Codes of ethics provide explicit guidance to steer both organizational and employee conduct internally and externally according to moral principles. They advantageously clarify expectations, build identity and reputation, and promote excellence. However, codes require proper implementation to avoid cynicism from seeming superficial or causing demand on management. Effective introduction also prevents unrealistic expectations.
Business Ethics: An obligatory aspect of current business.
Business ethics are a form of professional and moral ethics which a business organization must follow when doing its business.
Business Ethics: An obligatory aspect of current business.
Business ethics are a form of professional and moral ethics which a business organization must follow when doing its business.
Code of Conduct - Code of Practice & StandardsAdeel Rasheed
In which we explain introduction, importance, sections, steps of creation, responsibilities, violations and some other important contents about codes of conduct.
Code of Conduct - Code of Practice & StandardsAdeel Rasheed
In which we explain introduction, importance, sections, steps of creation, responsibilities, violations and some other important contents about codes of conduct.
A set of rules about good and bad behavior
A code of ethics is a set of principles and rules used by companies, professional organizations and individuals to govern their decision making in choosing between right and wrong
2. Definition
Code of ethics are guideline to the
moral principles or values used by
organizations to steer conduct , both
for the organization itself and its
employees , in all their business
activities , both internal and external
.
Advantages of a code of ethics :
Provides explicit guidance to
managers and employees so they
know what is expected of them in
terms of ethical behavior .
Provides new employees with
ethical guidance and a sense of
common identity .
3. Enhances the organization’s
reputation and inspires public
confidence .
Signals to suppliers and customers
the organization expectation of
proper conduct .
Promotes a culture of excellence by
demonstrating the commitment of
the organization to ethical behavior .
Disadvantages of a code of ethics :
Introducing a code can lead to
cynicism if it is seen only as a paper
exercise .
Without proper guidance , different
parts of the organization may
interpret the code differently ,
ultimately devaluing it .
4. Introducing and implementing the
code effectively will be demanding
of senior management time .
The code may raise public and
employee expectations to a level
that the organization is unable to live
up to .