Ethical Business Practices :: Business Ethics

Ethical backing practices include assuring that the highest sanctioned and moral standards are observed in your relationships with the people in your rail line organization community. This includes the most important person in your business, your customer. Short term proceeds at the cost of losing a customer is long term remnant for your business. A written report for ethical decisions builds trust in your business among business associates and suppliers. Strong supplier relationships are critical to a successful business. believe the problems you might create if you could not supply what the customer invites...at the time that they need it. The entrepreneur is the role model for employees. If your manner includes lying to customers, taking notes out of the cash register, or taking home some of the arsenal or supplies, you cannot be surprised if your employees follow your charter. Your family members may affect the business as their own and take things that really bel ong 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 second 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 just about 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 open up code of morals. 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 create this code of ethics you should consider the following items 1. Identify your general principles that would lead to fair busine ss practices. 2. Check with your industry association for basic standards to follow 3. Allow for the fact that ethical questions do not always have a unique, faultless answer. 4. Write out specific statements that will see 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 operating(a) your business. 6. Train your employees (and family members) to make ethical decisions about the business.