Corporate Ethics – Heading in the Right Direction

Corporate Ethics Heading in the Right Direction

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Corporate ethics are in high demand in the the wake of corporate scandals, foreclosures and Ponzi schemes.


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In fact, according to Business Performance Improvement Resource, which maintains an extensive database of best practices, “there is a greater demand for transparency . . . and greater accountability to the public.”

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Corporations are increasingly reassessing their own practices, realizing the need to focus on the human component.

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As stakeholders in corporate America, employees and clients are equally important within the corporate structure.

Corporate ethics, and the policies arising from it, have a serious impact on whether these clients and employees place their trust in a company and largely determine whether they remain with that company.



Business leaders must perceive corporate ethics as a personal responsibility.

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Corporate Advantages of Maintaining High Ethical Standards

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From a Corporate standpoint, maintaining High Ethical Standards reduce incidences of corruption, increased employee satisfaction, enhanced reputation within the community and among competitors, as well as garnering the respect and approval of regulatory agencies.

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The goodwill fostered with clients and within the community, by establishing and practicing high ethical standards, translates into increased business opportunities.


A trusted corporation is one with whom clients will not only continue to do business, but will also recommend to others.

Stakeholders’ Benefits Resulting from High Ethical Standards


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By providing unambiguous ethical guidelines, corporations show professional respect for their employees and their clients.


In return, they gain the trust of their employees which raises both morale and employee satisfaction.

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The result is employee retention and a higher level of productivity.

From a client and investor standpoint, an ethical corporation is worth their investment.

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Business coach, Laurie Neumann states, “Christian business ethics must include honesty, fairness and treating others with kindness and respect.”


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Incorporating these qualities into ethical policy, and then maintaining high ethical standards, benefits accrue not only for the corporation itself, but also for its employees and clients.


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The Christian MBA web site provides articles of interest to MBA students, from current events to developing your own

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Corporate Ethics – Heading in the Right Direction

Business

Transcript of Corporate Ethics – Heading in the Right Direction