Category: <span>business ethics</span>

Category: business ethics

Topics

Just as the word ‘ethics’ has a different definition from the word ‘etiquette,’ there is a vast difference between business ethics and business etiquette. However, a primary goal of transparency in performance management is to achieve visibility, alignment, and accountability across the organization’s goals and objectives. However, it may be said that any individual who does not practice business ethics cannot be personally ethical even though the reverse may not also be true.

At the same time, the business has a certain social responsibility. Violations of ethics important in business, can lead to expelling the person from the organization and black listing him. Today is a very opportune time to take advantage of the current business environment to present ethical behavior as a requirement, not an option.business ethics

Some management guru stressed that ethical companies have an advantage over their competitors. And when it comes to business ethics, the same thing … Read More...

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Ethical business practices are conduct standards related to moral judgments applicable to people engaged in commerce related positions (Gitman, 2012). 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.

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.

An organizational ethics policy is an announcement to the employees, the customer base and the community as a whole that the business is prepared to conduct itself and … Read More...

A Book Review Of

In order to fully understand ethics and how they relate to business, one must first define its key components. They should also immediately work to change their corporate culture and reinstate a sense of ethics, integrity and responsibility in their employees which probably entails changing senior management and the Board of Directors who have now demonstrated their inability to run their companies correctly.

The creation and requirement for transparency and sharing of information in strategy, decision-making and performance management establishes an environment where goals, and the resources and behaviors used to achieve them, can be aligned for greater cooperation and performance.

The subject of business ethics has been a source of great debate in recent years as the heads of major (and minor) corporations are revealed as less than ethical characters both in the way they do business and in their personal conduct. A very positive note in this situation … Read More...

The Benefits Of Good Business Ethics

Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. Negotiations between businesses could be accomplished with more consideration for the other company in mind, which would only help both. It may even be against the company’s policy that relates to how employees interact with customers. Not only will the community take note of the ethical nature of a business but also so will customers.

Consideration from the point of view of a businessman is money and performance or the delivery of the said goods and services. To illustrate, United States law forbids companies from paying bribes either domestically or overseas; however, in other parts of the world, bribery is a customary, “accepted” way … Read More...

Environmental Issues

There are all kinds of companies out there that claim to have the best-trained individuals on the planet, like those individuals with their Masters Degree, or those with business ethics 101. Values determine ethical balance and organizations should be well founded with positive core values with services that benefit all that they interact with. The actions and decisions of coworkers is another social factor believed to shape a person’s sense of business ethics.

Modern ethics is first and foremost, the science that allows to consider human relationships, as well as to evaluate the behavior of people in terms of generally accepted norms. To grow your business, you need to recruit more people and then encourage them to buy your products.

For example, I was speaking with an executive who shared with me that in one government organization people submit their time sheets two weeks ahead of actual working the time. … Read More...

Letter Of Intent

Is it possible for an individual with strong moral values to make ethically questionable decisions in a business setting? Big financial corporations set up insurance companies that cater to these insurance needs. I have an imposing personality with sound business ethics and work values. Running our businesses based on Christian standards doesn’t mean letting people walk all over us. I think we can look at Jesus for our example in this.business ethics

The insurance company makes profits by investing the money of the insured in other financial ventures. While this is an astonishing and sad commentary on the ethics and morals of the management of these companies, I find something else even more disgusting. Companies that act ethically impart a sense of trust and responsibility in both local and national communities; this type of trust can often promote strong business alliances.

The subject of business ethics has been a source of … Read More...

Letter Of Intent

Is it possible for an individual with strong moral values to make ethically questionable decisions in a business setting? Big financial corporations set up insurance companies that cater to these insurance needs. I have an imposing personality with sound business ethics and work values. Running our businesses based on Christian standards doesn’t mean letting people walk all over us. I think we can look at Jesus for our example in this.business ethics

The insurance company makes profits by investing the money of the insured in other financial ventures. While this is an astonishing and sad commentary on the ethics and morals of the management of these companies, I find something else even more disgusting. Companies that act ethically impart a sense of trust and responsibility in both local and national communities; this type of trust can often promote strong business alliances.

The subject of business ethics has been a source of … Read More...

The $10 Lesson

Rarely is there the individual who does not encounter an ethical or moral dilemma at some point in his or her business life. Ethical behavior and a culture of ethics will result in many benefits, including: improved employee relations, enhanced worker productivity, positive morale and an enhanced company image. There are economists that assert that, in any competitive economy, ethics are impossible to uphold; that a company can legitimately bypass ethics with the excuse that unethical practices are the only way to make a profit.

A very positive affirmation that your ethics program is a success is when there is an embedded culture where people will make the right choices, even when those choices are difficult, inconvenient, or adverse to the short-term interests of the individual or company.business ethics

To compete with larger businesses, it may be tempting to abandon ethics just to make an adequate profit. They assert that to … Read More...

The $10 Lesson

Rarely is there the individual who does not encounter an ethical or moral dilemma at some point in his or her business life. Ethical behavior and a culture of ethics will result in many benefits, including: improved employee relations, enhanced worker productivity, positive morale and an enhanced company image. There are economists that assert that, in any competitive economy, ethics are impossible to uphold; that a company can legitimately bypass ethics with the excuse that unethical practices are the only way to make a profit.

A very positive affirmation that your ethics program is a success is when there is an embedded culture where people will make the right choices, even when those choices are difficult, inconvenient, or adverse to the short-term interests of the individual or company.business ethics

To compete with larger businesses, it may be tempting to abandon ethics just to make an adequate profit. They assert that to … Read More...

Workplace Safety

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 … Read More...