Hartman Industries

In: Business and Management

Submitted By Radd
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Pages 3
Ethical issues in the business environment

Ethical issues have existed in the business world since day one. In the very early days, before currency, we witness the most pure form of business transactions. This is when an individual possessed a trade or skill and offered their time and energy as an investment to another individual. This process was named, “The Barter System”. This system still exists today and allows individuals to trade skills in efforts to fulfill their personal needs. As time evolved, and individuals witnessed that not all trades were equal, parties involved started to use a form of currency to balance out the trade in progress. From this point, ethical issues advanced in the business field, and unfortunately have not stopped expanding. What happens when two individuals enter into an agreement of transaction and there is no mediator? Is it possible that one party might take advantage of the other by simply noticing the demand of their needs? (Travino, 2007) Lets us go into three areas where business ethical issues exist today in my organization and community.

Ethical issues that exist in my community today are many. I have chosen to unravel three of them that affect me on a day-to-day basis. Let me begin with the mismanagement of time. When a company is literally buying an individual’s time for an hourly wage, and that individual is not fulfilling the obligation from which is being paid for, is huge in my organization. For an example, an 8 hour work day of labor is being traded for an allotted amount of money. Agreeing to these terms means that both parties have entered into a binding agreement that for 8 hours of their labor and time, the company, in return, agrees to pay “X” amount of dollars. For some reason, the individual will become comfortable, and after a certain amount of time, they feel that they personally can alter…...

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