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Explain how ethics impacts the following - Essay Example

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A code of ethics is known as a set of guidelines which are designed to set out acceptable behaviors for members of a particular group, association, or profession (Smith, 2003). It is common for organizations to govern themselves with a code of ethics, especially when they handle…
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Explain how ethics impacts the following
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Explain how ethics impacts the following

Ethics works in both ways in terms of employee commitment. A workplace is expected to establish a working environment where employees would want to come to work and be productive because of pride in what they do for a living. This gives the employees the motivation to stick with the company. A healthy and happy working environment makes the workforce enthusiastic about their works. In return, the employees become willing to cooperate with the company even in times of crisis. Employees are willing to extend a hand to lift up the spirit of the company as a part of its team instead of turning their back. They keep the confidentiality of matters that involve the company and maintain a good reputation as well that can also reflect the good image of their company.
Investor loyalty is in one way or another, related to employee commitment. What would make an investor stick into something is a good service and return on/of investment. It is said that ethical business practices would include actions such as not using marketing materials or campaigns that mislead consumers (Tatum, 2003). Therefore, the ethics of giving an investor a clear idea of what he/she can gain in exchange of an investment would create loyalty on the investor’s part. It is essential for a company to offer the best possible service that would give an investor a certain profit. Ethics works two- way in any whether it is in business or social organization. Ethics in investment can build trust and encourage an investor to invest more and maintain a good partnership with a company.
Costumer satisfaction is a distinct measure of impacts of ethics. This determines how a certain company or service provider deals with their standards and work rules to meet the demands and needs of the costumers. Any costumer certainly wants a quality service and therefore, expects the best response from a service provider or costumer service. In connection with ... Read More
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