In the contemporary business world, it is mandatory that organizations embrace the aspect of ethics in business. According to Bnet (2005) it is of the essence that organizational routines go hand in hand with the business ethics. Adherence reduces the possibility of employees deviating from the set rules and regulations of the organization. Though ethics may seem too obscure, research indicates that performance of an organization has a lot to do with the set codes of ethics. Analysts argue those organizations that are strict with the adherence of codes of ethics of their organizations record high possibilities of success in the business.
Ethics may be described as a rational term that means traditions or nature. In light to this description, the term ethics is of a great relationship with efficient leadership in businesses. Ethics simply indicates the values and good attributes that have to be adhered to by all members of an organization. Majority of the organizations are known to present their codes of ethics to their employees on the first day of employment. According to Gatewood (2007) presentation of code of ethics to employees at the commencement of the job reduces the chances of them breaching the law; in turn smooth flow of operations in the business.
The code of ethics simply describes the dos and do not’s of the business. The major aim of this code is to ensure that organizations are operating in a sensible and fair manner. This fact relates to the fact the public has a high dependency on the existing organizations. If no codes of ethics are operational, it means that the members of the public will not access to services they require from these institutions. For instance code of ethics bars workers of public institutions from collecting bribes in exchange of favors. In this case, the code of ethics endeavors to ensure members of the public access services that they require free of any form of bias on the basis of their color, race or affiliation.
Unethical behavior in various forms of businesses may be regarded as a menace that devours the good will of the organizations. Breaching of the terms of the code of ethics in the business may render the business to a precarious undertaking. The business faces the threat of collapse at any time, with competitors taking advantage of the hitches taking part in the business to grab their customers.
Nevertheless, unethical behaviors in business are almost an obvious characteristic of almost all businesses in the contemporary world. This crisis has found its way into many institutions ranging from government institutions, sole-proprietorships amongst others. Philips (2009) indicates that a recent study on business and business ethics reveal that a greater percentage of collapse in business result from unethical behaviors, be it corruption, stealing or any other form.
In an attempt to inculcate ethical manners in the business, many employers undertake to reinforce ethical behavior in the organization. With positive reinforcement on ethical deeds in the organization, the management attempts to pull a majority of the employees towards shunning unethical manners in the workplace. If the unethical behaviors are minimized, Bnet (2005) indicates that the relations between employees and employers are bound to have a lasting relationship. He continues to urge management of organizations to ensure that employees are aware of the need to have and adhere to a code of ethics in the business.
Philips, R. (2009). Business Ethics: Conflicts, Practices and Beliefs of industrial Executives.Wall Street journal. September 5, 2009.
Bnet, T. (2005). “The Moral Concern That HR Managers come across in the Performance of Their Jobs.” HR Magazine. March, 2005, 40–48
Gatewood, R. (2007). Assessment of Ethical Performance of Organization Members. The Business Review, 8(1), 12-18.