7 Principles of Ethics in Business: A Guide for Executives

Business ethics is a set of moral values or a personal code of ethics that guide decisions made in the workplace. From the employee in the sales room to the business executive in the corner office, decisions made at work are often judged by a much larger number of people than personal decisions. Therefore, the fate of an employee, and perhaps the fate of the organization, could rise or fall depending on the perceived integrity of the decisions that are made in the workplace. When it comes to business, ethical behavior can be determined by basic business principles, company morals, and codes of conduct specific to certain industries.

Basic business principles say that you should create a quality product and pay fair wages to your employees. Corresponding examples of business ethics could be that you shouldn't falsely advertise your product and you shouldn't pay more to one race or gender than another. Company morals could also dictate that the company does not advertise on networks that have certain political views or that the salaries of company executives be made public. Another type of example of ethical business practice is a code of ethics, which is often specific to different professions.

For example, financial advisors have something called a fiduciary duty, which is a legal requirement to act for the benefit of their clients. To achieve lasting and sustainable success, organizations need all their staff to make ethically sound decisions regarding work performance and personal behavior. This is especially difficult when the stakes are high and no one else is watching. To help set company expectations, an executive with an inherent appreciation for ethical values can help promote a caring environment in which ethical behavior is encouraged and encouraged. In fact, business leaders committed to personal and organizational excellence are often asked to define a specific set of ethical business practices to help employees understand the principles by which they will be judged. Once developed and implemented, this set of principles offers a path to lasting and sustainable success. Organizations are focusing more than ever on recruiting and retaining staff committed to moral integrity and ethical business practices.

With no in-person or in-person requirements, Marquette University's 100% online MBA offers you the cutting-edge skill set needed to develop and implement ethical business principles that can immediately guide you and your organization to lasting success. Creating and communicating a code of values and ethics is important, but if people don't live up to those standards in everything they do, it won't matter what you say. Ultimately, customers and the public will judge the company by what it does. This means that every person who interacts with or impacts a customer in some way must provide value and make them feel valued. Fundamentally, this is where the integrity of a company is revealed. It is reflected in the reliability and reliability that a company demonstrates in every interaction and transaction.

When both ethics and integrity are present in a company, everyone can count on words to be backed up by appropriate actions and behaviors. When they aren't, the result is confusion, disappointment, disgust and dysfunction, both inside and outside the organization. Yonason Goldson analyzes seven principles of ethical leadership, explores the problem of legislating ethics, and offers guidance on the application of these principles to our own actions and behavior. Our purpose here is not to resolve, or even to debate, the question of gun control. However, when faced with any problem, each of us has an ethical obligation to evaluate our own intellectual integrity. What does it say about our commitment to the truth if we condemn the fallacies in the arguments of our ideological opponents and ignore them in the arguments of our allies, or in those of ourselves? Stop looking for shortcuts, loopholes and justifications to circumvent the spirit of the law.

Look for humanity in those with whom you disagree. Demand from yourself the same intellectual integrity that you demand from others. Test your own fairness and moral objectivity. Don't try to justify your preconceptions. Ethical executives demonstrate respect for human dignity, autonomy, privacy, rights and interests of all those who participate in their decisions; they are courteous and treat all people with equal respect and dignity regardless of gender, race or national origin. The word ethics derives from Greek ethos which means personal disposition from which concept character emerges over time torrent political acrimony social anarchy eroded fundamental principles world's first true democratic republic. Business ethics concerns employees customers society environment shareholders stakeholders ethical executives aware responsibilities opportunities leadership position seek positive role models through conduct helping create environment principles-based reasoning decision-making highly appreciated. Ethical executives demonstrate personal integrity value commitment truthfulness strive excellence take responsibility actions show respect others act courage practice fairness demonstrate humility act compassion practice self-discipline show respect authority practice accountability show respect diversity practice self-reflection show respect nature practice stewardship show respect justice practice sustainability show respect truthfulness practice transparency show respect trustworthiness practice loyalty show respect responsibility practice commitment show respect honesty practice integrity. When faced with any problem each one has an ethical obligation to evaluate his own intellectual integrity.

Ethical executives demonstrate respect for human dignity autonomy privacy rights interests all those who participate their decisions courteous treat people equal regardless gender race national origin. Stop looking shortcuts loopholes justifications circumvent spirit law look humanity those whom disagree demand same intellectual integrity demand others test fairness moral objectivity don't try justify preconceptions ultimately customers public judge company what does. Creating communicating code values ethics important people don't live up standards everything won't matter say customers value chain fundamentally where integrity....