When discussing unethical business behavior in Nigeria, it is first necessary to understand what constitutes ethical business behavior.
Ethical business behavior is one of the corporate values that represent
the duality. Although it varies from company to company, ethical business
behavior varies from company to company.
That is, what Company A considers to be ethical business behavior may
have a different view than what Company B considers to be ethical business
behavior. When we talk about ethical behavior in business, we are simply
considering concepts such as values, beliefs and morals.
So, these concepts vary from company to company. The line between ethical
and unethical behavior in business is very blurred. Some people say that there
is no such thing as ethical business behavior in any business, while others
believe that for a business to thrive, grow and develop, there must be
unethical business behavior. That means you have to lie to confuse your
customers or clients into buying.
However, in order to discuss the factors that lead to unethical business
practices in Nigeria, it is necessary to briefly review unethical business
practices in Nigeria including bribery, theft and sabotage. These include
market spying and capital misinvestment. These unethical corporate actions have
a negative impact on business organizations in Nigeria.
This article discusses some of the factors that lead to unethical
business behavior in Nigeria.
Here are the 4 Major Factors Responsible for Unethical Business Behavior
1. Differences in what is
considered business ethics or standards
It is true that different companies have created different concepts such
as values, morals and beliefs that they consider business ethics relevant to
their company.
Interestingly, there is no business ethics in Nigeria that is universal
and can be adopted by all businesses. As a result, companies exhibit a variety
of business behaviors that are unethical to some and ethical to others.
Deviation from norms is therefore one of the factors leading to unethical corporate
behavior in Nigeria.
2. The organization's complex belief system
Another factor responsible for unethical business behavior in Nigeria is
the complex belief system adopted by various business organizations in the
country. These different organizations, or what I often call management
organizations, have different value systems. Their job is to define what they
believe to be ethical standards and create their own ethical business behavior.
They want their companies to adhere to these complex belief systems and expect
them to be committed to their business actions.
Therefore, meeting these standards is sometimes difficult. In reality,
the practice of these corporate actions belongs to individual business
organizations. That is why they chose specific criteria while exploring complex
belief systems. Their organization believes it can.
3. The religious orientation of the business owner
In many cases, one of the factors leading to unethical corporate behavior
in Nigeria is the religious orientation of business owners.
As a result, there is a misunderstanding between the business behavior of
the organization and the religious views of its owners. Sometimes it is the
religious affiliation of a business partner.
This means that any organization that seeks to define and practice
ethical business behavior must first define and develop moral standards.
Because a code of ethics is directly proportional to morality. In a way, these
moral values are derived from the organization's value system, which is derived
from the organization's years of management experience.
As a result, it can be said that the moral standards, ethics and value
system of an organization may be different from other organizations.
4. Several aspects of the so-called "Golden Rule"
When it comes to the meaning of ethics in business, some people may see
it from a theoretical perspective, while others may see it from a philosophical
perspective. It can also be considered in real-world applications.
For example, the "Golden Rule". There are several definitions
associated with the term Golden Rule. Whoever controls money, income or profits
is said to have discovered this rule.
In other words, the dominant factor is the pursuit of profit. Although
not a universal rule, it is true that a business must generate cash to remain
solvent. What is the single cost of pursuing profit to the company, to the
value of the organization, and even to business and the world? Norms or ethics
seem to stand in the way of transactions which usually lead to the blind
pursuit of money.
Therefore, we can say that a company, organization or even an industry
may decide to create its own values and insist on a set of ethical standards
to ensure that it is willing to pay a price for those values, morally or
ethically.
Final Thought
The line between ethical and unethical behavior in business is very
blurred. Some people say that there is no such thing as ethical business
behavior in any business, while others believe that for a business to thrive,
grow and develop, there must be unethical business behavior. That means you
have to lie to confuse your customers or clients into buying. However, it
depends on applying your ethics to your business decisions, especially in the
business world.
But what is the solution?
What factors can make a difference in the outcome of a decision?
In other words, making ethical business choices means allowing those
choices to pass through a series of filters. The first filter: It is necessary
to judge whether the decision is correct or not.
The second filter: Is the decision moral? Such decisions must be fair and
just. Of all the filters, the most relevant is determining whether a decision
is fair, just, and will have the most positive impact on everyone involved.
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