On March 29, 2016, the Federal Trade Commission (FTC) filed a case against the giant automaker, Volkswagen, for its alleged false advertising. According to a BusinessInsider article, the automaker company claimed that its cars are environment-friendly because they have low emissions. With this claim, the firm has sold more than 550,000 diesel cars. To lessen, if not totally avoid, the unethical business behaviors, the law, may interfere with the business operations of a state or country. This strategic action plan ensures that businesses operate within the moral code.
What is Business Ethics
Business ethics is a form of applied ethics that studies the ethical standards in the business environment. The law uses this concept as a guideline to deal and fix the business ethical issues that may arise in a state or country. Aside from adhering to the law, businesses also use business ethics to gain the trust of the public.
Ethical Principles for Businesses
Whether you are part of a small or big company, you have ethical responsibilities to follow, whatever your status in the organizational chart. You have to be honest, responsible for your actions, fair to everyone, caring, and respectful. You should also do your part as a citizen of a country or state. These ethical principles can eradicate people’s differences in terms of religion and society.
13+ Business Ethics Samples in PDF | DOC
Knowing what business ethics is not enough. Go over the following examples for you to get an idea of how you can apply business ethics in projects and businesses.
1. Business Ethics Sample
2. Standards of Business Ethics Template
3. International Business Ethics Sample
4. Business Ethics Template
5. Critical Business Ethics Sample
6. Principles of Business Ethics Template
7. Code of Business Ethics Sample
8. Business Ethics in PDF
9. Historical Developments of Business Ethics
10. Impact of Business Ethics in PDF
11. Business Ethics Example
12. Business Ethics in DOC
Business Ethics Best Practices
The following are the best business ethical practices that you can apply in your company to ensure that you maintain your company’s reputation and make your business prosper.
1. Implement Ethical Rules in the Workplace
By implementing company policies that adhere to the right conduct, you will ensure a healthy workplace. This action will also promote a friendly environment. To materialize this state, the company must observe proper corporate governance. Meaning, the business management team should establish rules that will compel all the individuals of an organization to adhere to their environmental, professional, and social responsibilities.
2. Promote Professionalism
One of the significant characteristics that allow large businesses to maintain a good image is practicing professionalism. It enables them to gain the trust of the customers. It also promotes good word-of-mouth, which is an excellent advertisement method. For your company to achieve the same benefits, implement this good practice in the workplace. Start by including it in your firm’s training agenda.
3. Respect and Value the People
Your clients and customers are the ones who will ensure that your company will thrive. Thus, needless to say, you have to let your employees show respect and value to these people. Just like practicing professionalism, giving your clients and customers the respect and value that they deserve will allow your company to gain respect and a position in the market. Sending a customer thank you letter and providing excellent customer service are a few ways to do it.
4. Be Responsible
Over the years, we have witnessed promising companies destroying their reputations because of tax evasion scandals, suspicious transactions, and other unethical behaviors. You don’t have to be fully transparent to the public with every deal that you earn since there is information that needs to stay confidential for the competitive edge of your company, etc. However, it is crucial to do only legal dealings to gain the trust of the public, which are your potential customers. Do your responsibilities for payroll taxes and adhere to the laws of business operations.
5. Give Back to the Community
No law can compel a business to provide a donation to community development organizations, but supporting the people in need will give long-term benefits to your company. Aside from earning profit from people, another role of successful business people as part of the community is to help to improvise it.
Maintaining business ethics in your company does not only avoid you from messing with the law bu also gaining the trust of the community, which is a great branding strategy. Apply the lessons that you have learned from this article to your business and see the promising results it can give.
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