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BBA 1st Year Business Ethics Relationship Between Ethics & Corporate Excellence Short Question Answer

Writing an ethxal code, in and of itself, does not typically impact a company. Owners, directors and managers must apçly the code to their strategies, goals and business practices to experience an impact. For exainpe, avoiding foreign suppliers who use child labour in production is putting ethical codes into action.

Companies must find ways to get employees to think ethically. Paul Liebman, compliance director at Tenb-4 uses ethical situations in movies to get employees to think about how they would handle a g’ei situation. This promotes the application of ethical principles in the work environment as enEoyees compare fictional situations to life.

While leaders have the responsibility to lead by example when promoting the code of ethics, a review process can help evaluate the company-wide application of the ethics. For example, interviewing operational managers and conducting ethical audits reveal whether employees are following the code of ethics or not.

Q.16. How do you write code of ethics of your business?

Ans. A company’s code of ethics formalizes practices business is already engaged in. It provides your employees with ethical guidelines to adhere to. It also gives your customers and clients a clear idea of what you expect, ethically speaking, from your employees. If your industry already has a code of ethics, your business code of ethics is a place to show where you go above and beyond. Such formally written codes are indispensable for business in the 21st century.

Writing code of ethics includes the following steps:

(1) Review Good Examples: Look around at other business ethics codes in your industry. See which are well written. These already existing business ethics codes will provide a guidelines for your business in terms of style and content.

(2) Consult Your Employees : Your employees should be as involved as is realistic in the drafting of a company’s code of ethics. Hold a meeting and send out questionnaires soliciting employees’ feedback on what should go into your code.

(3) Define The Scope : The code of ethics should have a clear definition of who it covers and who it does not. Perhaps all employees are governed by your code of ethics, perhaps not. However, your code of ethics should clearly answer this question.

(4) Address General Employee Expectations : A code of ethics should talk about how employees are expected to conduct themselves ethically on a typical workday or on typical projects.

(5) Discuss Conflicts of Interest in all their Forms: Conflicts of interest are not limited to obvious examples such as angling for a spouse’s company on the job. You should also address things like gifts from suppliers and customers, as well as what kind of relationships are permitted (both inside the company and without) and which are not.

(6) Clearly Outline Reporting Expectations : A code of ethics does not begin and end with an individual employee’s behaviour. It also extends to their duty to report unethical behavior on the part of colleagues and supervisors. Make sure that these expectations are clearly delineated.

(7) Have Specific Disciplinary Guidelines : Your code of ethics should not just outline the ethics themselves. You should also discuss procedures in place for employees who violate the code of ethics. Specifically state what the range of penalties are for every infraction.

Q.17. How do you create a code of personal and professional ethics?

Ans. Creating an Ethical Code Helps You Make Ethical Decisions that are Consistent:
Managing your personal and professional ethics can be difficult without a solid code to help you make your daily decisions. The process of writing your own code involves understanding why you need the code and who will use it. A code of ethics can be personal, mandated to subordinates as a way to organize your business or taught to your children as a way to grow and live their lives. Ethics are also an evaluative process, requiring you to constantly consider and reconsider new ethical codes or questionable ethical issues. So be prepared to think about your ethical code.

(1) Decide who will be following your code of ethics, such as you, your children or your employees. Design your code with its recipients in mind. For instance, if your code is just for yourself, you should focus on areas about yourself that you wish to improve. If your code is for your employees, focus on how your code will influence their work and direct them to being the employees that you wish for them to become.

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