Phase 1 Ip
Phase 1 IP
MGMT115-1303A-01
Richard Libeau
July 14, 2013
Ethical principles contribute to good business operations. Discuss
Businesses that practice good ethics tend to succeed in the business world. Not only is it the right thing to do it is also proven to pay off in financial gains. To have good ethics a business must be legal for starters. Businesses must conduct themselves with integrity, be honest, and fair. Businesses should manage relationships in an organizational and ethical manner as well. This allows employees to address problems with other employees and management without fear of retaliation. Management must effectively convey with employees and not put pressure on them to act unethically. They should also have a zero tolerance for any kind of sexual harassment or discrimination in the workplace. There are factors that may seem touchy in practicing good business ethics such as giving gifts. This can be perceived as bribes to some but innocent to others. To avoid any problems companies should have a policy set in place stating what is acceptable and the value of the acceptable gift in detail.
There are principles the make a business have respectable business ethics. Some of these principles include the following: being trustful, keep open mind, meet obligations, have clear documents, stay involved in the community, maintain account control, and be respectful. Businesses should understand that consumers want to do business with a company that they trust. This built strength and a growing client base. For continued growth the leaders of the cooperation should keep an open mind foe new and improved ideas that help them growth.
Honor all your commitments as a business try everything in your power to keep your customers happy. Make sure all that you advertise or promise is correct not falsely or incorrectly misrepresented this leads to distrust so stay on top of what is actually represented by your company. Participating in community
MGMT115-1303A-01
Richard Libeau
July 14, 2013
Ethical principles contribute to good business operations. Discuss
Businesses that practice good ethics tend to succeed in the business world. Not only is it the right thing to do it is also proven to pay off in financial gains. To have good ethics a business must be legal for starters. Businesses must conduct themselves with integrity, be honest, and fair. Businesses should manage relationships in an organizational and ethical manner as well. This allows employees to address problems with other employees and management without fear of retaliation. Management must effectively convey with employees and not put pressure on them to act unethically. They should also have a zero tolerance for any kind of sexual harassment or discrimination in the workplace. There are factors that may seem touchy in practicing good business ethics such as giving gifts. This can be perceived as bribes to some but innocent to others. To avoid any problems companies should have a policy set in place stating what is acceptable and the value of the acceptable gift in detail.
There are principles the make a business have respectable business ethics. Some of these principles include the following: being trustful, keep open mind, meet obligations, have clear documents, stay involved in the community, maintain account control, and be respectful. Businesses should understand that consumers want to do business with a company that they trust. This built strength and a growing client base. For continued growth the leaders of the cooperation should keep an open mind foe new and improved ideas that help them growth.
Honor all your commitments as a business try everything in your power to keep your customers happy. Make sure all that you advertise or promise is correct not falsely or incorrectly misrepresented this leads to distrust so stay on top of what is actually represented by your company. Participating in community
References: | Introduction To Business (2013),. Words of Wisdom LLC. Business Ethics for Small Business (2013),. About.com |