Employees MUST know BUSINESS ETHICS because they represent the company as a whole. If they don't act professionally, then the company will suffer.
In order to improve business ethics, those in charge must follow the same ethical guidelines as all every other employee. It is highly important to have a code of ethics and standard policies in place so that employees know what is expected of them.
In order to improve business ethics, those in charge must follow the same ethical guidelines as all every other employee. It is highly important to have a code of ethics and standard policies in place so that employees know what is expected of them.
Size of business can mean different things, and this question would have different anwers; Employees should know about the total profitability of a business because a marginally profitable, or unprofitable, business is more likely to shut down and lay them off. Employees should know about the diversity of customers of a business becuase if the business is largely dependant on one or a few customers, the loss of those accounts could put the business in danger. Future employees should know about the size of a business because larger businesses in general pay higher wages.
if you are asking why most computer science schools require business classes it is because most IT people work within a business and must know what they are expected to do within said business. Such as business ethics. Most IT departments carry a lot of weight within a company and have access to many things most employees do not, such as personal records. Thus it is best if the IT people have a good sense of business ethics.
Before starting a business one should know if this is something he/she is going to like and will continue with. They also need to have a lot of knowledge on the particular subject of their business as well as how big he/she is planning to make his/her business and how many employees he/she plans on hiring.
According to an article by Anthony Carter, some of the top five books for learning about business ethics are; Ethics and the Conduct of Business, Business Ethics: Decision-Making for personal Integrity & Social Responsibility, and Business Ethics: Ethical Decision Making & Cases.
So that you know what is socially acceptable and unacceptable in corporate America.
If you get discounts for more employees added and if you as employer need to make copays.
Employees want to know what is going on within their organization, therefore; managers should keep employees informed. Managers can hold meetings, so that employees have facts about the business.
Business ethics is how you handle moral, social, business activities. It brands you. When your name is thought of, so is your moral out-look on business.Your personal ethics determine how you communicate, do business. On a scale of one to ten, business ethics sits next to ten. "Why is it important?" You asked. It points to honesty, fairness. If, for example, customers were paying too much for a product or service, what would be the fair course of action? Notify them with the refunds, credit their accounts, or allow them to make the decision? Customers appreciate honesty, and will become a repeat buyer. Often, they will recommend others. You, your business, adhered to a moral standard. The act of returning money that didn't belong to you gained customer loyalty, and new customers. Customers will share the experience with friends, family, and associates. It adds up to free advertising. Word-of- mouth advertising spreads faster, gives more exposure than an ad placed. Weave the same quality, character trait, throughout your business activities. On an occasion, your supplier gave you a discount. A second call was made by you to the supplier. The partner didn't know you received a discount. He was going to give you a second discount on the same order. What should you do? Eventually, the mistake will be found. In short, if you're aware of a mistake, yours or someone else's, speak-up. Don't wait for it to be pointed out. Sometimes, the person exposing a blunder misunderstands your side, point of view. The organization's business ethics is explained, on day one, to new employees. In meetings, bring up the topic, and where to report questionable practices. It has been my experience, when an employee encounters a situation, it's too late. If no one mentioned how or where to take a problem since day one, the employee will handle it his/her way. It's one of the responsibilities of leaders, managers. Keep employees informed. It's easy to go along, for some, with bad business ethics. It takes strong, determined, people to pick the right rode. You, the small business owner, must adhere to business ethics. Employees take actions according to your behavior, or follow your lead. "If it's good enough for the boss, it's good enough for me." A customer, with a major account with you, wants your help to get a contract. He can't get it on his own. Why? He was involved in dealings under the table. He disregards business ethics. He offered money for your help. Why you? Situations will arise that test your business ethics. What would you do? Once you give into it, the person has something on you. What's to say he won't use it to force you into a worse situation. It's important to adhere to business ethics to keep reputable customers, suppliers, and anyone involved in your business life. Also, business ethics keeps you on the right side of the law. You are branded by your moral, social, code in business. Happy customers share their experiences with associates, friends, and family. The act of talking about you, your business, is free advertising, and it ignites faster than an ad. The organization's business ethics must be discussed in meetings. It's too late to apply business ethics after a problem is in motion. Grow your business as you adhere to business ethics.
Kenneth King Humphreys has written: 'What every engineer should know about ethics' -- subject(s): Engineering ethics
Ethics training is important if you want to have a work enviroment that isn't hostile. You want to keep your employees happy and working politely with each other, and your management needs to know where the line is as well. That is why it's important.