The importance of ethics in a business perspective

History[ edit ] Business ethics reflect the norms of each historical period.

The importance of ethics in a business perspective

It provides employees with a framework of which rules exist, from a regulatory and law-enforcement standpoint and how to act in the gray areas of value-based ethics that aren't always clear.

Create each section of your code of ethics with a specific purpose to develop the company culture you desire.

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Follow the Law Many ethical issues boil down to legal issues. While many business owners don't feel the need to tell employees to follow the law, it is important that the code of ethics addresses it.

The reason it is important to address in your code of ethics is that employees might not think what they do will affect their job status. For example, a plumbing company that has plumbers use company vans needs to know that the drivers aren't driving under the influence either at work or after hours.

After hours has a direct impact on the company because employers must insure every driver; drivers with bad driving records might lose their license and be unable to perform job duties. Regulatory Issues Regulatory issues are also legal issues but have more to do with processes and procedures than actually breaking the law.

Varieties of business ethics

For example, privacy policies require keeping client information confidential and secure. That is a regulation. Stealing the customer's identity goes beyond violating the regulatory portion, it breaks the law.

When defining regulatory issues in your code of ethics, state what the regulations are and how the company expects employees to maintain ethical practices in that area. For example, mortgage brokers have to complete a specific number of continuing education credits before license renewal.

It would be unethical for two brokers to do the continuing education together online to complete it collaboratively rather than individually.

Care Ethics | Internet Encyclopedia of Philosophy

Value-Based Ethics Value-based ethics get to the heart of your corporate culture. It defines how you want your business to be seen by the community. It establishes a component of your brand beyond your product or service.

For example, a value-based section of your code of ethics might involve community involvement. Another value-based code of ethics statement might involve going green with office practices and product packaging.

Professionalism Defined The last component of a code of ethics you need to address is the level of professionalism you expect from employees. This could include integrity, honest sales practices and respectful conduct to co-workers.

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You can also include dress code, desk organization and general office conduct rules.decisions on stakeholders creates macro business ethics issues that are often addressed in public policy and the formal institutionalization of business ethics through government (macro/descriptive).

Business Ethics Before the s The history of business ethics before depends on one’s perspective and objectives in tracing the concept. Ethics is a philosophical discipline relating to concepts of good and bad in our moral life in community whereas bioethics is the application of ethics to the field of me.

The Photography Ethics Centre was founded less than one year ago with the intention of raising awareness about ethics across the photography industry and around the world..

The importance of ethics in a business perspective

Before the Photography Ethics Centre was founded, when it was just an idea, we knew that we were biting off more than we could chew. How could a small organisation . The role of human resources in ethics/compliance management A fairness perspective$ Gary R. Weavera,*, Linda Klebe Trevin˜ob,1 aDepartment of Business Administration, University of Delaware, Newark, DE, USA bSmeal College of Business Administration, Beam Business Administration Building, Pennsylvania State University, University Park, PA, USA.

So how would YOU define business ethics? Stop for a minute and think about what business ethics mean to you. Your interpretation is actually as valid and important as any and some reflection on this is a key first step in understanding the issue.

This post, “Importance of Business Ethics from a Marketer’s Perspective,” was guest written by Anthony Bart, Internet Marketing Strategist at The Bart Organization.

The Bart Organization is a South Florida Internet Marketing company that helps businesses of all sizes either start internet marketing strategies or improve their current efforts.

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