Business ethics is important when you are pertaining to other cultures especially when you need to know something about the country as well showing respect. Investing in other countries such as Mexico and China one must have a basic understanding of the culture, values, business practices which will allow individuals to adapt and have a better understanding on how to give and receive the best business ethics which are important to the organization. Hire a custom writer who has experience. It's time for you to order amazing papers!
Ethics topics that challenge organizations include but aren't limited to discrimination, social responsibility and fiduciary issues.
Ethics issues and how any organization practices ethics are more important than ever because social media readily exposes issues that might have been swept aside in previous generations. Positive Corporate Culture An organization devoting resources to developing policies and procedures that encourage ethical actions builds a positive corporate culture.
Team member morale improves when employees feel protected against retaliation for personal beliefs. These policies include anti-discriminatory rules, open door policies and equal opportunities for growth.
When employees feel good about being at work, the overall feeling in the organization is more positive. This breeds organizational loyalty and productivity, because employees feel good about showing up for work.
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Consumer Confidence An organization can lose consumer confidence very quickly with a few bad online reviews. Organizations have to retain consumer loyalty through ethical practices that start with fair and honest advertising methods and continue through the entire sales process.
One area that organizations can lose consumer confidence is failing to honor guarantees or negatively deal with complaints. This is why consistent policies and employee training is imperative. Companies must direct employees on how to treat customers according to its core values.
When an organization takes the time to identify what is important to consumers and its target market, it is better able to set value statements and protocols to meet higher ethical standards. For example, a coffee distributor that focuses on fair trade and farming sustainability, builds a brand supporting environmental and social responsibility.
Reduced Financial Liabilities Organizations that don't develop policies on ethical standards risk financial liabilities. The first liability is a reduction in sales.
For example, a real estate development company can lose customer interest and sales if its development reduces the size of an animal sanctuary. This doesn't mean a company must abandon growth. Finding an ethically responsible middle ground is imperative to sway public opinion away from corporate greed and toward environmental responsibility.
The second area of financial liability exists with potential lawsuits. No organization is exempt from a disgruntled employee or customer who claims discrimination. Sexual discrimination in the workplace is costing CEOs, politicians and celebrities their livelihood because they are not appropriately dealing with accusations and harassment claims.
Organizations must maintain policies and procedures addressing various types of harassment and discrimination. Moreover, organizations must remain consistent in the execution of policies dealing with accusations.
This helps reduce frivolous lawsuits that could bankrupt smaller organizations. References 2 Market Watch: The damaging, incalculable price of sexual harassment About the Author With more than 15 years of small business ownership including owning a State Farm agency in Southern California, Kimberlee understands the needs of business owners first hand.
When not writing, Kimberlee enjoys chasing waterfalls with her son in Hawaii.Business Ethics. This page provides a guide to the best sites on business ethics, ethics management, ethical business, corporate governance and corporate social responsibility.
Jun 29, · Organizational ethics are the principals and standards by which businesses operate, according to Reference for Business.
Philosophy Courses at Ashford University. Examine the world from another perspective with these undergraduate philosophy courses. The ethics course is a component of many business programs including the Bachelor of Arts in International Business and Bachelor of Arts in Finance among others.
Business ethics resources on corporate governance, leadership, organizational ethics, and creating an ethical culture from the Markkula Center for Applied Ethics.
Organizational business ethics is the application of these morality related choices as influenced and guided by values, standards, rules, principles, and strategies associated with.
Organizational Management Courses at Ashford University. Be prepared to lead in a constantly evolving business environment with these graduate-level organizational management courses.