The Importance Of Business Ethics In The Business Environment

There is need to pay more attention to an analysis of unethical behavior in leadership and its relation to corporate culture. 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.

It focuses on the difference between right and wrong, good and bad. Some principles that all employees of Add Hope should apply: • Be trustworthy: customers want to do business with a trustworthy organization. If the organization can prove that it is worthy of the customer’s trust, in return the customer will give the organization their loyalty. • Meet Obligations: honour al commitments and obligations.

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Ruby Tuesday operates on a documented code of ethical conduct that governs both the internal and external affairs of the company. As Chief Executive Officer of Ruby Tuesday, I deem the code of conduct an essential part of the overall functioning of the business. Customer satisfaction, issues pertaining to employees and legal compliance form the foundation for efficiency and sustainability of any business. The code provides a balance and allows for transparency in terms of the expectations and duties of all stakeholders. All aspects of the code of ethics of Ruby Tuesday are important to the viability of the company.

Topic: Ethics and Professionalism Date: 16 August 2016 Ethics refers to the moral values set mostly by society and by the business as a standard for correct behaviour and professionalism refers to the way the business managers and employees conduct themselves when in contact with stakeholders (people directly or indirectly affected by the business). The Code of Ethics and Code of Conduct describes the way the organisation operates and the appropriate behaviour that is expected in the workplace respectively; from not only employees but managers too. The Code of Conduct is vital for every business to move forward with integrity from its leaders in their character and performance.

One of the best ways to communicate organizational ethics is by training employees on company standards. One example of organizational ethics is the uniform treatment of all employees. Both large and small

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 Nowadays, ethics and integrity has played a vital role in our daily lives especially in the workplace. Ethics is defined as being concerned with judgements involved in the moral decision, whether it is good or bad, true and fair (Velasquez 1999); whereas, integrity is defined as the honesty and having strong moral principles in reporting. The purpose of this assignment is to find out and understand how importance of ethics and integrity has played in the business and workplace. Responses and Evidences Why compliance with Ethics and Integrity?

A well-structured organization will lead to the archiving of the company 's vision and mission. This is because a well-structured organization will surely lead to a good direction towards achievement. The corporate environment will always be under the supervision, regulated and not misleading or abusive of the authority. All department heads and managers will fulfil their duty

Basically, ethics are at their essence which is it is the moral judgments about what is right and what is wrong. Business ethics is focusing on examine the policies and conduct within the context of commercial enterprise in an organizational as well as in an individual level. In business, the ethics in business is an applied ethics where professionals and researchers use principles and theories to solve any ethical problems that exist in business. At the quarter of the 20th century, as technologies like internet have made world business or international business all more viable, the business ethics domestically have grown in importance along with the power and significance of major businesses. So that, international business ethics take center stage as a major concern of the modern era.

The organizations also should run their business ethically in order to earn the respect of others and can be a trustworthy. Any organizations who want to win trust are by providing transparent information, making no secret of their strategies, and being accessible to the wishes