Business Ethics Policy
With the business environment being so diverse and competitive, the promotion of ethical conduct in the business dealings is critical (Hartman DesJardins, & MacDonald, 2014). The ethical practices are meant to enforce values and beliefs that set strict rules for the purpose of adherence by all employees in their daily activities. As one of the endeavors to attain responsible overall business success, challenges might be faced to facilitate the balance these practices against the others. It is critical to be watchful of one's promises to the company’s stakeholders. The outcome would be the achievement of mutual business success (Hartman DesJardins, & MacDonald, 2014). The principles of the policy set may be subjected to implementation, analysis, and modification from time to time following formal procedures and guidelines.
In the bid to address the issue of insider trading, the employees are prohibited from disclosig any vital and confidential information about the company to the public. Disclosure of such material information to third parties is highly forbidden and is not only unethical but is also unlawful and may subject the employees to civil punishment.
The company can establish laws and foreign corruption policies to guide specific limits on interactions with other officials in other nations where corruption issues from the international standpoint may arise. The implication being that the employees ought to avoid corruption of any kind.
The company may show its commitments to that environment where honesty and open communication are familiar places as the conventional norms. Employees ought to feel at ease when approaching their superiors in cases where they believe there is the violation of ethical policies and as a result, whistleblowing instances may be limited.
All staffs are required to carefully and efficiently use company’s properties and time for the object of achieving the common corporate objective and not personal gain. No employee may use business resources to their advantage or engage in the supply of activities that are separate to the company’s purpose without receiving consent from his superior. As a result, embezzlement instances would be kept at bay.
How to Promote Ethical Behavior in the Workplace
Today’s working environment is characterized by being quite dynamic. Living the spirit of enforcing commitment and loyalty to our colleagues, customers, and suppliers may not be an immediate apparent occurrence (Hartman DesJardins, & MacDonald, 2014). There is the need to recognize and uphold high ethical principles in our daily operations to the success of the business. One important way is by training the employees. Regularly teaching the employees on ethical conducts and how to identify and resolve ethical dilemmas in the workplace. Lastly, it would also be essential to provide rewards when an employee exhibits positive moral behavior. As a result, it would steer and motivate fellow employees to follow the same (Hartman DesJardins, & MacDonald, 2014).
References
Hartman, L. P., DesJardins, J. R., & MacDonald, C. (2014). Business ethics: Decision making for personal integrity and social responsibility. McGraw-Hill.
