Developing Ethics at Workplace Research Paper Example | Topics and Well Written Essays - 2000 words

maturation Ethics at Workplace - interrogation Paper ExampleIf the employees have the opposite attributes like laziness and show lack of values, the company volition not prosper, and the employees should not be there very long (Eileen, 2008). The Need and Importance of Ethics In order to establish in a competitive environment, the managers must(prenominal) possess good values, and use gunpoint in the organization. Existence of Business Business ethics is compulsory for the existence of any business. If the business does not follow any ethical values, the business flops in the market and forget creates a bad populace image among the customers. Eventually, this will premise to the collapse of the business. Therefore, for a business to succeed and survive in the market, it needfully to develop ethical principles. Protecting Rights of Consumers Business ethics should be developed to look after the flops of the consumers, which includes the right to be informed about the produc ts availability, features, safety, right to be heard, etc. Protecting Employees and Shareholders The employees and the share holders play an meaning(a) role in the neat functioning of the business. Therefore, ethical values protect them from unethical activities. Increasing arrive of Consumers When the business follows good ethical principles, there will be increase in the number of customers. Customers pick out honest and liable dealings. They have the right to file a case against businessmen who indulge in unfair practices. Satisfaction for Customers Customers are the ones who lead the business. The main objective of any business is to satisfy its customers. Consumers will be happy, only if the company employs business ethics in their dealings. Benefits to Employees Business ethics provide the employees reasonable wages and compensation benefits. It includes, giving them better working conditions. Maintenance of good kins between employer and employees. The employees proper facilities or amenities. The employees should also have the right to argue for their benefits to the management. Benefits to the Society By reducing unfair transaction practices, there will regular supply of better quality products and receiptss to the customers. This results in establishing good relationship with the society. Efficient Performance If the business practices all the ingredience of business ethics, the employees of the organization contribute and cooperate with the managers. This will lead to increased sales, higher profits, and expansion of the business. Healthy Competition Business organizations must make use of ethical principles while dealing with the competitors. They must have strong values while opposing the competitors. There must be equal chance for small-scale businesses to survive in the market. Buyers Market In recent times, geomorphological changes have taken place in the concept of business. In the case of many products, sellers market has been rebor n into buyers market. Under such changed business conditions, business ethics is needed to stress the importance of consumer satisfaction and service orientation, in place of profit orientation (Haider, 2010). Reduces Business Misconduct There are chances of malpractices in nigh business such as high pricing, black marketing, adulteration, and selling of false products to the customers. This reduces the image and sale of the products. Developing ethical principles