The Role of Ethics in 21st Century Organizations Research Paper

The Role of Ethics in 21st Century Organizations - Research Paper ExampleThe other significant role of moral philosophy in the 21st century is that it is often regarded as values-based culture. Furthermore, it has also been identified that ethics in the 21st century is neither a comfort nor an alternative. The prime duty of this century is generating and encouraging the values-based culture so that the organizations can greatly focus upon the ethical values and ultimately enhance their quality standard of demarcation operations. Fundamentally, there are several key factors that should be considered while generating a values-based culture. The several main factors include collective core values such as honesty and respect, common language and moral courage among others (Brimmer, 2007). Another important role of ethics in the 21st century is that ethics is considered as a management control procedure and plays a critical part towards enhancing the business communities along with th e societys welfare. The business organizations of the 21st century realised that as the business trade and commerce policy and procedure became more difficult, there lays an utmost need of preserving ethics in order to sustain at bottom the global financial market (Sims, 1991). With due consideration to the fact that the different roles and duties of ethics in the 21st century are immense, as a result, unlike significant advantages of managing ethics in the workplace can be apparently noted. One of the major benefits of managing ethics is that proper attention towards the particular conception of ethics substantially enhances the welfare and development pace within the society. The introduction of anti-trust regulations, government agencies and numerous establishments of laws, as well as regulations as measures of ethical concern, also tend to benefit the business organizations from managing ethics in the workplace (Thompson, 1991).