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Business Ethics Make You a More Trusted Business

Top 10 Business Ethics and What They Are About

Business ethics are a hot topic in the business world today because, well, not too many businesses portray them. Business ethics mean doing the right thing in every situation. Business ethics mean working with integrity and hard work, not deceit and manipulation.

Business ethics are not just for the business' benefit however, business ethics help consumers decide who they want to do business with. If you don't have solid business ethics you will be hard pressed to find clients. Here are the top 10 business ethics and a few reasons to create an environment for ethics:

1. Personal ethics: The ethics a person has in their personal life will surely overlap into their business ethics and how they approach business ethics.

2. Fairness: A strong business ethic is fairness. How fair the boss is and how fair he treats his employees is a big part of business ethics.

3. Integrity: Integrity is what business ethics is built on. Good integrity means good business ethics.

4. Dependability: A good business ethic is dependability. How dependable are you in going to work and being on time?

5. Plan: Having a plan that is based off of good business ethics is a solid principle employers look for.

6. Trustworthiness: If you cannot be trusted you won't be looked at as an employee with good business ethics.

7. Internal + External: Good business ethics mean you show them on the inside and outside. Basically, practice what you preach.

8. Leadership: Good business ethics often trickle down from the top…or the boss! If he has good business ethics chances are he'll hire people that mimic them.

9. Values: A person's values are integrated in their business ethics.

10. Profit: Every business is profit driven, yes, so it is important that profit is interwoven with business ethics so that profit ‘at any cost' is not the goal.

Here are some top reasons why you should implement business ethics:

  1. Business ethics have substantially changed the industry for the better. Business ethics keep businesses from treating their employees poorly (i.e. 90 hour weeks at lower then minimum wage) and it prevents harassment and intimidation.
  2. Business ethics will help you when you run into a turbulent time. Every business runs into some rocky waters once in a while. It is normal to have problems but if you have a solid base of business ethics, you will be able to deal with them better.
  3. Business ethics ensure that you are following the law. It is very easy to take short-cuts that seem innocent but are really against the law. If you have a solid base of business ethics you will be able to think of your business in a different light.

When it comes down to it, a business that practices business ethics is doing the right thing for their profit margins, yes, but they are also doing the right thing. Business ethics always boils down to this: Doing the right thing.

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