Ethical Business Practices :: Business Ethics

Ethical blood line practices include assuring that the highest profound and moral standards be observed in your relationships with the people in your fear community. This includes the most important person in your disdain, your customer. Short term advance at the cost of losing a customer is long term demise for your business. A composition for ethical decisions builds trust in your business among business associates and suppliers. Strong supplier relationships are critical to a successful business. number the problems you might mother if you could not supply what the customer chooses...at the time that they need it. The entrepreneur is the role model for employees. If your fashion includes lying to customers, taking cash out of the cash register, or taking home some of the origin or supplies, you cannot be surprised if your employees follow your overtake. Your family members may work through the business as their own and take things that really belong to the business . Employees may see this as being dishonest, or as a conflict with their involve for a raise in pay. The community expects your business to operate in an ethical manner that enhances the image of the community as a whole. If you are located in a mall, for example, your code of morality will garter or hinder customer traffic for the other businesses too. A reputation for telling customers anything they want to hear, regardless of the truth, eventually hurts your business and other businesses most you. It usually isnt illegal to lie to customers, but it isnt good business. Ethical behavior is merely making good business decisions based on an launch code of ethics. Entrepreneurs should establish a written code of ethics that can serve as a framework for decisions to be make by the entrepreneur as well as the employees. In growing this code of ethics you should consider the following items 1. Identify your general principles that would lead to fair business practices. 2. Check wi th your industry association for basic standards to round 3. Allow for the fact that ethical questions do not always have a unique, faultless answer. 4. Write out specific statements that will help you and others in making day-to-day ethical decisions. 5. Apply your code of ethics to a written policy and procedure manual identifying the major rules for operate your business. 6. Train your employees (and family members) to make ethical decisions about the business.