Dimensions of Business Relationship
Business organizations are composed of different and complex relationships of people involve in the entire process. Business ethics do covers wide areas of concerns like corporate compliance, social responsibility, reputation management, fair labor practices, accurate accounting and audits and even environmental stewardship. It has something to do on how the company handles and deals with all the stakeholders involve like the clients, employees, shareholders, suppliers and the community (Business Ethics Primer, 2005). There are many responsibilities and people involve.
Businesses differ from one another in how they value the dimensions of business relationship. Analytical and problem solving skills are important to resolve ethical dilemmas involve in the business. Employer to Employee Common ethical issues that arise between employers and the employees include issue on wages and company benefits, gender issues, disparagement, cultural diversity, layoff decisions, fair labor practices, work standards and conditions and other more. How would the employers resolve these kinds of problems? Is it right for the employers to give in to every need of his employees?
Which can be sacrificed the rights of the employees or the rights of the company? How should the employer treat the employees? Managers to Owners Corporate managers and business owners were also under pressures in solving ethical issues that include inherited problems, bribery, corruption, accounting and audit. Newly appointed managers need to settle issues inside the company. They are being test for their integrity, honesty and leadership skills. They have to make wise decisions because the business operations’ success rest on their shoulders.
They must be willing to coordinate with one another and identify their position or authority inside the organization. How should the managers relate with the business operators? How should they view corruption and the role of politics in the business? How can they manage the situation or influence the company in the promotion of business ethics? Manufacturers to Consumers Another important dimension in business relationship is the issue between the manufacturers and the consumers. This involves issue on product safety, intellectual property, and maximum profitability.
Most of the time the business targets only maximum profitability and have sometimes neglected the safety of the consumers. Some products don’t reveal some dangerous or hazardous side effects of their products. There are also stiff competitions between businesses that intellectual property is sometimes an issue. How can businesses be more concern of their consumers? How can they make sure they are honest and don’t trick the consumers? What is the best way to achieve more profit and at the same time thinking of the consumers’ welfare?