Workplace Ethics is a subject that we have all heard of. In fact, the subject of Ethics in general is something that most people are familiar with. We need to ask these questions: “How ethically vulnerable is our company or organization?” “What are the core values and guiding principles of our company or organization?” “Are we committed to living and exhibiting our core values in everything we do?” The answers to these questions will define the state of ethics in our business.
The code of ethics is a major responsibility for an organization. However, regulation is no longer a guarantee of ethical behavior. Accounting ethics can be defined as a set of distinct guidelines for a business to maintain clean balance sheets, accounting for their profits, losses and expenses incurred, and prevent it from mishandling financial reports and statements.
Examples like Texas Instruments show how a new paradigm is developing in organizations regarding the managerial focus on ethical behavior. A proactive business leader formulates a statement of organizational values that employees of the company are expected to embrace – at least while performing duties in the service of the company.
There are so-called professional ethics, and in particular – business ethics, which includes standards of entrepreneur behavior. I have been involved with several business bankruptcies and none of the owners or employees of these companies felt anything but shame and failure for having left suppliers with debt, employees without a job and customers without a supplier.
Market America’s business model is based on the business model of any other Multi-Level Marketing (MLM) company, except it is unfranchise and a little complicated. It is important that you take the time to develop your own sound business ideology, as it relates to ethics.