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How to Analyze Business Ethics Issues

Tuesday, April 26, 2016 | 12:00 AM

How to Analyze Business Ethics IssuesNearly every business faces ethical issues at one time or another. Most businesses are committed to doing the right thing, but sometimes the ethical decision is not clear-cut.

This is the world of business ethics: knowing the difference between right and wrong and acting accordingly. A fundamental understanding of ethical issues can not only keep businesses out of legal trouble, it can also help them thrive in turbulent times by providing a strong moral compass. In addition, solid ethics support employee growth, teamwork and productivity. These benefits, in turn, can improve a corporation’s public image.

If you find this topic interesting and you are considering a Master of Business Administration (MBA) degree, you may be excited to learn that the University of Texas Rio Grande Valley offers an online MBA program that includes a course in business ethics. These types of courses allow students to discover, explore and test theories of ethics in business. After graduation, students find this area of study valuable when analyzing ethical situations to make important decisions.

Making Ethical Business Decisions

Most people are familiar with insider trading, bribery, discrimination and “values” in the workplace. After all, cases go to court every day, and they are often in the news. Each of these situations is an example of business ethics gone wrong.

An online MBA program covers ethical issues just for these reasons. Rich and varied program coursework gives business leaders a comprehensive approach effective decision-making, which can keep their companies out of the unethical spotlight.

Analyzing ethical issues — and fostering ethical work environments — takes a lot of practice and study. That is when the value of an MBA becomes most apparent; MBAs will have tested the models, applied the theories and studied well-known cases by the time they face real-world ethical decisions of their own.

Learn about University of Texas Rio Grande Valley online MBA program.


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