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ARTICLE 4.
NAHARRUDIN M. ULES MPA
1. What are some of the ethical issues faced by businesses today? Describe each.
Businesses today face many ethical challenges that span various aspects of their
operations. Data privacy has become a critical concern, with companies
struggling to balance the value of consumer information against individuals' rights
to privacy. The rise of artificial intelligence brings questions of algorithmic bias
and transparency. Environmental sustainability is increasingly urgent, forcing
businesses to reconsider their impact on the planet. Labor practices, from fair
wages to safe working conditions, remain under scrutiny, especially in global
supply chains. Diversity and inclusion efforts have gained prominence, pushing
companies to create more equitable workplaces. Corporate transparency,
product safety, and cybersecurity present ongoing challenges. Taxation
strategies and whistleblower protection also pose ethical dilemmas. As society's
expectations evolve, businesses must navigate these complex issues to maintain
public trust and operate responsibly.
2. If you are part of management of a business entity how would you resolve these issues mentioned in number 1? Detail your answer.
In my capacity as a member of the management facing ethical practices in business
today, the approach I would take would be very active and systematic. Strategy
development would begin with a sound ethical foundation and corporate tone at the top
that focuses on honesty. Such training for the employees would become a regular
procedure and include data privacy, and the preservation of the environment. To increase transparency and effectiveness, we would ensure the development of open
reporting channels and whistleblowing protections. For environmental issues, we would
have established stringent sustainability objectives and embraced environmentally
sustainable policies. Concerning labor, we would guarantee the payment of reasonable
wages and sound working conditions from tier-one suppliers to end products. These
would be addressed through strategic staffing and retention policies as well as through
compliance with diversity and inclusiveness standards. We would also establish an
ethics committee whose responsibility would be to undertake a constant review of our
ethical practices in light of the emerging ethical risks. Incorporating ethical issues in
strategic decision-making would help us gain the trust of customers, and employees, as
well as contribute to the improvement of the wellbeing of the society.
