For effective running of business activities, business management strategies and ethics in the workplace are important. Business management strategy is the systematic high level of a plan of actions aimed at planning and performing business actions. Also, they provide the most effective way to achieve business goals and objectives. Ethics in the workplace is a dynamic set of values, norms, and principles that are followed by both employees and workers in the workplace. The employees set these ethics to foster both the employee-employer relationship and employee-client relationship. In addition, also, work ethics guides employees on how to govern themselves and their work attitude.
business management strategies and ethics in the workplace
THE IMPORTANCE OF BUSINESS MANAGEMENT STRATEGIES
Business management strategies are important in the following ways. It helps in planning hence businesses can predict future trends that will help build the business. Second, it helps in forward-thinking. Therefore, a business can draw clear long term goals. These goals and objectives are important to the business since they pervade distinct ideas in how to move forward which is beneficial for the growth of a business. Lastly, they help in resource allocation. This ensures that the business can manage the available resources. Also, it teaches the employees and employers on ethics in the workplace to ensure they share resources appropriately.
the importance of business management strategies
THE PRINCIPLES OF ETHICS IN THE WORKPLACE
Ethics in the workplace has the following principles. First, autonomy where the employees and employers need to take care of themselves. It, therefore, involves self-determination, self-responsibility, and the right to freedom of choice. Second, nonmaleficence whereby the people in the workplace should ensure that they do not harm themselves or each other. Third, beneficence which involves the members working to provide a benefit in the process of achievement of the business goals and objectives. Fourth, justice is a principle that is important in business management strategies. This ensures that there is fairness in all sections of the business and that all workers agree to any decisions made.
the principles of ethics in the workplace
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