Code Of Ethics In A Business Organization

Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility. The behavior and the individual values of the leader provide the direction to the business. Leader’s actions in term of ethical behavior and unethical behavior gives ideas to the employee and other stakeholders that what need to follow and what values are aspired in an organization. The position of the leader with moral and ethical values is most important to provide the solutions to ethical issues in a workplace. This also evident from above discussion that ethical leadership is also crucial in developing the ethical culture within an organization.

ETHICS IN FASHION INTRODUCTION MEANING OF ETHICS Ethics reflect beliefs about what is right, what is wrong, what is just, what is unjust, what is good, what is bad in terms of human behaviour. Ethical principles serve as a guide to behaviour on a personal level, within professions, and at the organisational level. It is based on written or unwritten codes of principles and values held in society. BUSINESS ETHICS also called as corporate ethics is a form of ethics or professional ethics that examines the ethical principles and moral or ethical problems that arise in a business environment. It applies to all the aspects of business conduct and it is relevant to the conduct of individuals and the entire organisations.

For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad. Every etiquette that a business has, will reflect on what kind of company or business you are. Thus, every company or business must show the proper and right etiquettes it should have, so that the customers will have that kind of trust and a good feedback on your company.

Chemerix should have a comprehensive code of conduct. The most important factor for a company to promote moral behavior is a complete list of codes of conduct. It plays as a guideline, and helps the company to make ethical decisions, and solve ethical dilemmas. As a result, following a well-structured code of conduct increases the reputation of the company, and prevents negative financial effects due to legal issues. Companies should make sure that employees read and understand the requirements of their organization 's code of conduct.

Introduction The importance of ethics in the workplace is describes how the business will be run. A successful business depends on: managers, customers, suppliers, employees, and even competitors. The ethical terms that trust is built upon in the ethical business practice are: laws, ethics, values, morals, integrity, and character. (The Importance of Ethics in the Workplace - FMLink, Inc., n.d.) This paper will be discussing the importance of ethics in the workplace, as well as how our actions affect not only ourselves, but also those around us. In addition, this paper will discuss the impact that ethical relativism and globalization, dealing with ethics in the workplace.

In summary, companies that are truly committed to best practices, or “management practices and work processes that lead to world-class, superior performance,” must not underestimate the importance of ethics in the workplace. Implementing a third-party ethics hotline is one way a company can demonstrate its commitment to ethical behavior. Some of the companies which implement ethical hotlines in their business KPMG:-they consider employees as one of the major source to uncover and mitigate fraud, they have an ethical helpline service that can help clients establish and manage a secure, efficient and reporting channel for whistle blowing for matters which are unethical and use ethics reporting mechanisms such as

Leaders set the example and represent the entire organization. When you have an ethical leader, it is more likely that you will have a much more productive and collaborative body of workers. Also, ethical leaders create ethical cultures that influence followers to behave more ethically and to refrain from behaving unethically (Schaubroeck et al., 2012). Therefore, core values of an organization must always be exemplified by ethical leaders. Two key principles of ethical leadership include integrity and respect.

Business ethics also referred to as corporate ethics can be considered as either a form of applied ethics or professional ethics. Its purpose is to analyse ethical principles and also moral as well as the ethical problems that might arise in a business environment. Business ethic is applicable to all parts of business conduct and also takes into consideration the conduct of individuals and the business organizations as a whole. Business ethics can be divided into normative and descriptive discipline. For the purpose of this assignment, the Nestle Company has been chosen.

This creates a sense of safety and direction, resulting in feelings of trust and sets the stage for development, both leader responsibilities in the Servant Leadership Theory. Expectations and goals must benefit both the organization and the individuals. Organizational culture and reputations are simply a result of the actions of the individuals in an organization. Ethical leaders can shape and influence those actions through their unwavering example, open communication, and ability to work through ethical dilemmas. References Brown, M. E., Treviño, L. K., & Harrison, D. (2005).

There needs to be a background of ethics in order for ethical decisions to be made. The purpose of this study is to discuss the ethical decision making processes and to do so, theories and models used by businesses in this process need to be studied. Since this study revolves around ethics, there’s a need to clearly define business ethics, which according to Crane and Mattern (2010:5), is studying business situations, activities and decisions