Managing the Risks of Business Ethics in a Nigerian Environment

Abstract

The article aims to (1) discuss current ethical dilemmas in global environmental ethics, (2) that employers and employees bear the responsibility and are complacent in unethical practices and many failures by illustrating two case studies.(3) examples of ethical misconduct of businesses in Nigeria. In the challenge of modern society, manager or worker often encounters a situation than challenges one‟s ethical beliefs and standards. Managing across border increasingly includes difficult ethical dilemmas. It is less clear where to draw the line between ethical behavior and the corporation‟s other concerns, or between the conflicting expectations of ethical behavior among different countries. Governmental agencies regulate business practices and their impact in the Nigerian business environment is examined. This article recommends that managers should put ethical decision making in organizational context and see how the process fits together through a framework. Good ethics is linked to organizational performance, organizational ethics and compliance programs. Also, managers should examine the potential personal costs including reputation damage from misconduct to their organisations.