Examining Business Ethic

What do we know when we heard the word ‘ethics ‘? Do we moan and groan and say here comes another lecture on right and wrong? Some think along these lines… where the question of ethics makes us run a mile away, and then there are people who think they’re the moral police themselves. We aren’t talking about ethics and ethics here. However, rather we’re discussing the code of ethics in the course of a business place.

The word ‘ethics’ has been derived from the Greek word ‘ethos’ which means conduct, customs or character. Now let us ponder up on this for a while…ethics according to the Greeks would mean a code of conduct, the manner of customs and the character of a person’s morals. It would also mean in a positive manner the accepting of responsibilities.

Are There Any Business Ethic Secrets?

To avoid problems with patients, physicians and clinicians also follow the tenets of loyalty and fairness. First, the word loyalty means faithfulness. The second word fairness means impartiality. Therefore, according to the direction of the words, physicians and clinicians should be faithful and impartial to their patients. That is the way physicians and clinicians should behave when they conduct their business. They should say what they’re saying and mean what they say.

Medical law and ethics are so important that clinicians are needed to know about them before they perform any procedures on patients. Therefore, to make a positive difference in the world, physicians and clinicians must use law, morality in their work, and ethics. The five principles of beneficence, nonmaleficence, respect for autonomy, fairness, and loyalty “help clinicians understand how the ethical principles connect with the facts of the clinical case ” (Jonsen, Siegler, & Winslade, p. 2).

Jonsen, R. Albert, Siegler, Mark, & Winslade, J. William (2006). Clinical Ethics: A Practical Approach to Ethical Decisions in Clinical Medicine, 18.

A lot of people talk about right and wrong, the acceptable and unacceptable and principles and protocol, all this pertains to ethics. So while we’re here, let us start off with business ethics. Every business or every entrepreneur has to have some framework for their code of conduct for a business; this would basically be the guidelines within which a business can conduct certain activities.

Criminal behavior and legal framework: Every business needs to get a code of ethics pertaining to criminal behavior and legal issues. The employees in the course of a business need to be trained sufficiently regarding legalities of the company and the consequences their actions would have upon them and the business.

Human values and personal behavior: Every business needs to have an ethical framework or policy for human values and behavior. Employees should be given training on how to respond with different people, be it customer, suppliers or competitors. They need to be mindful of how they’re expected to behave with people at various levels and that inappropriate behavior will have consequences.

Corporate and Business Ethics: Though we’re discussing business ethics, this strictly relates to the corporate ethics, ethical policies for business and actions that are going to be under check and need to be in accordance with legal framework and standards.

It is very important to realize that each person has his or her own impression of ethics. What may be wrong for one person may be right for another and vice versa. People are people and their views and ethics cannot be changed overnight or even with a fortnight. Each person has grown up with a specific cultural background and their own understanding of right and wrong. From a businessman from the point of view, it is important to gauge a person’s understanding of ethics before hiring that person to work for you. You need to understand if their feelings of ethics is in accordance with you and your business. Social factors also play and important part and so does education and up bringing.

It is important that before a person starts working for you, they’re inducted into the business. This induction period is of importance as it was during this time that the person can be put in place to your ethics and your business ethics. This is the time when he’s introduced to what is right and what’s wrong for your company, and what is ethical and what is unethical from your business stand point.

To answer the problem of why business ethics are important, you must understand what the phrase ‘business ethics’ really means. At the most basic level, business ethics are no more than the code of values and principles that govern the proceedings of a person, or a set of people, regarding what is right versus what is wrong.

A person the sense of ethics has an effect on the type of conduct the individual will exhibit. When people are able to say to the difference between right and wrong and they choose to do what’s right, then they’re acting in an ethical manner. Business ethics are not just about the distinction between right and wrong; they’re the actual application of such knowledge to business.

While many businesses have codes of conduct, the words written in a formal code are valuable only if their intent is reflected in the acts of the people who represent the organization. A business cannot be any more – or less – ethical than the people who run it and who work for it. People take their cues regarding the behaviors that are acceptable based on how they see the corporation’s leaders acting and the behaviors that they see being rewarded in their peers within a company. Businesses that are run by leaders who conduct themselves in an ethical manner and who reward employees for doing what’s right are far more likely to be characterized by a positive ethical culture.

At the end of it all, remember that ethics have a lot to be done with perception. This can be modified but never completely changed.

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