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Business Ethics; For Organisation to develop a code of ethics which acts as a guide to the development and implementation of their policies and procedures.
there is a very thin line between crossing the line to unethical practices, chasing large profits usually causes organisations to cross this line to unethical practices
Business ethics is also an important tool to introduced to an organization. Lack there of could spell big trouble.
What legal action can be taken when an organisation is not conducting it's operation according to it's ethics?
This is unavoidable thing to use in big companies
Putting in place appropriate code of ethics and ensuring strict compliance and maintaining internal and external discipline will help the company succeed in a lot of ways.
work ethics in work place give your worker more reason to work with
Business ethics are moral standards and principles that underpin the organisation's policies and procedures.Judgments that an organisation makes in terms of what is wrong and what is right.
Business Ethics underpins all aspects of functionality an organization flows into. As managers is important that we lay out completely, to all the employees, how our organization would conducts itself in every transaction/dealings within and outside the organization.
Business Management - Business ethics
Business ethics is another issue area that management in organisations
today must take into account when developing and implementing its policies
and procedures. Business ethics relate to the moral standards and
principles that underpin the organisation's policies and procedures; it's
about the judgements that the organisation makes in terms of what it
considers to be 'right or wrong'. Organisations and their affiliated bodies
and associations must develop a code of ethics which acts as a guide to the
development and implementation of their policies and procedures. An example
of such a code is the development and publication of 'corporate governance'
statements that need to be drawn up by all public companies. The statements
provide detail relating to:
* the composition, role and responsibilities of the board of directors
* administrative structures of the board
* descriptions of committee responsibilities and the responsibilities of
individual members with respect to these specific committees
* other details relating to subsidiary companies governed by the board
* appointments to audit the accounts and operations of the organisation
* risk management procedures
These statements are seen to be significant in terms of protecting the
interests of shareholders with respect to how organisation are operated and
controlled by the board of directors.
Business ethics also impacts on other aspects of the operations of an
organisation. For example, advertising undertaken by the organisation must
conform to certain legal requirements, but it should, in fact, go even
beyond that by conforming not only to the letter of the law but also the
spirit of the law. Government rules and regulations cover just about every
aspect of the organisation's operations and management must make sure that
they not only conform to these rules and regulations but that they also do
not attempt to breach their provisions by any unethical practices or
procedures, e.g. short cutting safety procedures in an effort to improve
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