Answer to Question #313186 in Civil and Environmental Engineering for Glady_07

Question

Given the definitions of Ethics, write down 5 reasons (in sentence form) as to why it is important. Specifically, why does ETHICS030 should be a part of the learning curriculum?

Answer 1

Ethics are the moral principles that govern a person's behavior or the conducting of an activity.

Importance of ethics:

a.) Creating Credibility: An organization that is believed to be driven by moral values is respected in the society even by those who may have no information about the working and the businesses or an organization. Infosys, for example is perceived as an organization for good corporate governance and social responsibility initiatives. This perception is held far and wide even by those who do not even know what business the organization is into.

b.) Satisfying Basic Human Needs: Being fair, honest and ethical is one the basic human needs. Every employee desires to be such himself and to work for an organization that is fair and ethical in its practices.

c.) Improving Decision Making: A man’s destiny is the sum total of all the decisions that he/she takes in course of his life. The same holds true for organizations. Decisions are driven by values. For example an organization that does not value competition will be fierce in its operations aiming to wipe out its competitors and establish a monopoly in the market.

d.) Securing the Society: Often ethics succeeds law in safeguarding the society. The law machinery is often found acting as a mute spectator, unable to save the society and the environment. Technology, for example is growing at such a fast pace that the by the time law comes up with a regulation we have a newer technology with new threats replacing the older one. Lawyers and public interest litigations may not help a great deal but ethics can.

e.) Long Term Gains: Organizations guided by ethics and values are profitable in the long run, though in the short run they may seem to lose money. Tata group, one of the largest business conglomerates in India was seen on the verge of decline at the beginning of 1990’s, which soon turned out to be otherwise. The same company’s Tata NANO car was predicted as a failure, and failed to do well but the same is picking up fast now.

Teaching ETHICS030 should be a part of the learning curriculum be a part of the learning curriculum to:

i. Allow students to develop critical thinking skills

ii. Expose students to opposing viewpoints

iii. Introduce students to faulty rationalization

iv.  Prepare students for success post-graduation