Application of ethical values to the business - Essay Example

The second code is about professionalism that should be adopted to contribute towards public interest and to support public preferences. A person should not always work for his own benefit only; rather he should do well to others as it is rightly said "Do good have good". The third code is objectivity that is essential for business growth and to avoid controversial downfall. One must avoid self interest in business activities that would be beneficial both for him and the firm. Every person has his own point of view but one cannot impose them on others so we should avoid such situations as much as we can.

The fourth code is confidentially that refers to the information obtained in business relationship is not disclosed outside the firm without proper and specified authority, so that the clients may feel secure. It is our moral duty to keep one's secret in complete guard. The fifth code is competence; all the tasks performed by the employees should be in relevance with their ability, due skill and care, which is the only way to get efficient work by the employees and I personally think that an employ is better adapted to the work if he has a good command on it because If you want to do justice to your work you should do it properly and it only happen if you have enough knowledge about the task.

The sixth code of my business ethics is courtesy. My staff should behave with courtesy with the dealers and the customers so that we may get positive response.As far as the question of my employees is concerned that how I will enable them to establish shared ethical position, for this I must say that Once Napoleon Bonaparte had said, "There are two levers to set a man in motion, fear and self-interest."(Napoleon) My prior method to enhance the ethical position of my staff is through developing their self-interest which is the most appropriate scheme.

Their interest can be build up by introducing bonus system for exceptional work and by increasing their nominal and real wages; this will certainly assure their interest towards their duty and they shall work with greater responsibility and shared ethical codes. I shall guide my staff that you should work with integrity in all professional, business and personal financial relationships. You should not provide misleading statements and should be free from frauds and errors so that the customers may feel secure and rely on us while dealing with us.

You should ensure that your conflicts of interests are not compromised. You should do your best for objectivity in all professional and business judgments, so that our business may not suffer from any type of controversial downfalls. You should carry out your work with due skill, care, diligence and expeditions, and with proper regard to your expertise which is expected from you. You should not