Ethics - Assert Your Business Ethics and Values

| Saturday, April 2, 2011
By Yuki Sano


How we interact with others tells a lot about our personal ethics. Whether or not you run your own business, you can affect how the organisation operates and improve its ethics. When we take less than honest culture with us into the workplace, we often assume that we deserve far more from our employers than the salary for which we contract to work. Despite what most workers assume, many businesses, especially small and medium enterprises, struggle to stay afloat, pay crippling interest on loans, high VAT and tax bills and are held to ransom by staff who deliver far less than their best, but expect generous salaries.

With the recent news of the continued lack of demonstration of positive core values by many leaders from the business to the political worlds, there appears to be a lack of joining or binding positive core values to demonstrated behaviors. Imagine what would happen if each of us asserted our values to our behaviors?

Business ethics consist of a normative and descriptive discipline. Basic normative ethics are cooperate functions including carrier in nature. The amount of business ethical issues and the extent of these issues show how much of a problem the business in question is at odds with non-economic social values. If a business decides to participate in unethical practices, it is very important for businesses and companies in the same line of business to discuss the problems either individually or as an industry collective.

For example, the word punctual is in many job descriptions and is even in some values statements through its synonyms of on time, timely, etc. This word could be asserted by being in the building: * 10 minutes before work time * But getting coffee at 8:00am and not at the workstation * And at the workstation at 8:00am

Many of the large corporations have found favor with communities that they operate in by providing basic amenities such as health care, education and a variety of job opportunities to the residents. Black market sales, bribery, kick backs, creative accounting or cooking the books, deceptive advertising, political influence, industrial espionage, discrimination and competitive disinformation are a few of the very common ethical issues surrounding many businesses.

In a business there are many sectors with different responsibilities and processes. Ethical practices may slightly vary from one sector to the other but come together to define the company's ethical policies. The financial aspect of business ethics is concerned with debt and equity financing, dividend policy, evaluation of alternative investment projects.

Once created, employer, employees, vendors, subcontractors, suppliers and consultants should be held accountable to the code of ethics. Further training, guidance or disciplinary action could be expected when behaviour detracts from it. Behaviour upholding it should be recognised and applauded.

Organisations with strong, living, breathing codes of ethics often attract exceptional employees and appear less likely to foster fraud and corruption. Perhaps that's a good tip for government departments. An exemplary code of ethics balances the quest for profit and expansion with fair, honest treatment and outstanding customer service. Practised openly, on an ongoing basis, it encourages all staff members to strive to deliver their best and consider the consequences of their actions.




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