cod

Business Ethics and Social

Responsibility
COURSE MATERIAL 4

1
 Business Ethics and
Social Responsibility

 Understanding the importance of common practices

in business organization.

 Identifying different common practices in business

organization that can actually help the individual in
their daily lives.

 Applying the common practices.

Focus Questions:

1. What are the common

practices in business
organization?
2. What is “Code of Ethics” and
“Codes of Right Conduct”?
 WHATS’ INSIDE
THIS MODULE?

Welcome to Business Ethics and Social Responsibility!

What is Practice?
This subject is designed to let you understand the basic concept, Page 3

core competencies, techniques, strategies and purpose of a What is Organizational

business ethics and social responsibility. We’re going to discuss Practice
Page 4
these topics in a way that you can fully understand and apply all
the learning. There will also be a chance for you to share your 8 Common Practices
Page 4
own ideas and learn from others as well. It will help to improve
your critical thinking as well as your creative thinking. Code of Ethics
Page 6
This course material is separated into different topics and is
designed for a weekly basis. This would give you additional Code of Right Conduct
Page 6
materials based on the power point slides, as well as the link to
the MS forms you are going to answer for assessments. 10 Code of Ethics
Page 7
Every topic has a pre-test and assessment/checkpoints by the
end of each lesson. This helps both of us to assess your Types of Code of Right
background and mastery, and while pre-test is not graded, your
Conduct
Page 8
assessments are. So, always review your lessons prior to
answering your assessments. Examples of Codes of Right
Conducts
Remember that this Course Material is created to assist you in Page 8-9
learning your subject. We are going to make sure that this
Assessment
subject will be fun, engaging and interesting. If there are topics Page 10
that may still not understand at the end of each material, feel
Summary
free to ask me during our synchronous sessions. Page 11

References
Page 13

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 On our previous lesson, we actually learned and understand everything about different business
organization. We also identify the core principles and its importance. Now, in this learning material,
we will focus more on practices that we have to understand and remember when we are committed to
an organization.

We value the practices that we learned from home. We sometimes used those practices when we are
on an event, party or organization. Other than our own practices, organizations also have their own.
We called is as the organizational practices or common practices.

WHAT IS PRACTICE?

 It’s an actual application or use of an idea, belief or method, as opposed to theories

relating to.
 It’s a way of how to perform or exercise the skills repeatedly or regularly in order to
improve or maintain one’s proficiency.
 We can also define it as making a habit of something.

HOW CAN WE SAY THAT IT’S A BEST PRACTICE?

 A best practice or technique that has been generally accepted as superior to any of the
alternatives because it produces results that are superior to those achieved by other means or
because it has become standard way of doing things.
 A procedure that has been shown by research and experience to produce optimal result
and that is established of proposed as a standard suitable for widespread adoption.

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 What is Organizational Practice?

Organizational practices are behaviors and actions of employees. We also define it as

something that is done a lot and is considered normal. Common practices are also use to
define the success of the organization. In order to establish a strong foundation for the
company and grow the market share. We also have to be careful and to fully research and
understand the common practices in our industry.

8 COMMON PRACTICES

1. Decorum – a correct or proper behavior that shows respect and good manners.

 On time and promptness

 On preparation
 On attire and appearance
 On basic courtesy and respect
 On greetings, handshake and body language
 On formal and informal dress
 On speaking in meetings and listening

2. Protocol – unwritten rules or guidelines that are peculiar to every culture or organization, and are
supposed to be observed by all parties in the conduct of business, entertaining, negotiating, politics, etc.
 Filipino Family – Modeled Business
 Business is personal
 Status-Consciousness
 Politeness and ambiguity

3. Policies – scope or spheres within which decisions

can be taken by the subordinates in an organization.
 Specific
 Clear
 Reliable/Uniform
 Appropriate
 Simple
 Inclusive/Comprehensive
 Flexible
 Stable

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 4. Advertising – how company encourages people to buy their products, services and ideas.
 Newspaper
 Magazine
 Radio
 Social media
5. Marketing – process of product development as well as sales, promotion and distribution.
6. Bookkeeping – process of recording all financial transactions to keep track of cash flow.
7. Reportorial requirements
 Public reporting and reporting and financial data by a business enterprise.
 Annual Report/financial statement
8. Documentation – process and items which serve as evidence for the validity or truth of a certain
claim or statement.

Please give more examples under the 8 common competencies.

These common practices help and guide us to make sure that we are actually following what is
the rules and regulations of the organization. It also reflects the professionalism of each
individual.

Now that we fully identified and understand these common practices, let’s now discuss what is
“Codes of Ethics” and “Codes of Right Conduct”.

https://
www.youtube.com/watch?
v=HQcHR8-6IEA

https://
www.youtube.com/watch?
v=C4si6n36n30

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 CODE OF ETHICS AND RIGHT CONDUCT

A code of ethics and professional conduct outlines the ethical principles that govern decisions
and behavior at a company or organization. They give general outlines of how employees should
behave, as well as specific guidance for handling issues like harassment, safety and conflicts of
interest.

A code of ethics in business is a set of guiding principles intended to ensure a business and its
employees act with honesty and integrity.

A code of ethics is broad, giving employees or members a general idea of what types of behavior
and decisions are acceptable and encouraged at a business or organization.

A code of conduct is more focused. It defines how employees or members should act in specific
situations.

Why is Codes of Ethics and Conduct important?

Codes of Ethics is important because it lays out the rules for

behavior and provides the ground work for preemptive
warning.
 It provides common set of rules and standards for all
in the professional and adhere to
 It defines best practices for the profession
 It provides a basis to meet compliance requirements
for the profession.
 It provides a legal standard for the profession

A well-written code of conduct clarifies an organization’s

mission, values and principles, linking them with standards of
professional conduct.

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 10 Codes of Ethics in Business

1. Transparency
 Involves accurately representing facts, telling at truth in its entirety and communicating
clearly and openly about everything a company does and says.
2. Integrity
 Sticking with a decision, especially when pressured to do otherwise, shows honor and
courage.
3. Trustworthiness
 Companies that keep promises and fulfill commitments to their employees, business partners
and customers display their commitment to business ethics.
4. Loyalty
 Loyalty encompasses all relationships a business has including those with staff, partners,
investors and consumers. It allows a business to make decisions benefiting these relationships and
overcome influences from outside conflicting interest.
5. Equality
 Companies should strive to act fairly and commit to exercising their power justly. Leaders
should only use honorable methods to gain in advantages over the competition. Fairness relates to
equality, which means having an open mind and treating everyone fairly.
6. Compassion
 Ethical companies demonstrate genuine kindness, understanding and care for livelihood of
others. When a business decision needs to be made, careful consideration of the options and how
each one may affect a person or community helps reduce the potential negative impacts, depending
on the industry.
7. Respect
 Companies that treat all humans with respect regardless of f religion, sex, race nationality or
other signifier are often reviewed positively in the public eye.
8. Lawfulness
 Companies that work within the boundaries of the legal system are more credible and
honorable, which can establish a strong positive reputation as an employer that encourages high-
quality candidates to apply for roles.
9. Responsibility
 Companies have a responsibility to lead with the values and mission of the organization to
make logical decisions that benefit everyone
10. Accountability
 Ethical businesses accept responsibility for all decisions
made as a company and admit their mistakes to all
of those who mayTypes of Codes
be affected of Right
by a misstep Conduct
including
shareholders, employees and the public. In addition
to taking accountability, they also accept any
consequences that result and do so transparently.

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 Video 1:
https://www.youtube.com/watch?
v=Bo5TXYaIeUM

Video 2:
https://www.youtube.com/watch?v=jhZ7zlN-
Zcshttps://www.youtube.com/watch?
v=jhZ7zlN-Zcs

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 Checkpoint

Answer the following questions.

1. If you were given a chance to add another principle, what it would be and
why do you choose that?

Assessment

Write a scenario of the following situation within the business organization.

1. Shows a person that follows the common practices.

2. Shows a person who doesn’t follow the Codes of Ethics
3. Cite an example from one of the Code of Right Conducts.

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 LESSON SUMMARY

WHAT IS PRACTICE?

 It’s an actual application or use of an idea, belief or method, as opposed to theories

relating to.
 It’s a way of how to perform or exercise the skills repeatedly or regularly in order to
improve or maintain one’s proficiency.
 We can also define it as making a habit of something.

HOW CAN WE SAY THAT IT’S A BEST PRACTICE?

 A best practice or technique that has been generally accepted as superior to any of the
alternatives because it produces results that are superior to those achieved by other means or
because it has become standard way of doing things.

What is Organizational Practice?

Organizational practices are behaviors and actions of employees. We also define it as

something that is done a lot and is considered normal. Common practices are also use to
define the success of the organization. In order to establish a strong foundation for the
company and grow the market share. We also have to be careful and to fully research and
understand the common practices in our industry.

Why is Codes of Ethics and Conduct important?

Codes of Ethics is important because it lays out the rules for behavior and provides the
ground work for preemptive warning.
 It provides common set of rules and standards for all in the professional and adhere to
 It defines best practices for the profession
 It provides a basis to meet compliance requirements for the profession.
 It provides a legal standard for the profession

A well-written code of conduct clarifies an organization’s mission, values and principles,

linking them with standards of professional conduct.

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 8 Common Practices 10 Codes of Ethics 12 Codes of Right Conduct

1. Decorum 1. Transparency 1. Company's Values

2. Protocol 2. Integrity 2. Employees Behavior
3. Policies 3. Trustworthiness 3. Dress code
4. Advertising 4. Loyalty 4. Tardiness/absenteeism
5. Marketing 5. Equality 5. Leave policy
6. Bookkeeping 6. Compassion 6. Employee break policy
7. Reportorial requirements 7. Respect 7. Conflict of interest
8. Documentation 8. Lawfulness 8. Communication
9. Responsibility 9. Harassment
10. Accountability 10. Bullying
11. Illegal activity
12. Confidentiality

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 REFERENCES

Amhed, Anam
https://bizfluent.com/info-7751607-common-business-practices.html

Betterteam
https://www.betterteam.com/code-of-ethics

Google
https://www.google.com/search?
q=what+is+practices&oq=what+is+practices+&aqs=chrome..69i57j0i20i263i512j0i512l
8.3474j1j7&sourceid=chrome&ie=UTF-8

Investopedia
https://www.investopedia.com/terms/c/code-of-ethics.asp#:~:text=A%20code%20of
%20ethics%20in%20business%20is%20a%20set%20of,promote%20a%20benefit%20to
%20society.

Macmillian Dictionary
https://www.macmillandictionary.com/us/dictionary/american/common-
practice#:~:text=DEFINITIONS1,Habits%20and%20habitual%20behaviour

Merriam Webster
https://www.merriam-webster.com/dictionary/best%20practice

Ner, Archie
https://studylib.net/doc/25516762/common-practices-in-business

Switzer, Tirrah
https://www.yourmembership.com/blog/code-ethics-important/

Your Dictionary
https://www.yourdictionary.com/practice

Wikipedia
https://en.wikipedia.org/wiki/Best_practice#:~:text=A%20best%20practice%20is
%20a,with%20legal%20or%20ethical%20requirements.