Code Of Ethics In Professional Organizations Case Study

The role of ethics in professional organizations is very important because it teaches the professionals, how to behave in their respective organizations. According to James Brusseau, “Ethics is about determining value; it’s deciding what’s worth doing and what doesn’t matter so much. Business ethics is the way we decide what kind of career to pursue, what choices we make on the job, which companies we want to work with, and what kind of economic world we want to live in.”

A code of ethics is an important document for any business as any violation of the code will result in a serious trouble for the organization. It helps making comprehensive decisions not only by decreasing the confusion associated with issues but also helps in giving importance to individual concerns. The major purpose of code of business ethics is to create a common framework which helps in recognizing and implementing standardized decisions. It benefits by understanding the limitations internally and providing standardized data for customers. It also helps in protecting the reputation of the company when an individual violates the code.

An International code of business Ethics is much complex than code of ethics for one nation. This is because ethical standards change from one country to other. They are different in different cultures. So it is important for employees of multinational companies to know and understand each other’s ethical standards. There is a need for organizations to write code of ethics that are allowable in other foreign ethical standards.

The following are some of the international code of business ethics to be used in decision-making by multinational teams worldwide.

1. Ethics at Workplace (Diversity and