Business Ethics: Responsibilities Of Entrepreneurs

Business Ethics: Responsibilities of Entrepreneurs

Through the module we have been identifying as business ethics the concept that defines a conglomerate of the corporate line which is formed by the norms, principles and values ​​that are linked to the organizational training of the company. This conglomerate of "standards" serves as a guide of the different actions carried out by a business. Its proper exploitation provides several advantages, such as having the opportunity to create an improvement in the relationship and shape an incalculable value asset that will represent the company both now and in the future. 

This kind of ethics also applies to the private life of the company’s managers. When talking about business ethics and defining it there are other factors that also enter the dynamics, such as personal and financial ethics. In this case we only talk about business ethics, which dominates the guidelines and policies, strategies and corporate that the private company applies depending on society, specifically in the procedures and management standards. We have been seeing through the module of matter how business ethics takes its direction and meaning through corporate social responsibility, this being the expected result of business ethics which is put into practice. We could say, within this writing, that business ethics is the basics of the RSC. The expected result is applied in the company. With what we understand how this type of ethics includes moral norms and principles, while the CSR brings together the guidelines that will be followed to comply with the ethics that have been stipulated.

There are many reasons to apply a code of ethics in corporations, although it is used properly and applied can help us to do a job from which we can apply and reach results that encourage the image of the company in the scope of ethics in such a way that it feels proud both and the rest of the people involved with the same. 

Practical studies to meet the imperative conditions of business ethics are varied and have as a common purpose to show and achieve quality results that round the business in an adequate profile with ethical standards. The main elements that make up and synchronize business ethics include the increase in responsibility for the environment, the fight against discrimination in every way (by sex, race, religion or physical condition, etc.) and the development of the commitment towards the commitment towards the culture. By polishing business ethics, employee rights will be protected, as well as respecting their needs. The company will be more honest, will have a more globalized vision and will have the capacity for its environment to be healthy and safe. Adopt therefore will transmit continuous transparency, reduce margins so that there is corruption and will guarantee integrity in all work and development processes. It can be inferred that we are acting ethically in our company when two situations are being carried out in the interior of the company that reflect this. 

The first is that we accept and define our own criteria and values ​​for the way we act with respect to the different interest groups. 

The second is that we have set ethical practices to accommodate the exercise to the demands in this element for this, a succession of reports and documents that allow to institute corporate ethics will be founded so that it reaches all the people of society. We can achieve this through documents that meet the collective ethical regulations, through communications sent from the communication zone and through the foundation of ethical alignment programs that allow the staff to teach. Introducing all the members of the company in the search for a more conscious profile will help the company reach its objectives in a lower amount of time. The list of more ethical companies and obviously with the mere application in its organization in the world of Ethisference “The Ethisphere Institute is a profit company that defines and measures the corporate ethical standards, recognizes companies that stand out and promote best practices In corporate ethics. 

The company is located in Scottsdale ”, acknowledges and distinguishes companies that this institution considers that it plays an important role in society to influence or lead a positive change. These companies take into account their staff, investors, customers and other key actors instantly to obtain decisions and their titles and to put it to their corporate civilization are aligned with the decisions that make a day from day to day. The classification of these rankigs is materialized from 124 companies, among which these large Ford, L’Oréal, Capgemini, Accenture, EDP, Marks & Spencer, Dell, Kellogg Company, LinkedIn, Levi Strauss & Co., Manpowergroup, Microsoft, Mastercard, Pepsico, Starbucks, Royal Caribbean Cruises Ltd. or UPS, among others. This ranking values ​​coexistence between the effectiveness of a program of ethics and performance in the company, its popularity, ethical culture, associated government and social responsibility. 

The evaluation is based on an ethical coefficient developed by the Ethisphere Institute that allows analyzing the performance of an organization in an objective, consistent and standardized way. The accumulated information supplies an absolute and complete sample of the main competences, achieved through an established, revised and improved methodology by experts who are part of the entity’s advisory council (Methodology Advisory Panel). To obtain the effects, five categories have been taken into account: transmission of ethics and performance (35%), Corporate Social Responsibility (20%), Ethics Culture (20%), Corporate Governance (15%) and Leadership, Creation and reputation (10%), and have been provided to all companies that have participated in the process.

References list

• https: // www.Usergioarboleda.Edu.co/la-etica-business.
• https: // www.DEFINITIONABC.com/business/ethical-business.
• https: // www.money.com/Columnists/Impressa/Articles/ETHICA-EMPRESSARIAL.
• https: // expansion.MX/OPINION/2012/05/11/LA-ETICA-EMPRESSARIAL-PRODUCE-BENEFICIES.
• https: // www.management.org/ethical-business.
• https: // www.Usergioarboleda.Edu.co/la-etica-business
• https: // www.DEFINITIONABC.com/business/ethical-business
• https: // www.money.com/Columnists/Impressa/Articles/ETHICA-EMPRESSARIAL
• https: // expansion.MX/OPINION/2012/05/11/LA-ETICA-EMPRESSARIAL-PRODUCE-BENEFICIES
• https: // www.management.org/ethical-business