Ethical Risks for Business and Social Science- myassignmenthelp

Qustion: Discuss about theEthical Risks for Business and Social Science. Answer: Literature Review Ethics of an organization can be defined as the rules of the organization, which decides the discipline of the organization, culture of an organization. Ethics regulates the organizational behavior and organizational psychology (Jondle et al. 2013). Any individual in the organization has to maintain the business ethics or the decision making of that person towards the organization and the action of that person in the organization is influenced by the organizational ethics. The main objective of outlining an organizational ethics is to unite several people from different background within an organization. The organizational ethics deal with the duties and rights of the employees. It looks after the employee values, morality and aspirations of each employee. Organizational performance defines the performances done by the different departments of the organization such as performance of finance department, marketing department (Jondle et al. 2013). The organizational performance largely influenced by the ethics as to perform a smooth task the factors like organizational behavior, organizational culture and ethical leadership has to stay aligned. To Assess Ethical Risks Organizational behavior defines the way employees interact with each other and with clients. Organizational behavior is a merge of human behavior with the organization. Organizational behavior is highly influenced by the human psychology. An individual act separately when he or she is outside of the organization but that same person behaves in another way when that person is inside the organization (Wilson 2013). Organization behavior can be determined in three levels, micro level, meso level and macro level. The organizational behavior is highly influenced by the human psychology. When the stake holders defy organizational policies the problem occurs or the employees refuse to obey the rules of the organization the problem occours. The organizational culture defines as the hared beliefs, morality and values of an organization. These decide the behavior of the employees work in that particular organization. The organizational culture is intangible and influences a group of people who work together in the organization (Alvesson 2012). The organizational culture limit the people`s behavior it decides how the employees would dress inside the organization, how the employees would act in the organization and how the performance should be inside the organization. The organizational varies from organization to organization. It is obvious that every organization has its unique culture. The main objective behind every distinct organizational culture is, to unite the employees who come from different strata of society. Ethical Leadership defines a leadership which highly depends on the morality, values dignity, ethical beliefs and rights. The ethical leadership maintains the balance of trust, honesty and fairness just to stay transparent to its internal and external people. The leadership maintains the ethical values which are socially acceptable without curbing anyones fundamental rights. To carry out the leadership ethically a leader should be particular in his or her action towards any issue (Bello 2012). There are some other qualities that an ethical leader should own such as, unselfishness, sober and respectful towards its subordinates. A leader should be a good communicator unless he or she will be unable to teach ethics to the subordinates. Apart from the ethical teaching communication is needed to maintain constant good relation with the employees to prevent misunderstandings (Walumbwa et al. 2012). A healthy communication between a leader and employees helps to mitigate anxiousness and fea r as transparency can be properly maintained. Ethical Risks in Organization Ethical risks in an organization define the lack of insight and judgment of situation. Any unethical actions in an organization pose a threat to the goodwill of the organization. The challenges can be face by an organization due the ethical risks is mainly legal and reputational. The transparency is hampered drastically due to some unethical steps which lead to breach of trust. The adversarial manner of stake holders has a negative impression on the organization. The unexpected behavior of employees can create turmoil inside the organization (Wong. and Laschinger 2013). Divulging of companys secret facts is an example of breaching of trust. The organizational culture can be hampered if the employees do not follow the dress code, time table and job structure. The primary reason of ethical risks can happen due the lack of free flow of communication between the leader and the employees. Due the proper communication the employees were left unaware of the unethical actions. Mitigation of Risks To mitigate the ethical risks it is important to follow a systematic way to identify the problem first. A common mistake often happens is that, organization tries to cover up the problem in order to safeguard the goodwill but it has an adverse reaction which appears worse than the previous. It is important to investigate the issue in detail instead of suppressing it (Jondle et al. 2013). This solution in long will appear term sustainable to the organization at large. An organization should make the ethical training compulsory among its employees. Increase of communication may help to identify the illegitimate actions within the organization. To mitigate ethical risks in organizational performance the employees should be given the freedom to choose so that they will get the space to identify the unethical actions. An organization should rationally analyze an issue to identify the root of the unethical actions. After the rational analysis alternate way and opportunity will come out to reestablish organizations good will. Ample amount of time should be given to the employees in terms of reducing unethical issues, hence patience is essential (Voegtlin, Patzer and Scherer 2012). In terms of constructing an organizational behavioral rule one needs to have proper insight so that it does not curb the rights of the employees that help to reduce ethical risks. A regular interval of communication is needed with the employees just to ensure that the employees can feel the fact that they are important people of the organization. The organization should look after the proper wages and promotion that are allotted to every scale of employees to reduce the conflict inside the organization. A regular interval of psycho analysis of the employees should be conducted as human behavior is the representation of human psychology. References Bello, S.M., 2012. Impact of ethical leadership on employee job performance.International Journal of Business and Social Science,3(11). Choudhary, A.I., Akhtar, S.A. and Zaheer, A., 2013. Impact of transformational and servant leadership on organizational performance: A comparative analysis.Journal of Business Ethics,116(2), pp.433-440. Voegtlin, C., Patzer, M. and Scherer, A.G., 2012. Responsible leadership in global business: A new approach to leadership and its multi-level outcomes.Journal of Business Ethics,105(1), pp.1-16. Wong, C.A. and Laschinger, H.K., 2013. Authentic leadership, performance, and job satisfaction: the mediating role of empowerment.Journal of advanced nursing,69(4), pp.947-959. Walumbwa, F.O., Morrison, E.W. and Christensen, A.L., 2012. Ethical leadership and group in-role performance: The mediating roles of group conscientiousness and group voice.The Leadership Quarterly,23(5), pp.953-964. Alvesson, M., 2012.Understanding organizational culture. Sage. Wilson, F.M., 2013.Organizational behaviour and work: a critical introduction. Oxford University Press. Jondle, D., Maines, T.D., Burke, M.R. and Young, P., 2013. Modern risk management through the lens of the ethical organizational culture.Risk Management,15(1), pp.32-49.