This research paper analyses the different codes of ethics and principles of ethics. Code of ethics are guidelines in an organization to what is right and what isn’t. The codes of ethics for professionals facilitate the making of appropriate decisions for organizational growth. Furthermore, it equips professionals with skills for approaching tough choices. As a result, making socially acceptable decisions. Developing a code of ethics requires maximum dedication but, in the end, impacts positively on the organization. Various professions, such as law, medicine, medicine, and business management, possess unique codes of ethics. The importance of ethics is evident in the results of the outcomes yielded in the application of the laws.
code of ethics and the principles of ethics
THE PRINCIPLES OF ETHICS IN BUSINESS MANAGEMENT
The principles of ethics are rules that describe what is socially acceptable. First is honesty, maintenance of truthfulness in all business transactions is highly crucial for business success. Upholding sincerity builds the trust of the stakeholders and shareholders of the venture. Secondly, upholding integrity by undertaking what is right without supervision is another principle. Thirdly, practicing fairness at all times by ensuring equity among all individuals. Moreover, encouraging diversity and having an open mind. The next principle is respecting others by not invading their privacy and upholding courteousness regardless of gender race or religion. Precise defining of code of ethics for professionals is mandatory before their recruitment.
principles of ethics in business management
IMPORTANCE OF ETHICS TO EMPLOYEES IN AN ORGANIZATION.
The importance of ethics to the organization are several. They include the following; compliance with legal authorities that requires each organization to implement a code of ethics. Secondly, the codes of ethics serve as a tool for marketing. A company with a working code of ethics attracts more customers. Therefore, assurance of high quality and socially accepted goods. Thirdly, it is a risk mitigation strategy. Firms with a code of ethics are at lower risks of attracting fines and penalties from a country’s local authorities. Moreover, the code of ethics navigates the decision-making process among employees. The code of ethics for professionals in an organization is essential for overall organizational productivity.
importance of ethics to employees in an organization
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