Essay on Business Ethics

1875 Words Jul 4th, 2010 8 Pages
Business Ethics
An Informative Report for Owners, Managers and Leaders of Organisations in Emerging Markets

Table of Contents

1. Executive Summary 3 2. Introduction 4 3. Approach and Methodology 5 4. What is Business Ethics? 5 5. Why is Business Ethics Important? 6 6. The Approach to Business Ethics 7 7. Conclusion 8 8. References 9

1. Executive Summary

There are many factors to consider when a company does business with another. Many global businesses give very little regard to one of the most important aspects. There emphasis is making money and profit.

There is nothing wrong with making money and profit, but the manner in which you make it raises the questions of “Business Ethics.”

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Together this report provides guidelines to support owners, managers and leaders of organisations to establish moral values, principles and standards, which will address the diversity amongst individuals within the organisation to function as a team.

My focus is primarily directed to the importance of maintaining a business ethical environment and the approach organisations need to carry out in the 21st century when dealing with its partners, society, communities and customers.

The approach and methodology is to summarise the content of my findings and identify the tools you will need to establish a business ethical environment for your organisation.

4. What is Business Ethics?

Business ethics, not only in South Africa, but all over the world has become an important part in the global market. Foreign countries no longer look at rational organisational structures only, but instead concentrate on emotional values such as staff motivation, behaviour and attitudes.

Many businesses over the years have received a bad reputation just for being operational. This is why so many organisations place emphasis on business ethical codes of conduct.
Business ethics can therefore be defined as the morals, values, principles and standards of the organisation or the behaviour of the business in its daily conduct with the outside world. For

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