Do unto others what you would have them do unto you. The followers of every religion think their particular belief system is the best guide to ethical behavior and that it would be a good guide for government. It really just depen … ds on what types of ethics you are talking about.
It is better to accept that an error was made and to provide ideas for correcting it. Good ethics in salespeople includes treating customers with respect, but respectfully denying their requests for gifts or services above and beyond what company policies allow. Salespeople should follow budget rules associated with travel, gifts and entertainment expenses. If a competitor wins, accept the loss and move on to the next project or sale with your integrity and dignity intact.
Purchasing department employees can demonstrate good ethics by not demanding their vendors under-bid themselves, respectfully declining offers of gifts, and paying for their own lunches and travel expenses. Award contracts based on the value of the product or service being offered, not based on which vendor can give you tickets to your favorite sporting events.
Make sure quotes are fair, realistic and feasible before you accept them -- vendors offering the lowest bid could be hurting their own companies and yours, and might later be required to negotiate price increases or, worse, file for bankruptcy.
Even off company property, it is important to remember you are a reflection of the company. You never know if a customer or competitor is seated at the next table in a restaurant or beside you on a plane. You can set a good example by keeping your public conversations about work positive and constructive. Good ethical behavior refers to acting in a way that demonstrates good values and moral principles.
Practicing good ethical behavior involves showing integrity which aligns with societal standards of honesty, fairness, equality, diversity, etc. What do ethics and ethical behavior have to do with finance? Would you entrust your money to someone you thought was unethical? Would you risk heavy fines and possible jail time for skimming funds from a client?. People who … work in finance are placed in a fiduciary position of trust; first, by their employers, if they're not self-employed, but more importantly, by members of the general public, over whose assets they are given control.
Their daily business is directly working with other people's money, or doing other things that affect the public's investment decisions, and if they are unethical people, their clients, and the public, are at high risk for being cheated.
Finance workers are entitled to reasonable fees for their services, but they are not entitled to engage in investment activity solely to generate more commissions for themselves, or engage in any other self-dealing while they are doing their jobs on behalf of their clients.
And they have to exercise reasonable care when doing their jobs.. Given the many scandals of recent years, many companies have done their best to publicize their codes of ethics, and to acknowledge their responsibility to the public.
These firms know that public confidence in their finance people matters a great deal, and unethical behavior or even the perception of such behavior on the part of a firm means that people will stay away from that firm, and they may stay away from all the others as well. Here is an example of a firm's publication of its code of ethics:.
If your work in finance requires a license, such as a Series 7 or CPA license, you will find that you will be tested on professional ethics. Once you're licensed, you will be expected to abide by those rules. And God help you if, once you get your license, you are caught violating the rules people get caught because smart customers complain. You could lose your license.. Ethical lapses took down a major public accounting firm Arthur Andersen..
If those lapses are even perceived as widespread, that perception can potentially destroy an entire industry.. That is why ethics are not merely relevant. On the contrary, they're vital to the existence of the industry. What is ethical behavior? It is professional behavior. What are heroes and heroines perspectives on goodness ethics and moral behavior? Traditionally, they fight for goodness, ethics, and moral behavior It depends on the author, the hero, and the story.
Some heroes gamble, drink, carouse wit … h women, and frequently kill when they aren't defending themselves. Some heroes are murderers or theives. What is the need for and importance of ethical behavior?
In developing this code of ethics you should consider the following items: Consider how the decision-making process will help you improve the success of your business: Define the problem requiring a decision. There is always more than one solution to any problem. Practice thinking about possibilities before taking action. Identify the consequences of alternative solutions. There are many different consequences possible for choosing different alternatives.
Entrepreneurs need to think about both the short-term and long-term consequences likely to result from their decisions. Collect information if you do not have enough to make the right decision.
This is where a company policy and procedure guide may help employees check out their approach to a problem. Ask each group to do the following: Identify problems the entrepreneur might encounter in running this business in an ethical manner.
Develop a point code of ethics for the business. Discuss policies and procedures appropriate for this business that would support the code of ethics. List as many ethical problems as possible that might be faced by employees during a normal work day.
May 02, · Ethical behavior is doing the right thing, even when no one else is around to witness it. It is choosing to not lie, cheat, steal or hurt others, but it is also stepping up to intervene when you are a witness to wrongdoing. Ethical behavior is acting in a manner that is in tandem with what society considers to be good morals. Ethical behaviors are important because they guide people’s actions. Examples of ethical behavior include integrity, fairness, honesty and dignity. Ethical behavior is acquired at all levels of. Acting in ways consistent with what society and individuals typically think are good values.. Ethical behavior tends to be good for business and involves demonstrating respect for key moral principles that include honesty, fairness, equality, dignity, diversity and individual rights.