FACTORS IN THE FAILURE OF ETHICS MANAGEMENT         1500w

The prevailing economic crisis and the popularization of corporate social responsibility heightened the academe’s interest regarding the concept of Ethics Management. This paper talks about the relevance of ethics in business and the impact of its absence not only on the corporation, but also on the employees and stakeholders alike.

 It was concluded that the failure of ethics management is a product of various factors, the most significant of which are commitment, leadership, communication, trust, core values, communication, trainings, and a reward and recognition system. It was recommended that further study be done on how to specifically implement Ethics Management.

Business Ethics as distinguished from an individual or personal ethics emphasizes that even corporate entities, they possessing legal personality performs a particular conduct necessarily conforming to certain expectations ascribed by prevailing laws, customs and traditions affecting corporate and work relations arising out of employer-employee relationships. More often than not, individual ethical standards take a backseat in favor of business ethics where certain corporations have developed corporate goals and guidelines to guarantee excellent performance and establish a track record which could solidify corporate goodwill, reliability and sustainability not to mention good return of investment.

Over the decade, corporations have developed their own ethics management committees that define corporate goals and guidelines to address certain ethical dilemmas. While these dilemmas can be defined, it appears that the “know how” of managing ethical dilemmas