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Write 8 page essay on the topic Ethical Principles: For Profit vs. Non-Profit Organization.mentation an organization’s ethical strategies fosters viable relationships with customers and other stakeh
Write 8 page essay on the topic Ethical Principles: For Profit vs. Non-Profit Organization.
mentation an organization’s ethical strategies fosters viable relationships with customers and other stakeholders leading to long term profitability (Cronbach, 2001). Although the establishment of an effective business ethics program requires adequate resources, commitment, and time, realistic business ethics not only improves the organization profitability but also advances the living standards of the business’s employees and the organization’s external dependants (Enquist, Edvardsson and Sebhatu, 2009). Business ethics have a direct impact on the operations and success of an organization at all levels. Ethical standards also influence the behavior of all the external forces to the organization including: competitors, suppliers, employees’ stakeholders, and customers towards the organization (Robinson, 2010).
Due to its momentous influences on the organizational functions, a clear understanding of business ethics constitutes a significant step towards improving business operations of an organization. Ethical principles are extremely vital and pertinent for the organization’s achievement of the projected objectives. However, there are some key problems and barriers that that hinder effective execution of the laid down business ethical principles. Additionally, having the most effective ethical policies and principles is not adequate for a flourishing business. The realization of the laid down principles is more essential than the entire process of coming up with business ethical principles. As a result, searching for practical measures to get rid of emerging problems in the execution of business ethics is demanding and indispensable. The subsequent writings offer an intensive analysis on the main problems that are associated with business ethics in non-profit organizations (YMCA) and profit making organization (Starbucks)
Being a charitable organization, the YMCA’s reputation depends entirely on ethical principles and standards, personal integrity
