Every corporate body has a unique structure. Both internally and externally, the company is impacted by the constitution. In relation to its activities, the memorandum and articles of association are prepared. Laws that regulate how the company operates are created and implemented. The rules are also strict and are meant to be adhered to automatically. Both positive and negative effects of the rules' rigidity can be seen in my work. My work has benefited from the rules. In a similar vein, every nation enacts its own laws. The rules aid in regulating people and any related parties. (Norman, 2011). The rules that govern a business direct its operations. The regulations have kept me on toes. Targets are achieved systematically. My career has developed drastically. The laws have helped me avoid unethical behaviors. The laws outline the necessary conduct of employees. Avoiding fraudulent activities is spearheaded by the regulations. More efforts are devoted towards achieving the business objectives. The general regulations have provided a framework upon which employees and the business should operate. The laws have created a milestone in life. I am currently handling my profession with the highest degree of professionalism. All employees should stick to regulations and policies formulated by the companies they work with.
How ethical rules affect my past or current job or industry
Ethics is a subset of laws governing a business organization and a country at large. They govern the way in which the employees should conduct themselves within the organization. Ethics have merits and demerits on the organization and on an individual. Organizational character has been molded. The entire working period helps gain experience. Ethics guides an individual on how to conduct himself within and outside the organization. Ethics are assets to an organization. They help minimize unnecessary costs. Supervision is minimized as employees are given an outline of the entire job. They are guided on how to conduct themselves. Every institution benefits from laying down its own code of conduct. Most institutions have integrity, objectivity and competence as their key guidance. Adhering to code of conduct improves productivity. Quality and proper utilization of working hours helps to achieve the goals of an organization. It helps build an individual’s career. Ethics brings on board the relevance of self-discipline. Additionally, responsibility is imposed. It has created room for irresponsible persons to ensure that they delegate themselves duties that they manage. Ethics has restrained most employees from carrying activities that could affect the business negatively. Fraudulent activities expose employees who perform activities that relate to business resources. A mind that is well set will always avoid trouble. It will help toil hard to meet targets that are set by the management. Ethics will always keep the business on toes and ensure that the business meets its short term and long term objectives (Rossouw, Van Vuuren, Ghani, & Adam, 2010).
Types of alternative dispute resolution
There are various types of conflict resolution in an organization. These types depend on the relationship between the parties involved. Negotiation is the most commonly used method. Parties in conflict may have a one on one talk or may engage a third party. Mediation involves a partial person who is referred to as a mediator. The party is involved in negotiating between the conflicted parties. The mediator helps the parties reach a resolution but does not decide on the dispute. The method is quite effective and follows the best procedure of dispute handling. It is effective especially where one party is emotional. Therefore, the parties cannot come into a consensus. Mediation is limited by application. It is not applicable in situations where one party is not willing to participate. Arbitration method is used as conflict resolution where the parties involved highly recommend the third party to decide on the dispute. A neutral person is engaged in the process of conflict resolution. The arbitrator employs wisdom on the dispute without considering any favor. The faith of decision to be made lies on the arbitrator. Legal process is a method of conflict resolution that involves a court. The method requires the aggrieved party to present its case before the court. Business organizations prefer using arbitration methods and court method. In the job place the arbitration method is most effective. It is a peaceful method that engages the management as arbitrators (Ionescu, 2015). Conflict resolution methods are very crucial to a business organization. Having a variety of the resolution methods implies that one has to apply a high degree of wisdom to determine which is suitable. Every organization will always employ different methods depending on the leadership style of its top management. Where dictatorship leadership is applied then the method employed will be more of self-decision. Where the leadership is that of democracy, then a more friendly method may be applied.
References
Ionescu, M. I. (2015). Alternative Dispute Resolution. Lex ET Scientia International Journal (LESIJ), 22(2), 89-92.
Norman, W. (2011). Business ethics as self-regulation: Why principles that ground regulations should be used to ground beyond-compliance norms as well. Journal of Business Ethics, 102(1), 43-57.
Rossouw, D., Van Vuuren, L., Ghani, A. H. A., & Adam, M. Z. A. (2010). Business ethics. Oxford University Press Southern Africa.
