What is meant when we talk about "Ethics"? Ethics can be defined as a society's accepted standards of moral behavior, which, simply put, means a code of behaviors that are accepted by a society. Ethics, applied to the business world, is a form of what is called "applied ethics." General principles of basic moral behavior are integrated into to the day-to-day work of business. An ethical work and business environment is predictable, stable, and easy to navigate. On the other hand, non-ethical behavior creates a hostile business environment. Take Enron, for example, which shocked the U.S. public back in 2000's. This big name company is an energy trading company that had created off-the-books partnerships to illegally hide its debts and losses. This was unethical behavior as a business, and the result has been hostilities of all kinds. .
Corporate ethics is important because it is the main distinguishing mark between good business sense and what is known as, "buccaneer capitalism." An example of good, ethical business behavior is not mainly recognized within a company's profitability but is evidenced instead by customer loyalty. Keep your customers happy, and they will keep coming back. A company that goes out of its way to treat employees with fairness and respect, is more likely to have a productive and happy work force than is a company that tends to treat their employees like robots or machines. .
To touch back upon the Enron Scandal, take, for instance, the unethical practices made by the Chairman and CEO, the former CEO, and the Chief Accounting Officer. These big-wigs were actually convicted of committing accounting fraud. The company's pension regulations prohibited regular employees from selling their stock, but the executives sold millions of dollars' worth of shares just before the fraud publicly was made known. Now what does one make of Arthur Andersen's part in this, who was convicted of tampering with witnesses when the country's largest accounting firm at the time told its employees to shred two tons of Enron documents? They were caught red-handed, but he still shamefully tried to lie about the truth till the end.
What is Business Ethics? ... Businesses cannot function without ethics, why? ... A focal point on ethics in the workplace shows and alerts leaders and staff on how they should act. ... The following list describes various types of benefits from managing ethics in the workplace. 1. ... Attention to ethics ensures highly ethical policies and procedures in the workplace. ...
Business Ethics has always been a staple in the life of the average American business. ... Businesses cannot function without ethics, why? ... For one-example authors Garrett and Klonoski (1986), mention an important relationship in business relation to the premise of ethics: "The relationship of the buyer and the seller is crucial in economics, law, and ethics. ... Ethical Conduct in the Workplace A focal point on ethics in the workplace shows and alerts leaders and staff on how they should act. ... Business ethics can be a strong preventative medicine of dreadful things occurring...
Never is it more crucial to maintain strong communications than when in the workplace. ... Overcoming such cultural diversity is crucial to a positive, professional work environment. ... Employees that feel appreciated and welcomed in the workplace are consistently more productive. ... Integrity of business ethics provides training to enable employees to overcome their ability to handle workloads and responsibilities. ... One way would be business communication. ...
Ethics and security are two very important building blocks to a business. Yet, many people neglect ethics as an important concept in the work place. As new forms of technology evolve rapidly into the workplace, it poses new challenges for our ethics "the principles and standards that guide our behavior toward other people (Baltzan 2014). ... Information and data protection is crucial, however information can be made more secure by training your employees. ... Why? ...
This approach, from a business standpoint, makes a lot of sense. ... Of course, when you employ thousands of people across thousands of miles, it is crucial that leadership and communication is clear, concise, and consistent. ... The Cheesecake Factory's Code of Ethics and Business Conduct was last revised in 2006, and is available online at the Cheesecake Factory's website for investor's, employees, curious customers, or potential applicants. In 2011, the company was awarded a "Best Practices" award at the National Exceptional Workplaces Convention. ... Maybe this ...
Management of Safety Health The responsibility of the business is to observe and assess safe practices procedures which might be implemented and this is often carried out by way of inspection and auditing the particular workplace by means of conducting details method or may be managing structure and counsel. ... Precisely various communities, people and businesses should work together to ensure the safety and healthy setting. ... A physician must have lifelong learning and responsibility from a recognized institution to be enough experienced and to be able to provide quality treatment ...
Despite the necessity of these often-unrealistic assumptions, the Invisible Hand' has worked exceedingly well in the market of business and monetary transactions. ... Advancement in technology is one product of good' business that has spillover effects on civic engagement. ... It is also important to note that similar questions could be asked about other recent economic-related changes, such as the increased scale of business. ... But perhaps the economic change that has had the most dramatic spillover effects on the family is the mass movement of women into the workplace. ... ...
Introduction Equal opportunities are very important in the modern workplace. ... In the workplace there should be no form of discrimination. ... Comply with the terms and conditions of your contract of employment Comply with and health and safety regulations and co-operate with your employer in his or her attempts to provide a safe working environment Business View From the point if view of self-interest this matter is crucial to business success. ... Companies who readily accept targeting in other areas of their business may find difficulty in explaining why targeting achievemen...
I was confused as to why this cashier, whose job it was to interact with hundreds of people daily, possessed such an appalling attitude. ... It is a well known fact that the Bahamian Government has placed more than enough of its eggs in this basket, so its survival and success is crucial. ... People, especially locals should be able to support fellow Bahamian businesses. ... Workplaces have also set up programs to re-train its employees in proper behavioral skills, and proper tasks that need to be completed on the job. The service industry seems to be the backbone of the economy and therefore...