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develop ethical-issue awareness
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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!
Is it good to start a business or be employed?
It's good to be employed and to start a business but you should probably be employed first to learn how to run a business and then you have to have the money to invest in a business.
If you're formatting a multipage business report how should you number the first page of the report?
When formatting a multi-page business report, you should not number the first page of the report. The first page includes the business's letterhead or contact details. After the first page, page numbers should be at the top of the page.
Why is profit important to businesses?
If there is no profit the business fails because thats the reason for the business in the first place. :-)
What is the first order of business for delegates at a national convention?
sign in
What is The first step towards understanding business ethics is to?
The first step in understanding business ethics is to create ethical issues awareness.
Is law more important than ethics?
The law and the constitution are not necessarily superior to ethics, however, they are more clearly defined, and they are enforced by the government. There are certainly some cases in which a particular individual has a better understanding of ethics than the police, judges, or other officials with whom he or she may be dealing. There are also lots of cases in which individuals have less understanding or less concern for ethics than government officials do. But in either case, governments have considerable power with which to enforce the law.
What is the primary rule of medical ethics?
The primary rule of Medical Ethics is, "First, do no harm."
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!
Who was the first philosopher to consider ethics from a scientific perspective?
Thomas Hobbes (1588-1679) was the first thinker to systematically approach ethics from a scientific viewpoint.
Who is first credited with first understanding electricity?
Ben Franklin is first credited with understanding electricity.
What things should someone have figured out before they can create their own insurance business?
When setting out to create a new insurance business, such as an independent insurance agency, there are two types of information that will be most valuable. The first consists of knowledge of the insurance industry, including appropriate legal issues and the workings of the trade. Secondly, having a good basic understanding of running a business is essential, and this includes not only business practices but understanding the nature of business within the locale one plans to do business; luckily there are business associations that can help newcomers get started.
When was sociology's code of ethics first published?
1971
Who was the first director of the los Angeles Ethics Commission?
The first chairman of the Los Angeles Ethics Commission was Alice Walker Duff. She served as chairman from 1990 to 1991.
How do you differentiate between personal ethics and professional ethics?
First AnswerI think there is no difference. Either a person is ethical and makes ethical choices or they are not.AnswerPersonal ethics are the code of values one holds in everyday life. Professional ethics is the suspension of these for pay (e.g., a public health nurse, opposed to contraception, promotes condom use as a condition of her job).AnswerProfessional ethics, such as honesty, responsibility, and reliability are very much the same as personal ethics; I personally don't differentiate. Where personal and professional ethics may differentiate is when ethics that arise in a professional setting that normally don't occur in a personal setting. The example of a professional nurse who is personally opposed to birth control is required to promote use of condoms is no different that an employee required to assist an employer cheating on their taxes; either you give up you personal ethics to do the job (in other words, conveniently no longer hold those ethics), or you stand by your personal ethics and must find other employment (stand by your ethics). Such professional ethical decisions won't normally be encountered in personal life because if you hold these ethical principals, the question of what you will choose doesn't occur. If your personal ethics don't transfer to your professional life, then you don't really have those ethics; ethics aren't a matter of convenience.Personal ethics held and applied in your personal life do regularly come up in your professional setting with regard to how you treat the people in the professional setting. Again, if you don't use those ethics in your professional life, then you don't really have those ethics.
Why ethics is important to act according to a code of ethics?
Ethics is important to act according to a code of principles as it helps keep the moral fabric together in the professional industry. Without ethics, there would be cases of abuse of office, negligence, taking undue advantage and much more.
When the Code of Ethics first was adopted did it include the duty to arbitrate?
yes
