ETHICAL BEHAVIOUR 2.

Care and respect

Advantages of Ethical Behavior － mutual respect must be maintained between
business
1. Cultivates strong teamwork and productivity.
owners, employees and customers.
2. Supports employee growth and meaning.
－ businesses need to ensure safe working space
3. Helps to ensure that policies are legal.
for employees
4. Helps to avoid criminal acts of "omission.”
to encourage respectful relationship between all
5. Promotes a strong public image. stakeholder.
6. Improves trust in relationships. 3. Honesty
7. Legitimizes managerial actions. － transparent communication between business
owners and
employees is much desired.
A Leadership Approach to Achieving Excellence
1. Committed to Change － it helps build trust and establish a relationship
between
2. Responsive to Customers
employees and the business and it is applicable
3. Learning Focused to business
4. Externally Adaptive relationships with its customers.
5. Internally Integrated －
6. Ethically Virtuous 4. Healthy competition
7. Dynamically Capable － businesses should encourage healthy
8. Consistently Focused competition in their
workforce and reduce conflicts of interest to a
minimum
Principles of Business Ethics
among employees.
1. Accountability
5. Loyalty and respect for commitments
－ taking full responsibility for their actions or
practices. － all disagreements between businesses and
their employees
－ includes any bad decisions taken or unethical
should be resolved internally away from eyes of
business
the public.
practices followed during the course of business
operations. － employees are to stay faithful to upholding
the business
vision and promoting business brands and stay
faithful to
agreements with employees.
－ businesses unreasonably interpreting
agreements or not
respecting commitments is considered unethical
in business
practice.
6. Information transparency
－ important information disseminated among
customers,
employees or partners is to be provided
comprehensively.
－ includes both positive and negative
information, terms and
conditions, or any other crucial information, as it
is against
business ethics to withhold or hide relevant facts.
－
7. Respect for the rule of law
－ corporate laws, rules, and regulations guiding
business
practices are to be respected and abides by, as
any flouting
of such law is considered unethical.