Ethics in Business: Environmental Perspective, Code of Conduct, and Monitoring

Running head: BUSINESS POLICY
Business Policy
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Name of the University
Author note

1BUSINESS POLICY
Answer 1:
Firms and business enterprises have social and corporate responsibilities in order to
execute the business activities under systematic framework that can ensure the social,
environmental hygiene and moral significance. Economic, political and procedural
environment of any business defines the core value and potentiality of any business operation
(Weiss, 2014). The current and future growth of the business depends on those factors.
Therefore, before formulating or implementing any business strategies every business
organization should consider environmental perspective sincerely.
Answer 2:
For any business even for a small enterprise, developing code of conduct is crucial.
The 6 major variables or attributes that should take place within the code of conduct are
Ethical principles, values, Heath and safety issues, standard of work, standard of practice and
disciplinary actions. Ethical principles include the workplace behavior and respect for others.
Values refer the honest, unbiased and corruption free environment. Health and safety issues
ensure the responsibility of workplace security and safety including hazard reporting.
Standard of work includes the job descriptions, quality of work and commitments. Standard
of practice includes compliance of policies and procedure and operation manual. Disciplinary
action includes the complain system, penalization and other obligations.
Answer 3:
Proper monitoring and controlling process is required to ensure that code of business
ethics are read, understood, believed, remembered and acted without being ignored. Direct
monitoring or supervising, reporting and surveillance can help (Zheng, Luo & Wang, 2014).