The private sector faces numerous ethical issues on a daily basis. Most of these dilemmas arise from the managerial approach and personal leadership style, while others originate in various everyday situations. Dilemmas arise from problems that make decision making difficult when entrepreneurs must choose between making the correct decision and what seems like a business loss. When a private institution faces such a situation, the profit motivation should be strong to influence the owner's choices. However, whatever decision is made will have consequences. When these concerns are extremely undesirable, despite earnings, the company must look the other way. Lack of ethics in an institution contributes to structural disappointment, deterioration of customer relationships, and loss of established reputation. Companies must avoid becoming prey to things that lead to the deterioration of business ethics, especially in legal circumstances. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Private companies are vulnerable to practicing unethical business practices because they do not have a central code of conduct that must be followed universally like government organizations. Each organization is managed differently by management chosen by the business entity. In most cases the owner of the organization is the head of the company and therefore sets the rules to be followed. Understanding the ethical responsibilities of private organizations will automatically contribute to their reputation, growth and business. Before we highlight ethical issues in the private sector, we must first understand what business ethics means and how it relates to business operations. Business ethics refers to a set of rules related to the management of values ​​that concern the nature of individual behavior. Ethics balances the acquisition of profit and the values ​​of society. The management philosophy adopted by the head of an organization is one of the major factors leading to an ethical dilemma. One of the ethical dilemmas that is emerging in the private sector is the greater good dilemma. This dilemma is common in innovation industries. It appears when a private organization is faced with the issue of morally problematic behavior. An example of an action that can lead to a moral dilemma is animal testing or test tube farming. The process leads to the production of goods and services that may, but not necessarily, benefit many people in the long run. While undertaking such an action may be ethically problematic, it is a guarantee that the undertaking will be profitable in terms of the intended beneficial effects. An example of a greater good dilemma is the situation where an organization may have an idea to create a cure for a lethal disease problem that could save many lives in the future. However, the process of developing such a cure requires carrying out tests on live animals and humans which could eventually lead to their deaths. The process may also require the application of control groups that are tested with the new drug and whose members will eventually die. Other activities that fall under the greater good dilemma are polluting the environment during the production process. If the organization decides to desist from this action, it will not be able to help cure many people and may lose the opportunity to increase the company's sales. This ethical question touches on a number of aspects. The firstthe area it affects is that of the internal code of conduct. At the end of the day the company must decide which area of ​​focus will bring the greatest good to the company. The company runs the risk of going against established ethical values. In addition to interfering with the company's morals, this ethical dilemma creates social tension with the company's neighboring society. The company will struggle to exist in every part of society. Engaging in unethical issues will cause the company to lose the social acceptance of at least part of the group. The loss of social acceptance in return will likely lead to a reduction in customers which could impact the company's sales. The biggest dilemmas have invisible consequences that can be characterized as real dilemmas. There is no right or wrong solution as every action has its advantages and disadvantages. All of these consequences are serious and morally challenging. A perfect example of a greater good dilemma is interfering with the social setup of a particular environment. A private company may decide to start a new type of service provision in a potentially large new market. In doing so, the company will have to introduce some new practices in the sector. While the company's operations may be beneficial to the area in which it operates, it may engage in practices that are not socially accepted in the area. Take for example a company that promotes entertainment services. Such a company may decide to open an entertainment venue in a completely new area where such services have never existed before. Ethically, the company will offer services that are not suitable for all age groups. Entertainment services can take the form of a nightclub. The music that will be played from the joint will be loud and this will lead to noise pollution. The noise will act as a disturbance. Another moral issue that may concern the existence of a nightclub in an area is the deterioration of morality among young people. Many nightclubs play vulgar music and are associated with misbehaving youth. Young people may start copying this behavior and become socially irresponsible people in society. Despite the negative effects of such a private business entity, there are some benefits that come with it. The entertainment venue will create employment opportunities for locals. A good number of people will be required to work together on different jobs. In addition to jobs, the entertainment center will help urbanize the area and invite different people from different areas. The joint will expose the area to other people. However, the ethical issues in corporate entities have outweighed the benefits and that is why the issues are controversial in the first place. In the case of the example mentioned above, the noise produced by the entertainment can be so loud that it makes the surrounding environment inhabitable. The joint will also erode the social principles of the place because more young people are likely to engage in activities they witness in the club, which is not good for society. Long term. In the long term, when this ethical issue will outweigh the benefits it brings to society because the company will continue to alienate itself from society. When a stage is reached where a company's customers begin to worry about the ethical issues that arise, the company must reevaluate its policies to allow it to coexist with its surroundings. Internally, when a company faces ethical issues, its credibility and trust in the industry diminishes. Customers want to deal with companies they can fully trust and can be relied upon. When the level of trust decreases it simply means that the company is declining. The reputation of such a company.