Ethics: The Code Of Moral Principles And Behavior

1161 Words 5 Pages
Ethics is an important factor in our lives, especially in the business world. Ethics is the code of moral principles and values that manage behaviors of a person or a group govern with respect to what is right or wrong. Ethics deals with internal values that are a part of corporate culture, and shapes decisions concerning social responsibility with the respect to the external environment. For some ethics can hard to understand, and it can be tricky to explain to someone in a way where they easily understand. However, one explanation to make it understandable is to divide human behavior into three different categories, ordered law, ethics and free choice. Codified law, are values and standards written into the legal system enforceable in the …show more content…
By obeying the law an organization will be respected and trusted by the external and internal environment. Organizations with a culture of integrity do first have a concern for the law, but they move beyond that with an emphasis on managerial responsibility for ethical behavior. An organization also needs to develop a code of ethics. A code of ethics is like a policy statement that employees need to adhere to. This policy also needs sanctions for violation of the code. If the sanctions are absent, the code is just a list of pieties. The most severe sanction is usually dismissal, unless a crime has been committed. (Unknown) Corporate social responsibility programs or charity is something more and more companies are turning to. They are doing so in order to improve their image, they engage in such activities because if the perception of the company is corrupt or unethical is can lead to public relations nightmares. A good reputation is very important these days, and companies with good reputations succeed in today’s market. Those companies known for unethical practices suffer in today’s …show more content…
In order to be successful a business must keep the customer experience in mind. It is possible to improve customer experience by meeting all their requirements, doing what is best for them and doing it right the first time around for new customer. In order to keep those customers happy an organization needs their employees to be happy, so they produce the best results possible. Employees tend to become distracted at the office by poor ethics in the workplace. Not only are unethical practices wrong, but they also influence company success when employees are unable to focus on their work due to unethical behavior or company practices. Employees focus better when good ethics are in place, and as a result, it improves the company’s productivity and bottom line. (Kaput,

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