Business Ethics

Business ethics are moral principles that guide the behaviour of a business. It involves distinguishing between right and wrong behaviour and then choosing what is right. Ethical business practice involves minimising any harm that the company may cause to the society through its actions. As a public sector organisation, it is important to behave ethically and set an example for private sector organisations. Staff members are expected to honestly do their duty and abide by company norms. Contractors and business partners are expected to provide quality supplies and maintain a long-term relationship with the company. Incentives to staff and customers will be based on performance and long-term relations respectively. Conflict of interest can be avoided by practicing non-discrimination policy and getting complete disclosure from all members of the boards and contractors.

Task 16
Business Ethics

Business Ethics
 Business ethics are moral principles that guide the
behaviour of a business
 Behaving ethically involves distinguishing between
right and wrong behaviour and then choosing what is
right
 Ethical business practice involves minimising any
harm that the company may cause to the society
through its actions
 It also means treating all stakeholders fairly (Ferell, et
al., 2012)

Personal belief regarding
business ethics
 In my opinion business ethics are a set of values and
principles that govern the way and individual in an
organisation or the organisation itself should act
 Business ethics is behaving in manner which causes
minimum harm or displeasure to any party
 As a public sector organisation it is our duty to
behave ethically and set an example for private
sector organisations. (Mason & Simmons, 2014)

Requirement of ethics for the
Council Organisation
 As a public sector organisation, our organisation is a
role model to private sector
 It makes the firm look trustworthy which enhances
sales
 Enhances the trust of organisation in the employee
market which leads to productive employees joining
the organisation
 As a public sector organisation we need investors
and good business ethics can create good impression
on investors (Ferell, et al., 2012)


Expectations from Staff
Members
 Staff members are expected to honestly do their duty
and abide by company norms.
 Another expectation is to treat fellow employs and
customers with respect
 Staff is also expected to be punctual and focused on
their work
 Another expectation from staff is to practice non-
discrimination while conducting with all other
employees and customers. (Stanwick, 2013)

Expectations from contractors
and other business partners
 Contractors and business partners are
expected to provide quality supplies and other
material
 They are also expected to give us best prices
of the material they supply
 Another expectation is that they will maintain
long term and cordial relationship with the
company (Wolff, 2018)

Rules and Policies
 Incentives to staff will be based on performance.
 Incentives to customers will be based on long term
relations
 Gifts and benefits will be linked to performance .
Additional gifts and benefits will be given to
customers who pay their bills on time.
 In terms of hospitality a sitting area and a coffee
machine to be provided to customers
 No travel allowance will be made to customers or
employees

Conflict of interest
 A conflict of interest occurs when an employee’s
personal interest clashes with his duty towards the
employer.
 Conflict of interest can be avoided by staff members
if they avoid favouritism or supporting one customer
over other based on favouritism.
 It can also be avoided by getting complete disclosure
from all members of the boards and all the contractors
 Practicing non discrimination policy can also help in
avoiding conflict of interest. (Belcourt & Kenneth,
2015)

References
 Belcourt, H.-Y. B. M. & Kenneth, M., (2015) Strategic Human Resources
Planning. Scarborough: Nelson Education Limited,.
 Ferell, O., Fraedrich, J. & Ferell, (2012) Business Ethics: Ethical
Decision Making & Cases. New York: Cengage Learning.
 Mason, C. & Simmons, J., (2014) Embedding Corporate Social
Responsibility in Corporate Governance: A Stakeholder Systems
Approach. Journal of Business Ethics, 119(77), pp. 0615-1699.
 Stanwick, P., (2013) Understanding Business Ethics. London: SAGE
Publications.
 Wolff, J., (2018) Understanding Business Ethics. New York City: W. W.
Norton & Company.
