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Cite a time you exercised proper business ethics What was the result?
Wiki User
∙ 12y ago
A decision I made during my supervisory job in DSWD to act in a professional manner applying business ethics even my superior acted unproffesionally. The result was effective since my decision really favored the body itself. Professional ethics concerns the moral issues that arise because of the specialist knowledge that professionals attain, and how the use of this knowledge should be governed when providing a service to the public.You are compliant with the company's policies, and procedures. You also do not intend to pose harm to the company, its share and stakeholders, or employees. You also respect authority and abide by the rules and regulations set forth by your Manager or Supervisor.
Wiki User
∙ 12y ago
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What was the result when you exercise proper business ethics?
There are many occasions when proper business ethics are exercised by organisations and commercial firms which consider themselves socially responsible and viable. Most financial organisations value their investors as a way of exercising ethics in their business. They call this the Human Capital Value. By considering people as their prime asset, businesses around the world scale their way to success. People of the organisation may include employees, investors, stakeholders, contractors and suppliers. However, in this age of global competition and limits, modern businessmen believe that ethics do not help the business to succeed and prosper, but limits it's resources. The new business age has given birth to a new set of business ethics which are in the best interest of the business itself, these ethics include: valuing diversity, distributed power, reality testing etc. These ethics are further known to be global ethics. ruby Source: - http://www.blurtit.com
How can the use of ethics result in the formulation of business processes?
In the UK the Co-op bank has a strong and explicit ethical policy so it will not accept funds from companies involved in the arms trade,tobacco companies etc. Ethics thus has a clear relationship to business strategy.
Why is self-management important in business?
Self-management is very important in business as this is what would result into proper management of the business. It becomes easy to have high levels of production from a team of individuals who know how to manage themselves.
How monetary policy effects a business organisation?
A monetary policy affects a business organization directly. The economy and output n business is measured through money and lack of proper monetary policies would result in to poor performance.
Which ethical framework goes against the ethical principle of obeying certain duties or responsibilities no matter the end result?
1. Deontological framework of ethics 2. Social justice through fairness framework of ethics 3. virtue ethics framework of ethics 4. utilitarian framework of ethics
Standards of behavior developed as a result of one's concept of right and wrong is the definition of?
Ethics
What is the difference between consequence- based ethics and ruled-based ethics?
A consequence is a result of an act: unprotected sex ---> you get pregnant ---> NOW you know and tell your kid: Protect!That is an insight from consequences and leads you probably to an ethics based on consequences.Ruled b. ethics is an ethics which DEMANDS following rules and threatens with consequences: Do this and that! If not, you have to carry consequences!
What is business ethics and its importance?
Answer;D.Sathish MBA.,What is Business Ethics?Business ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer.Many businesses have gained a bad reputation just by being in business. To some people, businesses are interested in making money, and that is the bottom line. It could be called capitalism in its purest form. Making money is not wrong in itself. It is the manner in which some businesses conduct themselves that brings up the question of ethical behavior.IMPORTANCE OF BUSINESS ETHICS / IMPORTANCE OF ETHICS IN BUSINESS INVESTMENT:Business ethic is that aspect of corporate governance that has to do with the moral values of managers encouraging them to be transparent in business dealings. Business ethics takes into consideration the feelings of customers in fashioning out the services or goods that is given to our customers. It also takes into account the interest of other stakeholders.Good business ethics is the backbone of every forward thinking business. This is more important now that consumerism has rooted deep into the heart of the customers. Consumerism is a term that is used to explain the rights of customers and the position of the law as far as knowing the content of what they consume is concerned.In this article, I will be discussing the importance of having good business ethics in all our business endeavors.BENEFITS OF GOOD BUSINESS ETHICSGood business ethics brings much goodwill to a company that will in the long run translate into tangible benefits. Goodwill is that intangible asset that a company has earned over her period of operation as a result of being perceived by business associates and other third parties as being transparent, reliable, straightforward, trustworthy, etcNote the use of the word ‘earned’, this means that true goodwill is earned and not purchased. Forget about the accounting goodwill here. Some of the tangible benefits that accrue a company for operating on an ethically sound business values are:PROFITABILITYThe first direct dividend of ethical business operation is ‘profitability.’ A company that is based on sound business value is more likely to be profitable than a company operating on corrupt practices.GOING CONCERN IS ASSUREDBeing profitable will ensure that the company be around for at least the next twelve months. It is the desire of every business entity to be around for a longer time. Ethical business practice is the way to go if you and your business truly value going concern.SUSTAINABILITYWithout sustainability, investmentsin business will simply not yield fruit. And without running your business on sound ethical values, sustainability will not be achieved in businesses and investments.COMPETITIVE EDGEQuality save money is a popular belief in accounting, business and investment. You will save the cost of reworking defects borne out of using poor equipment and employment of sharp practices. Again, this will give you and your investment (business) easy access to the heart of the general public if you build your business on ethical values and principles.Like Zig Ziglar would always say, “you will get all that you want in life if you can simply help enough others get what they want.” He called this the ‘golden rule philosophy.’ And it is indeed a golden rule philosophy.This philosophy is not only applicable in general life interactions. In fact, it is truer in the world of business. Your customers and other stakeholders in the business community will naturally come to love and appreciate your company and the product you have to offer if they discover that you uphold business ethics in your business operation.Good business ethics will definitely reflect on the quality of your products, because you have the satisfaction of your customers at hand while you were producing your products.Uphold good and sound business ethics in your business operation and watch your business soar!
Does one say result to or result in?
The proper use is 'result in'. As in, "I am submitting my question to the internet, which will result in a stranger submitting an answer."
What is the relation between ethics and education?
The relation of them is in some way unified and ignore. In education, it must be to educate an ethics because there is good result in our society.On the other hand, some ignore because they hate to follow good.
Moral issues that occur as a result of modern medical technology are covered under what specific discipline?
medical ethics
What is the result of poor dealing in business?
bankruptcy
