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Principles of Conduct - Essay Example

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Summary
This paper 'Principles of Conduct' tells us that while most organizations in the contemporary world are stuck between fulfilling their purpose and maintaining high levels of conduct, it is of greater concern and benefit for these organizations to ensure that they maintain principles of conduct when doing business…
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Principles of Conduct
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Extract of sample "Principles of Conduct"

Mostly, ethical practices in manufacturing organizations include taking care of the surrounding community about avoiding pollution. This shows the integrity of the organization, which is usually determined by reasoning and habit to make the ethical behavior continuous and consistent. Ethical behavior attracts many benefits for the organization that include attracting many customers, which boosts sales and profitability, increasing the human resource retention capabilities of the organization, which improves productivity, and attracting additional investors that helps in eliminating business takeover possibilities while increasing the market share.

Ethical behavior can also be said to be corporate social responsibility whose main function is to boost an organization’s image and reputation. An organization would achieve more when practicing ethically than it would when undertaking its practices unethically. This is because the contemporary world values businesses that value the environment and that protect the interests of the customers through the provision of healthy products. Although at times, the unethical practice may result in profit, it takes a shorter period before the investors start pulling out of the organization and the customers abandon the organization due to negative effects on the organization’s reputation (Ethical Behavior is Good Business, n.d). This causes extensive loss-making and could lead to bankruptcy. This implies that the organization’s reputation is mainly sustained through ethical behavior. Therefore, maintaining high principles of conduct is the best course of action for any organization to achieve its objectives ethically and to realize more benefits from the available market.

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(“Journal Essay Example | Topics and Well Written Essays - 250 words - 48”, n.d.)
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