History[ edit ] Business ethics reflect the norms of each historical period. As time passes, norms evolve, causing accepted behaviors to become objectionable. Business ethics and the resulting behavior evolved as well.
It provides employees with a framework of which rules exist, from a regulatory and law-enforcement standpoint and how to act in the gray areas of value-based ethics that aren't always clear. Create each section of your code of ethics with a specific purpose to develop the company culture you desire.
Follow the Law Many ethical issues boil down to legal issues. While many business owners don't feel the need to tell employees to follow the law, it is important that the code of ethics addresses it.
The reason it is important to address in your code of ethics is that employees might not think what they do will affect their job status. For example, a plumbing company that has plumbers use company vans needs to know that the drivers aren't driving under the influence either at work or after hours.
After hours has a direct impact on the company because employers must insure every driver; drivers with bad driving records might lose their license and be unable to perform job duties.
Regulatory Issues Regulatory issues are also legal issues but have more to do with processes and procedures than actually breaking the law. For example, privacy policies require keeping client information confidential and secure.
That is a regulation. Stealing the customer's identity goes beyond violating the regulatory portion, it breaks the law. When defining regulatory issues in your code of ethics, state what the regulations are and how the company expects employees to maintain ethical practices in that area.
For example, mortgage brokers have to complete a specific number of continuing education credits before license renewal. It would be unethical for two brokers to do the continuing education together online to complete it collaboratively rather than individually.
Value-Based Ethics Value-based ethics get to the heart of your corporate culture. It defines how you want your business to be seen by the community. It establishes a component of your brand beyond your product or service. For example, a value-based section of your code of ethics might involve community involvement.
Another value-based code of ethics statement might involve going green with office practices and product packaging. Professionalism Defined The last component of a code of ethics you need to address is the level of professionalism you expect from employees.
This could include integrity, honest sales practices and respectful conduct to co-workers.
You can also include dress code, desk organization and general office conduct rules. Where one business might not be concerned with men wearing a tie to the office, a financial services company might. Consider your professional standards and outline them, so that there is no confusion in the office.There is growing research in all areas of ethics and CSR that govern the activities of a firm and the value systems that underlie their business activities.
Ethical values, translated into active language establishing standards or rules describing the kind of behavior an ethical person should and . Jun 26, · The role of government in business ethics is ideally hands off, but some businesses have made governmental intervention a necessity. Operating an ehtical business and making a profit it possible.
The Obama administration has strengthened the rules on executive branch officials accepting outside gifts, the Office of Government Ethics (OGE) announced on . Social Responsibility. Social responsibility and business ethics are often regarding as the same concepts.
However, the social responsibility movement is but one aspect of the overall discipline of business ethics. The Obama administration has strengthened the rules on executive branch officials accepting outside gifts, the Office of Government Ethics (OGE) announced on Wednesday.