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The role of ethics as a management tool in the Retail Business


Retailers expect their employees to be honest in dealing with the company and with their colleagues. Customers expect the company and its employees to be honest and ethical in their dealings with them. Employees expect the company, its owners and managers to be honest in our dealings with them.

These are reasonable expectations for all.

Outside what people expect of each other, are crucial to sound business ethics for it is sound and deserves ethics that many practices are established.

Poor ethics demonstrated by the business owner or senior managers can educate others about the company is willing to cut corners or compact gray areas between what is right and what is wrong. This can lead to employees themselves by this behavior and working against the company, but to do no worse than they have seen more older man made.

Every day, business decisions that show the position of ethics. Take recycling. If a company publicly said it is committed to a certain recycling but behind closed doors is ready to act differently, those who see this will know that the company takes dishonesty.

Every decision is an opportunity to act ethically or not, it is important that companies not only for how it portrays itself to the public, but more importantly for the way it portrays moral obligations to employees.

One way to meet the ethical challenge of company heads in the case of ethics to employees. Create a framework around which ethical questions can be raised and discussed. Bring a group – by email or face to face – where ethics can be discussed in the context of specific transactions. Consider installing various scenarios in the group and offer dialogue to test the moral status of the company and the individuals involved.

One of the first tasks of the group convened to discuss the ethics of the business could be the development of ethical standards. This need not be a long document. Something simple that commits the company and its employees of behavior should be enough to provide guidance on the day-to-day decisions.

best approach, if ethics is important to you and your business is to live life as if in a Fishbowl, hope that everything you say or do, and can be observed by others. This ensures a level of care about the potential ethical issues that may be missed otherwise.

Companies that take the time to discuss and organize around ethics are well served in most of the issues faced.


The Importance of Ethics for Company


What exactly is the importance of ethics for business? Well to doctors, dentists, therapists, lawyers and accountants, etc. They are fundamental to the daily work of their business and fail to apply them carefully and correctly can and often does lead to find the ways and even revocation of their licenses to practice. We have all heard of members who have been suspended due to malpractice. The doctor operates on the wrong patient ,, wrong treatment given, the failure to apply sufficient attention to the accuracy of the figures in the audit, overcharging customers for hours not actually worked.

All these things are about unethical conduct, so what things ethic achieve and how can you be sure to use them to avoid censure and possible suspension of business and / or license to practice? First make sure you are familiar with the code of conduct for particular business they are usually issued by the trade association for your profession. Next study the intention of the company’s written protocol. An example would be the Canadian Barristers Association Code of Conduct, which is particularly well written and contains detailed descriptions and examples of how they see Barristers put this into practice in their practices. They have also laid down an appeals procedure for the public to follow when they feel that their lawyer has not been treated fairly. This is fairly typical of better jobs and also mimic those companies who perceive the customers rights and expectations to be an integral part of their business and something they need to be successful, if they are to get repeat business.

Why? then you might ask, there are many companies and law practices that ignore these rules of their normal business? It’s a good question and one that I’m trying to answer, there are a few that I can think of

– .. The cost of educating staff and implementing the necessary controls

– The need for good management control to ensure all staff in accordance

– .. The fact that costs and prices no longer be inflated to achieve high cost business

– The perceived extra work that would have to ensure ethical methods are applied,

– .. Bullying company would have to explain all the rights and procedures that they have to all customers to ensure that they were responsible for their actions

– time customers could need to understand the consequences of poor corporate actions could lead to increased costs for companies with poor ethical and control.

The up side is better clarity to the public about what these experts are truly responsible for, the public could hold them accountable and responsible for their actions, and we would all be my article were “good” company. In short, the importance of business ethics is a responsibility and better public awareness let’s hope that more and more Internet marketers establish good ethical practices and make the public aware of them and the fact that ethical standards are being followed.


Five Guidelines for Ethical Business Communications


Do you understand what behaving ethically entails? According to Michael Josephson, there are four principles of ethical behavior: honesty, integrity, fairness and concern for others. You can think of these four basic principles feet imaginary chair. One missing leg will create a wobbly stool, but two missing legs makes the stool collapse. If you are not fair or caring, your pride to be honest and have integrity means nothing.

Ethical Behavior in Business

as of late, ethical business behavior has been the number one topic of concern. Reviewing last year’s event, it seems that the words “business” and “ethics” are conflicting terms. Whether you look at Wall Street, mortgage companies like Fannie Mae and Freddie Mac, or private companies like AIG, never mind all mortgage companies being investigated for questionable business, the news is depressing. It seems that in 1980 the mantra “greed is good” never truly went away.

The criminal dealings top entrepreneurs have been uncovered, which should motivate other individuals to behave more ethically. In truth, though, does it generally as an excuse for not changing poor behavior. What harm can there be in use PC computer company’s own business when your boss uses the telephone company for personal long distance calls? When employees see how company management conducts itself, they begin to feel no shame for whatever little indiscretions they may have committed.

Managers can unintentionally be signaling that unethical behavior is tolerated when they put pressure on smaller, fewer employees to produce more. When employees feel forced to meet business goals by any means possible, ethical behavior may go by the wayside.

They get the message, “It’s OK to be dishonest, as long as you meet your goals.” As the economy takes us on a roller coaster ride, we need to evaluate our own thought patterns to ensure that we do not allow ourselves to fall into unethical behavior just because it looks like we can easily get away with it. There is always room for improvement in corporate communications

These are five guidelines to assist you in communicating ethically (Source: “Business Communication, Process & Product,” Mary Ellen Guffy, 2000) :.

(1) Be truthful. Statements that are misleading or false should never do. It is also not ethical to tell partial truths or to exaggerate.

(2) Be sure to mark the views views. Do not try to convince anyone that something you only believe to be true is already proven. To work; research thoroughly and assure you that you are not just representing the opinion of another person as your own.

(3) Do not show bias. Understand that your own subjective beliefs may come through your writing. Even if you are passionate in your opinions, ethics call for you to be dispassionate in your presentation.

(4) communication should be easy to understand. You should put down your thoughts clearly, so they are simple to understand. Make sure that what you write is easily understood by the reader. Do not muddy the waters by using convoluted sentences and all kinds of hard-to-understand industry jargon.

(5) Credit sources. Do not copy any work. Most have basic knowledge that they must use quotation marks if they have a direct quote from another writer. But there are a number of people who do not understand that they need to properly credit the ideas of others as well. You are still cheating if you paraphrase sentences and throw in a handful of new words without crediting the author.


Not only must you communicate ethically to be successful in the long term, but it is also morally right. Be sure that you conduct yourself in the way you’d want others to emulate. If you conduct your affairs ethically and are successful, other people will follow your lead.


Business ethics: Top 7 Tips to show the daily work ethics


With today’s environment of 24/7 technology, less people doing more work, the demand for almost anything seem to be instantaneous decisions, demonstrating daily high work ethics is a challenge for every business owner to employee. The question is how you demonstrate your daily work ethics? These 7 steps should assist you to strengthen your own work ethics and provide greater self-satisfaction.

  1. evaluate the attitude
  2. This step is really several into one if you do not have a purpose in life, values ​​and vision statements. Define your beliefs as you carry out your purpose, vision and values. Are those beliefs consistent and in line with the statements?

  3. Look to your goals
  4. Do you have written goals you constantly trying to achieve? Without goals, why should we work less alone be concerned about the quality of our work?

  5. Ask for feedback
  6. Search feedback from supervisors, peers as well as bosses helps us to know if we are on schedule. Sometimes because filters our experience what we can not see what others see.

  7. Sharpen your skills
  8. Becoming the best at what you do is good. Search continuous improvement will demonstrate that you are truly committed to deliver a high work ethics.

  9. Determine your standards
  10. What are the work standards that define your work ethics? Do you go along with others and settle for mediocrity or are you comfortable striving for more because you know you can do it.

  11. Model your beliefs through your behaviors
  12. Are you daily behaviors demonstrating a high level of work ethics? If no one is looking, you act the same way or not change it’s okay since no one is looking and can report my behavior.

  13. Reflect every day
  14. Before you fall asleep or head off for work, take a few minutes to think about the actions today or what may turn in the next 8 hours. Ask yourself: Can I be better If so, how? If not, why?

If you really want to stand out in the crowd and show work ethics, then begin to realize that work ethics are yours to control. Worrying about others is usually out of your control. If you consistently demonstrates a high level of work ethics, you know you did the best you could do and will sleep well tonight and every future night. Let others worry about those who chose not to participate in the great work ethics. For it to be, it is truly up to me.


Accounting Ethics – The Importance of Ethical Practices in business and personal financial


What is moral accounting? The concept of accounting ethics focuses on the ethical and values-based settings for judgments and decisions auditor or audit firm establishment face daily in their work. Because of the nature of their communication of financial information to business managers, shareholders and the public, as well accounting and auditing business entities, accountants and accounting agencies are held to the highest standards of transparency and ethics in relation to their studies and the information they convey. Accounting can be used as a way to learn how and why companies can succeed or fail, but above all it is a public service, those who practice it to make decisions and choices that can sometimes occur interests of its clients in the interests of the public.

to apply ethical standards of accounting creates opportunities for the treatment of facts and information, if it is used for error could cause a person to invest under false pretenses, or company to represent fraudulent financial shareholders. It is extremely important that the public can trust accountants and accounting for their financial future, and their family or business, could be at stake.

Why is it important that statutory auditors and audit firms to be ethical?

Over the years there have been some major accounting scandals in the US, and the world at large, which caused investors and public shareholders to lose billions of dollars, and giant corporations and accounting firms to break, due to falsified or erroneous information given out of company money was invested. The Enron scandal is perhaps the most recent and glaring example of unethical accounting causes many negative effects, including loss of $ 25 billion in assets shareholders closure Arthur Anderson accounting firm, and the subsequent loss of 85000 jobs unethical practices were reported and the company dissolved.

Ethical accounting is not only important to private companies or individuals for reliable information about the financial states, but has a responsibility to the public to provide a transparent assessment of the publicly held units. Ethical accounting can help eliminate serious difficulties when incomplete or incorrect information about the company or individual is distributed, saving money and jobs and helping to increase the stability of financial markets.


Small Business Ethics


ethics in business has become big news in recent years. We read about the escapades of executives at Enron, WorldCom and other major companies and shake our heads in amazement thinking, “How could it happen.” We marvel at the unethical behavior of these leaders, but at the same time never consider their own conduct.

The truth is that business leaders, regardless of the size of the company, faced moral pressure every day. The scope or effect of moral decision may not measure up to the likes of Enron, but nevertheless, they are. How business leaders of other minor ethical issues precedes how bigger decision will be made as the company grows.

Many of the ethical issues we may face are not clearly black or white. In fact, the two men facing the same issue could be quite possible to make unfavorable decisions, but believe they have each made the best ethical decision. Why? Because of ethical decisions are based on the moral character of people. When it comes to ethical behavior, with each march to the sound of different drummers and as such will make different decisions in similar cases.

As a business owner you must set the bar on ethical behavior. Make integrity core value, be honest with your customers and employees, always follow the rules, never compromise your principles, and remember that the right thing is not always the opposite of the wrong thing. Do this and your customers will respect you and your employees will be secure, the necessary ingredients for a successful business

To your success -.


Ethics in the banking and business


Ethics has been a common topic in the news recently, and ethical issues have been at the forefront of companies and banks for several years. Sometimes it may seem like the community has grown tired of this ongoing ethical issues, but it is still likely that more issues involving ethics mean that there is still more to learn from the events involving ethical questions. While banks do not have a monopoly on these matters, there are often higher built-in behavior expectations bankers who make ethical lapses of slightly more visible and controversial.

Whenever individuals are responsible for managing a large amount of money (the bankers are clearly), there may be a temptation to take advantage of the situation. In many cases, applicable laws and regulations that prescribe what is legal, and ethical guidelines are often less formal and rigid. In fact, this lack of specificity, it often leads to ethical problems in the first place. If a bank employee finds himself asking questions like the following, we should not be surprised if it says is later called teaching moment

  1. Should I tell anyone about this [19459006?]
  2. Is this really wrong?
  3. Can I get into trouble by doing this?
  4. Is this illegal or just unethical?

final hypothetical question (Is it illegal or just unethical?) Includes concerns the distinction made by some when facing a gray area that is apparently legal but still questionable. It is true that in some cases moral turpitude can also be viewed as illegal, but many unethical acts may be technically legal. Within many companies and banks, it is not unusual for there to be a protocol covering many cases by law but outside the company and the behavior of banks. Character quality are likely to affect how people act in any number of situations that are not spelled out in terms of what to do and what not to do. A proper definition comes from a recent scandal suggests that the character is what you do when no one is watching. It can be both good and bad morals, and one way to determine which is the dominant standard is to monitor what people do when they do not think that someone is looking over their shoulder.

There have been several events banking in the past 25 years that are usually described in terms of legal and moral turpitude of many individuals and banks. Such mass ethical lapses are a special category that deserve further analysis and introspection than can be provided here. One of the best studies of ethics and other details of the savings and loan banking crisis was written by William Black has the following title:

  • The Best Way to rob a bank is to own One: How corporate executives and politicians looted the S & L Industry

The savings and loan element involved many examples of bank employees take advantage of a weak regulatory environment, and the factors behind the 2008 banking crisis had some striking similarities . There are many moments of teaching that can hopefully help improve future ethics environment for companies and banks.


Business Ethics – Why are they important in the Small Business



Rarely is an individual who does not encounter ethical or moral problem at some point in the life of his or her company. Whether that person is the owner of a multinational corporation, a small business entrepreneur, or new or established employee, everyone is likely to have to face such examples end. As personal moral dilemmas, individual faces make a decision based on how it will affect not only himself, but how it will affect the organization as a whole. One of the main problems when dealing with ethical problems in business is that people are often swayed by corporate profits and legality of the decision.

The Institute of Business Ethics, which slogan is “doing business ethically makes for Better Business”, describes the term business ethics as such.

Business ethics is the application of ethical business behavior. It is applicable to all aspects of business, from government strategies and how companies with their suppliers to sales techniques and methods. Ethics goes beyond the legal requirements for companies and therefore discretionary. Business ethics applicable to the conduct of individuals and the implementation of the Agency as a whole. That’s how business is their business, how it behaves in nature.

as clear as this definition, it is certainly open to interpretation. Therefore, it must be understood that the application of ethics to all situations is entirely subjective.

can also understand the ethics and morality of any kind, applying a sense of fairness in the circumstances. Even with a sense of clarity applied to the use of business ethics, reaching just and moral decision can be a complex process for most individuals. The subject of business ethics has been a source of much debate in recent years as heads of major (and minor) companies are seen as less than ethical characters both in the way they do business and conduct them. However, one can say that any individual who does not practice ethics not personally be ethical if the opposite may not also be true. Ethics in general has a long history of applications. Centuries moral man define who he was as a person. However, as populations grew, the need for incorporating best business practices in the company was somehow less important because there was always another client around the corner and the owner of the company was rarely the focus of the community how he or she may have been in the past. Administration of the company took place in the background and hired a representative to deal with the fallout. Ethics depend on several factors, one of the most important is their culture. Again, as a business person of the past, culture ethics practices will largely depend on the value placed on them. Business ethics have unappealing conflict often be contrary to what is legal. Often it is the “right” is not necessarily what is legal, and the company must consider this conflict as moral judgments. While there are many in the business community who believe that the company has no capacity for morality if there is effective competition, the number of corporate whistleblowers suggest that there is still room for ethics in business.

Western societies place a high value on success. However, in business, there are often conflicts between ethical behavior and business success. This discrepancy is often multiplied for the small business owner. To compete with larger companies, it may be tempting to leave ethics just to make an adequate profit. In addition, the small business person is relatively independent in his decisions or its preparation; he or she does not have to answer to a large base of employees or company Board. It is also interesting to note that the small business leader has often his or her decisions affect a greater number of persons than the employee small business. For example, a small business owner may have his or her decision affect his or her customer base as well as the employee of his or her. The employee will likely find that the decision of his or her will only directly affect his or her immediate circle of colleagues. However, the pressure to succeed is both internal and external pressure and often leads individuals to make moral decisions that are based more on the pressure and their own moral judgment. As consumers grow wary of those they do business with, you must understand that it is just such wariness. Cynical American consumers have learned, often the hard way, that there is little room for business ethics. In a society where the customer used to be the king, the consumer has more often than not experience some unpleasant experience with companies both large and small.

Some experts argue that any focus on profitability is bound to test the limits ethically. They claim to assume the primary role of business is to serve its customer base in an ethical way is idealistic and the nature of the free economy dictates that ethics must take a back seat to increase profits. Although it is rarely aware of the intention of the company to harm the public interest, reality dictates that the company the ability to increase profits will determine success. Public companies experience increasing pressure in this field. It is difficult to draw investors business based on ethics. Investors are looking to their profitability and ethical performance does not equal dollars. There are economists who think that in any economy, competition, ethics impossible to sustain; the company can legally pass ethics with the excuse that unethical practices are the only way to make money.

Unlike large corporations, small business leader is in a unique position to shape the moral of his or her business. Small businesses have less employee police station when applying ethical policies than larger companies. It is important to understand that, similar ethical issues of large companies, although individual certainly knows the difference between right and wrong moral decision road, the choice to throw ethics to the wind is often done because unethical choice is profitable. This can, however, happen much less frequently in smaller organizations because the person or persons who are harmed by unethical decision and someone is always harmed, visible small business. Big business and their decision-making machines are often far away from individuals immoral and / or unethical decisions affect them. This can make the wrong decision much easier to make.

special for a small business owner in the formation of the ethics policy provides a great responsibility. A proactive business leader formulates a statement the organization values ​​the company’s employees are expected to embrace – at least while jobs in the service business. An organizational change ethics policy is a notice to employees, customers and society as a whole, the company is willing to conduct himself and her practice on moral ground. Such statements offer the respect of all parties in transactions with such parties. However, it is important that the small business owner does not make the same mistake that larger organizations often do; ethical policy to business development can not be contrary to the organization goals. It is unethical in itself to develop an ethical policy that an employee can not possibly follow and maintain their jobs. When faced with the decision between a moral decision and his and her job, the employee will almost always choose the job.

The policy must be in reasonable line with organizational objectives. It is equally important, and perhaps more so, the small business leader lead by example. Employees, especially in my organization, are less likely to behave ethically if they get indirect license no. The end result of such a practice is a small business owner can be sure that he or she is doing business in a way that inspires confidence in customers and employees of his or her. And since consumers have become very wary of doing business with the person they think they can not be trusted, small businesses can enjoy profits loyal customers. The small business owner has an advantage over larger companies in that it can elicit consumer confidence by applying ethical practices that give customers the feel of a normal business relationship rather than one where the consumer purchases based on need alone. There are many who believe that such activity is able to draw business away from large corporate party again in a customer-focused company format.


The Importance of Ethics and Social Responsibility in companies today is


Ethics and Social Responsibility are often elements of a company that many small businesses and startups easily seen. When you’re starting a business, so a lot of emphasis on product viability, strategy, management and profits, these things may seem like back-burner issues to consider. However, with the growing technology today, consumers are rapidly becoming more demanding than ever, and fast on all companies questionable practices. Corporate and business watchdogs are more active than ever, and the blogosphere has certainly made full-time to blow the whistle on some of the world’s leading companies.

The fact is that the damage done by unethical or questionable social practices can be very devastating to businesses of any size, and more and more companies today are taking ethical and social customs of responsibility in order to keep competition and follow the demands of society. One clear example of this can be seen in the recent discovery that child labor was being used in one of Apple production offshore facilities. Several companies have been unfair trade practices, unfair wages, poor working conditions and exploitation of child labor or sweat shops levied poor wages and working conditions in third world countries for women.

In addition, the impact of enterprises and production on the environment is more important than ever, and watchdogs as well as consumers seek to induce companies that exploit natural resources or make use of materials that have a tremendous impact on the environment or air quality. Adopting a comprehensive business strategy that deals with these issues and to be committed to providing a good product or service that consumers can trust is essential to the long-term success of any large company. Many business owners mistakenly believe that ethics is just not breaking any laws. However, the reality is that ethics is so much more than that, and involves having a set of moral standards in operations and a staff that is in the interest of all.

While good ethical practices in business are one of the biggest keys to the company’s success, social responsibility is another factor that is often overlooked as well. Businesses have an obligation to their communities as well, and philanthropy by businesses of any size is the key to staying in the good graces not only consumers, but also the cities and states where the company operates. Some business owners believe that the only benefit of charitable contributions is the end of the tax deduction that can help minimize tax liability. However, these tax rebates eliminated as a way to encourage companies to do more for the communities they are in. One of the biggest advantages of a company committed to social responsibility and corporate philanthropy is not only a better image, but also improved the local economy which is presented by companies that support it.


Why Good Business Ethics Make Good Business


Why Ethics in business are important

Ethics in business is not only common sense, but business sense as well, no matter if you are running a large company or a small home business from the garage.

Some raise hell when they get bad service or overcharged for the product. But the vast majority of people are too busy or too tired to make a scene or write a letter of complaint. The majority of customers just to quiet mental note of useless business that you have, and vow to never go back there, and they usually do not. These days of online shopping and delivery to your doorstep service, it is very easy to find another dealer.

So honesty and respect in fact, paid in the business, especially in the long term. Many hot shot Whiz kids have made their fortunes by ignoring part of business ethics and integrity, and this was one of the main factors in the latest recession we are now enduring. Bad ethics and dishonesty, greed and rudeness do not help business at all, and the business will collapse when customers all go elsewhere, or when Whiz Kid crookery be found out and punished.

It does not take a rocket scientist to work out these simple rules. So why not highly educated professionals and seasoned businessmen and entrepreneurs make the mistake of forgetting ethics? Mainly because it has the courage of your convictions and good moral base of individuals. Dishonesty is giving you money in the short term, as the history of the branch you’re sitting on gives you the timber in a short time. So it will always be tempting to those with weak morals along with financial pressure. In many cases the raw courage to be honest, but out of trouble for a company going through, it’s reputation grows, and a company with a good reputation are a successful company. Of course, you still need a good business plan and a hungry market, as well as ethics, to succeed. . But morality is vital to keep yourself

Business ethics that are important are:

1. charge the Customer a reasonable price. Do not be greedy.

2. Treat customers with respect, as he is better than you.

3. Do not want to sell customers a defective item or advice or something that is harmful or dangerous.

4. Always tell customers the truth.

5. Treat employees as you treat yourself, or better. Be kind and generous assistance.

6. Pay your suppliers instead.

Ethics do courage and hard work. But they are worth. And they are good business sense too.