There’s a lot to manage between what you want and your employees, partners and even the law. The fact that something is legal doesn't make it ethical. … You’ll realize why in just a bit. Harassment, unlike discrimination, is an ethical issue that involves the social and personal treatment of people within a small business. What is ethical is often a matter of opinion. Life as a business owner may have been easier 100 years ago, but the conditions were pretty terrible for workers. I consider doctor-assisted suicide ethical, particularly if a person will in all probability just suffer in pain until they die, but it is illegal in many States and many places in the world. #1 Employees. Impressively, reported $34.74 billion in quarterly revenues that grew at a rate of 7.35% on 12 May 2019. Examples of Ethical Decision Making In Business 10 Great Examples of Ethical Decision Making In Business 1. Let’s start with legal decisions. But litigation and other legal issues can really be a pain. As you can see, legal compliance is the baseline, ethical compliance is a step above and moral is the most important, the most personal – and the most emotional. Below, we outline a few of the legal and ethical issues that can affect a business, and how you can prevent them from being problems in the first place. When a child is hungry and he stole a loaf of bread from a shop to feed. You have a patient who is HIV and HEP C positive and you are aware of this because that person is a patient of yours. Costco’s Decision To Pay Fair Wages Costco Wholesale (NASDAQ: COST) is one of the biggest successes in American retail. One of the most common issues in business has to deal with employees and their rights. Ethical but not legal Five controversial examples are ethical but not legal. You might think it's obvious, but it's not, as evidenced by the fact that a former student recently told me that his Finance professor explicitly told him that if something is legal, it's ethical...full stop. You are a medical professional. This can include teasing, inappropriate sexual behavior and even verbal or physical abuse by a supervisor, co-worker or non-employee. Doing the right thing, future leader: emotional responses to compliance and conflict with law vs ethics vs morals. #1 Being Aware of New Trends. Ethical vs. Legal Profits There's no doubt that business owners want and need to make a profit. 01. Here’s a list of the most common business legal issues so you can try and avoid them. This action is ethical because a child is hungry and he wants something to eat but this is illegal because stealing is illegalized throughout the world. What are examples of legal and ethical issues?