Countries tend to be concerned with ensuring order, maintaining control, and keeping the status quo intact. This is the opposite of what ethics do.
Ethics involve doing good for the entire community. Perhaps the ethic that most people in westsern cultures are familiar with is the ethic not to kill. This ethic is so intrinsic to both Judaism and Christianity that it has been absorbed into all western legal structures. It's good to examine why murder has always been outlawed.
It is because it destroys the spirit of trust and cooperation within the community, and without that spirit of trust and cooperation within the community, the community wouldn't survive. This does not mean that murder and killing has been outlawed in every community.
There are some communities where they have become essential to the survival of a particular type of fundamentalist community. For instance, the Koran states that anyone who does not believe in Allah should be killed.
In Hinduism, if a child marries outside their religion, the parents kill them. This ensures that everybody in those communities live in the same way and obey the same laws. It means there is little or no discord which is good for the long term survival of the community. The murders are not seen as crimes but as obedience to their god. Another example of an ethic might be not to cheat. The point of testing is to find out how skilled someone is at something.
This means that people who don't pass examinations don't have sufficient knowledge to do a particular job doctor, for example. So if they cheat, and then they become a doctor, they are endangering people's lives.
This is not good for the community. Ethics always have to do with the the actions that result in the greater good of the community. Unethical actions always result in eventual destruction. Morality is a little different. A diverse, equitable and inclusive board culture contributes to organizations' success by positioning directors and senior executives to add value In recent years, corporate directors have faced an increased risk of shareholder derivative litigation, often based on claims of mismanagement Got a news tip?
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These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. Here are a few key questions to consider to bring ethics into your business mindset: How do I define the common good for my business? What does it mean for my customers, my employees, the community where my business is located, my investors, and my supporters? How do I make good ethical decisions?
How do I analyze a situation and make a decision that positively contributes to the common good? How can I influence the character of my business? What kinds of structural conditions or company policies do I need to put in place to create an ethical culture? How will I monitor the ethical culture of my business? How will I address or correct unethical behavior in my business? How Ethics May be Tested Business leaders, and entrepreneurs especially, are under tremendous pressure and can face very significant ethical challenges.
Here are a few examples of how unethical decisions arise for entrepreneurs: If I exaggerate the number of customers or orders I have, I could attract more investors and get better funding. If I tell customers all the features on our product roadmap are available now, I could close more deals. I can save some money if I choose a production facility that does not abide by environmental laws. Ethics and Social Responsibility Social responsibility is the idea that an individual or organization has an obligation to act for the benefit of society at large.
In fact, in a bad economy, people prefer to put their trust in companies they consider ethical. Hence, ethical business practices are crucial for building a good future for your company.
Partnerships, joint ventures and mergers will be a breeze if people feel they can trust you. The only means to finding such trustworthy partners is for you to maintain a good professional and industrial reputation. When your employees make note of the fact that your organization upholds ethical conduct, they will automatically make all their decisions based on these very same ethics. That will make you a happy and trusting businessman and will also augment accountability and transparency in the decision making process.
Having a strong ethical background also works as a guide to employees when facing tough challenges. It will also prepare you to be able to empathize with your employees thereby boosting the validity of the code of conduct in your organization. When employees have to worry about ethical concerns at work, it causes a distraction in their minds and that, in turn, results in a loss of productivity.
This adds to your business costs.
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