In topic 1, I will discuss about business codes. Before I discuss about business codes, I will explain to you ‘what is ethics’, Ethics are beliefs about what is right and wrong, or good and bad in activities that affect others. Nowadays, the business is growing and requires better management. No doubt, business ethics has a very big role in it. Applying consistent business ethics can realize a healthy business climate, efficient and transparent is one of the major contributions that can be provided by the business to encourage the creation of an efficient market, transparent and able to provide great benefits for all stakeholders.
It is important for HR personnel to have knowledge of the business, customers, leadership traits, the right HR systems and appropriate delivery systems. Understanding the business is a key element for HR to become effective. Every business is unique and therefore, the HR has to understand the unique elements of the business which determines how the human capital behave. Understanding the business enables the HR function to analyze the strategic objectives for each activity. In other words, the HRM is in a better position to add value if they understand the business.
Ethical Effects Organizational culture is the basis for which ethical behaviors are established. The recognized levels to which ethical behaviors are or are not acceptable come directly from an organization’s culture. Organizations must lead by example in this area. Working conditions in respect of ethical standards, represent a guarantee for achieving the desired business success. Contemporary successful managers work on highly professional managerial level, respecting business ethics.
In the business world values co-relate with an organisations vision. Values are usually “the-behind-the-scene” guidelines to direct the business activities and how they should be operated. They ensure that the public is aware of what the organisation stands for and what they perceive as important principles for their business. Traits such as integrity, professionalism, honesty, respect and commitment are some of the values that can be observed. J.Landauer and J.Rowland reckon that values are essential to ethics.
It can be said that ethics are a vital segment in business achievement. Since business contacts is likewise the center of business procedures, then, ought to be joined morals in business correspondence procedure to make certain long haul gainfulness and great relations with the proprietors of hobbies. Janet and Chaney (2012) mentioned out that there is a direct correlation between ethical business communication and customer loyalty. Ethical business communication plays a role in the development of a loyal customer base because of the ethical manners of the company when it comes to communications command. Ethical business communication helps to create a positive image of the organization in the workplace, which helps in attracting
A sustaniable human resource management uses various methods and tools to create a global worksforce that trusts the organization and its strategies towards the global sustainability. They ensure that the employees has enough skills and values for implementing sustainability initiatives, and are they motivated properly to achieve the triple bottom line. There are various ways in which human resources can impact corporate social responsibility and triple bottom line. Some of those include proper staffing strategies, training and development on sustainable practises and strategies, motivating employees, provide attractive remuneration, conduct performance appraisals, maintain good labor
Improving Business Performance by Ethics: In today’s world business ethics are being structured and implemented to find out the issues face everyday like legal, ethical, social responsibility etc. By resolving or finding these in an organized way, business can improve their performance, extend their scope growing, and contribute to the society as well. The system of business conduct contributes a lot in these fields of an enterprise and this concept is believe and supported by many business owners a well as other people . Business ethics program reflects global norms and its values provide a common language between an enterprise and external investors. To create and maintain opportunity to build partnerships that are based on respect, shared values, and mutual trust they need ethics in practice.
Ethics, Character, and Personal Integrity The ethics, character, and personal integrity that a company has are import because these are some of the key components that build up the foundation of a company. A leader has to set standards that are backed up by the actions they perform and the plans that have for the organization. Ethics are an essential when structuring a company. The person in charge must be able to execute and establish guidelines that give integrity and uses goals to obtain the mission of the company. Leaders must have the proper skills and techniques necessary to effectively display the morals that they want to be emulated by their employees.
The right business language must also be applied or utilized in order to make the business environment to thrive. With the continued research on the importance of management in the business, it is important that organizations strategize on how to capitalize on strategic management while at the same time exercise caution so as to avoid any negative impacts. This essay strives to provide an understanding on the discourses of strategic management, politics and power on the business environment which is all combined to illustrate what business management
This handbook will help managers to understand the importance and the principle of the moral and ethical leadership, the path to a better ethical decision making, and ways to create a moral and ethical organizational culture. The Importance of Moral and Ethical Leadership Moral and ethical leaders are essential for any successful business because these leaders are the essential links between the organization’s objectives and its stakeholders. Leaders are the face of any organization, and their actions reflect the values and the ethics the organization they represent. Therefore, if a leader’s action and decision is ethical, the stakeholders and other organizations will respect the leader and the organization. Recent history has shown that ethical behaviors are important in sustaining businesses; large corporations such as Enron, Chevron, and Worldcom, destroyed people’s lives through unethical business behaviors (Josephson, M., 2013).