HOW TO IMPLEMENT ETHICS IN BUSINESS?

HOW TO IMPLEMENT ETHICS IN BUSINESS?

 

A business should ensure fair dealing with everyone. It should be capable of protecting the interests of all stakeholders. The business is not a single man, but a group of people. Therefore, to implement ethics, there should be proper planning. Following steps can be taken to implement ethics in business.

 

Steps in Implementation of Ethics in Business

·      Code of conduct

·      Policies and procedures

·      Create ethical work environment

·      Proper orientation and training

·      Developing work ethics

·      Clear communication to all regarding ethical practices

·      Ethics should be fixed for everyone.

·      Deal ethical violations seriously

 

It is the duty of manager to develop ethical culture in the organization. It can be developed through code of conduct and policies. Employees should be informed the need and necessity of keeping work place ethics. Proper orientation and training should be given to all people in the organisation.

Business ethics should be based on broad guidelines of what should be done and what should be avoided. Each and every person should be well aware of his do’s and don’ts. Ethics should be fixed for everyone working in the organisation at any level and their implementation should be linked with reward- punishment system.

It is mandatory to have a clear awareness to all regarding their own duties and responsibilities. The business management should ensure that all persons in the organization follow ethics in their behavior both inside and outside the organization. If there is any violation it should be dealt seriously.


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