Why business is ethical? Paying attention to ethics makes good business sense. We create goodwill for our companies and enhance our chances of success Ethical behavior is important in the workplace In short Everywhere business is conducted, ethics matters.
What does it mean to be ethical?EthicsValuesMoralsIntegrityCharacterLaws These six concepts—ethics, values, morals, integrity, character, and laws— form the foundation of ethical business practices
Importance of Ethical Behavior in the WorkplaceEthical standards play important role in protection of company assetsSometimes the most damaging acts are not the most obviousCombating the subtle subversionMore examples of the silent saboteursPerforming with unquestionable ethics and integritySweat the small stuffMore of the silent saboteursIts only a penHelp on ethical decisions
1) Ethical standards play important role inprotection of company assetsA good indicator of high levels of corporateemployee ethics is how well employees protect their companys assetsEmployees who are treated with dignity and respectEmployee’s opinion of their organization is their conduct at work
Employees who have respect for their organization andco-workers will avoid such practices Padding of labor charges and expense accounts Personal long distance phone calls on company accounts Untidy work areas, break areas and rest rooms Taking office supplies home Excessive breaks or sick days Improper use of copy machines and computer equipment
2) Sometimes the most damaging acts are not themost obviousMuch time and effort are spent discussing those obvious ethical problems and situations.Sometimes, however, our work relationships, our productivity, job satisfaction, and trust in our fellows are damaged by the subtle and subversive games that people play.Ethical scandals in todays businesses quickly make it to the national spotlight.Almost every newspaper highlights some situation or issue reeking of unethical behavior, questionable business practices, or outright law violations.