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The most fundamental or essential ethical issues that businesses must face are integrity and trust. A basic understanding of integrity includes the idea of conducting your business affairs with honesty and a commitment to treating every customer fairly.

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When customers think a company is exhibiting an unwavering commitment to ethical business practices, a high level of trust can develop between the business and the people it seeks to serve. A relationship of trust between you and your customers may be a key factor in your company's success. Your current and potential employees are a diverse pool of people who deserve to have their differences respected when they choose to work at your business. An ethical response to diversity begins with recruiting a diverse workforce, enforces equal opportunity in all training programs and is fulfilled when every employee is able to enjoy a respectful workplace environment that values their contributions.

Maximizing the value of each employees' contribution is a key element in your business's success.

Business ethics

A useful method for exploring ethical dilemmas and identifying ethical courses of action includes collecting the facts, evaluating any alternative actions, making a decision, testing the decision for fairness and reflecting on the outcome. Ethical decision-making processes should center on protecting employee and customer rights, making sure all business operations are fair and just, protecting the common good, and making sure the individual values and beliefs of workers are protected.

Business Ethics - The Coca-Cola Company Struggles With Ethical Crises

Businesses are expected to fully comply with environmental laws, federal and state safety regulations, fiscal and monetary reporting statutes and all applicable civil rights laws. The reasons for running ethical businesses are only going to get more compelling—as well as more complex—over the coming decade, suggests a new global survey conducted by the Human Resource Institute HRI and commissioned by American Management Association AMA. Why should companies behave ethically? Their responses highlight the fact that business ethics has both bottom-line and moral implications for business professionals.

Business Ethics Articles

When asked to look 10 years into the future, respondents predicted that factors such as protecting the brand, establishing customer trust, and winning investor confidence will only get more critical by the year One major question is whether the red-hot market competition brought on by globalization will lead to shadier business conduct in the future. But survey respondents seem to expect greater pressure to behave ethically. The regional differences are particularly interesting.

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Canadians, Europeans and Asians, however, rated environmental issues as much more important, accounting for its overall high ranking. It seems that a large proportion of non-U. But what processes can actually ensure such a culture?