learning organizations. Its goal was to provide a general understanding of ethics and how it relates to the everyday procedures found within companies.
A review of this chapter’s major conclusions, include:
- Ethics is a code of moral principles that set the standards of right and wrong. Normative ethics is the basis of morality and how one ought and should act. There are four ethical concepts relevant in learning organizations: justice, utilitarianism, deontology and human rights.
- Business ethics are how we ought to conduct business fairly using real-world situations. Ethical leadership is organizing morals in relation to organizational alignment.
- Corporate Social Responsibility (CSR) is a self-regulatory measure which guides organizations to make initiatives to help people and the environment by using compliance along with conviction. Newer demographics in the workplace will continue to use and benefit from CSR
- Global organizations can find challenges when working in a world-wide marketplace. Alleviating those challenges can be done by developing and enhancing the five factors of sustainability: cost reduction, resource prevention, legislative compliance, reputation, and right initiative.
Regardless of personal ethical views on many topics, the need for ethics within learning organizations is vital to its success. A precedent of good ethical and moral behavior starting from the top of the business that trickles down throughout is the best approach. Furthermore, the growth of an institution can rely on how ethically moral it is, given its importance among new demographics in a global marketplace.