Importance of Ethical Codes in Business

This assignment explores the significance of ethical codes in shaping business behavior. It delves into the reasons behind establishing such codes, highlighting their role in defining acceptable conduct, providing benchmarks for self-evaluation, and establishing frameworks for professional responsibilities. The document emphasizes key elements of ethical codes, including company values, problem resolution, and adherence to professional standards. Additionally, it discusses the importance of ethical partnerships with other companies and the need for transparent communication and data analysis to ensure improved performance.

Suitable ethical codes
It is a formal document which establish the behaviour of the company along with formal
paper mentioning which are shown by the employees who are working in organisation. The
reason for which they are having code of conduct.
 For defining acceptable behaviours
 Providing a benchmark to employees so that they can do self-evaluation
 For establishment of framework for professional responsibilities and behaviour.
Suitable ethical code of conduct are company values, Problem resolution, Standard principle which
are maintained by a professional. Ethical code of conduct is related to values and principles which
help in identifying performing activities in the market. The company have to follow all rules and
regulations related to health which assist in providing and increasing consumers satisfaction level.
if an employee met with an accident then it is the responsibility of the manager to give him
compensation and provide some medical facilities. Along with this ethical partnership should be
establish with the other companies.
All information as well as data should be analysed properly and then this data should be
properly communicated so that performance can be improved. Manager of Superdrug have to
conduct meetings, sessions etc. so that company have to use appropriate policies.