As individuals, we all have different moral and ethical frameworks, which serves as rules and standards of how we act in our life’s. When confronted with dilemmas or choices, our ethics help us distinguish between right and wrong. Though our individual moral and ethics are formed during our upbringing, affected by our family, friends, religion and community, they change as we become older. In our professional work life, ethics and moral play a key role as well. In fact, when it comes to CSR, ethics and moral are quite important aspects of any business.
Business ethics is the professional equivalent to personal ethics, which applies to all aspects of the company. Generally, they serve as a guideline for the business’ conducts when working with ethical or moral principles and challenges. These are important, not only for the organization but also for the individual employee. It offers a shared framework in which the organization and the employees should act accordingly to.
Though individual moral and business ethics often appear to be the same, there are some distinctions between the two concepts. As aforementioned, individual ethics are formed by various, personal factors in our upbringing. It is given that we are not all exposed to the same experiences in our life’s. Thus, what we may perceive as being wrong or right, may not be the same as what other individuals believe. Thus, for any organization consisting of different individuals, there need to be some shared values.
While business ethics consists partly of individual ethics, professional business ethics distinguishes from individual ethics by also originating from organizational and legal standards. For any company, the legal standard of the business is the starting point of the company’s moral standards. A responsible business acts according to law. This is where business ethics distinguishes from individual ethics and become professional by combining legal, organizational and individual aspects of ethical and moral standards.
Examples of ethical standards in a business could be practices such as honesty, trustworthiness and social responsibility. Think of the company as a person. An ethical person would be honest, trustworthy and socially responsible. Why should that be any different from a company? Consumers and stakeholders expect companies to act ethically correct thus, it makes sense to apply business ethics in the company.
The general practice of CSR is about maintaining a sustainable business while generating a profit by acting responsibly, morally and ethically. Business ethics helps the company fulfilling this responsibly and are intertwined with the company’s CSR.
Thus, business ethics are the moral principles and ethical standards of the organization, which the individuals and the company should conduct businesses accordingly to. You can say that it is the way the business behaves as a unity. As individuals, we all have our personal standards however, it is important for a business to establish shared ethical and moral standards in the organization. Not only for the company and employees, but also for customers and stakeholders, since it communicates your company’s ethical standards.
Great content! Super high-quality! Keep it up! 🙂
If you have loose personal morals, then you will have loose business morals. Morals are the backbone of a strong economy!
Nice information. Thanks for sharing your thoughts on the world 🙂
Dead indited content material, appreciate it for entropy. Joe Claudius
Really clean internet site, thank you for this post. Norrie Algernon Krongold
I really like looking through a post that can make men and women think. Also, thank you for allowing for me to comment. Linet Karlik Schweiker
Im thankful for the article post. Really looking forward to read more. Great. Atlante Bink Margeaux
For newest information you have to pay a quick visit web and on the web I found this web page as a best website for hottest updates. Emelita Elvis Earla
Your favorite justificationreason appeared to beseemed to be on the internetnetweb the simplesteasiest thing to be aware of. Shel Antonio Patnode
Appreciate you sharing, great blog post. Much thanks again. Awesome. Jessi Brant Iveson
Nice respond in return of this query with firm arguments and describing everything regarding that. Katrinka Rudiger Wildermuth
These are in fact wonderful ideas in about blogging. Winnie Arvie Johansen
Because the admin of this web page is working, no hesitation very quickly it will be famous, due to its quality contents. Jorrie Norton Rupert
The issue is that it will in general dry out, recoil and the delicateness may shield it from holding subtleties well. Teodora Farr Martineau
I am so grateful for your blog post. Much thanks again. Awesome. Janenna Garrik Garfinkel
I am regular visitor, how are you everybody? This piece of writing posted at this web site is genuinely nice. Lainey Guy Pierce
Very informative blog post. Much thanks again. Great. Vita Mano Wavell
You actually make it seem so easy with your presentation but I find this topicto be actually something which I think I would never understand. Enrica Dannie Klemens
There is definately a lot to learn about this subject. I like all of the points you made. Olivie Fair Joerg
Mereka membuat website dari laman situs taruhan dunia. Jenda Christos Bushweller