Many people wonder if business ethics is just a buzzword that has been tossed around lately, due to some of the aggressive tactics we have seen them as we enter the 21st century. The job profile involves introducing various insurance policies of a company to potential customers, according to their needs. When you give a brokerage company, a mutual fund or any financial institution your money you expect, in fact, you demand, that they treat you fairly within the rules of the industry.
A corporation’s environmental policy, the way they treat their employees and the way they treat the communities they exist in are all part of their overall behavior and this in turn is the principle factor in determining their public image. Since public image is largely a result of company behavior, business ethics play a large role in determining public image since they determine behavior.
Unethical behavior where people deliberately intend to harm themselves or others, develops from and is reinforced by, destructive states of mind, including fear, greed, anger and jealously. For example, many businesses are now feeling a social responsibility to cut back on their pollution in the environment.
Take good care of your employees by incorporating workplace safety management in your organization. Ethical businesses treat people with respect, honesty and integrity. Your profits will increase because you have a business that is fair to work for, ran smoothly, with effective management, and happy staff, combine that with happy customers and you have the formula for a healthy business with healthy profits.
I have been the president and CEO of one publicly owned company and also was president of another that was responsible to customers who traded equities. There are professional ethics, which includes a system of moral norms of human behavior, belonging to a particular social group.