Business ethic for leaders Essay Example | Topics and Well Written Essays - 1250 words

Business ethic for leaders - Essay Example Customers have a high tendency of trusting companies and businesses that are value-based. Business ethics help create harmony between businesses and the outside world. Based on the above underpinning evidence it is justified to say that business ethics play a significant role in the success of companies and businesses. Models of management business ethics Moral management This model assumes the role of leadership whenever ethical conflicts occur in an organization. Its purpose is implement ethical behavior for the overall success of a business or organization. It adheres to the high standards of ethical behavior. Immoral management This model does not have any ethical principles; in fact, it opposes any form of ethical behavior portrayed by businesses or companies. It grabs any available opportunity that may benefit a corporate. Amoral management This model is grouped into unintentional and intentional management. Unintentional management pays little or no ethical considerations in b usinesses or companies, while intentional management does not pay any attention to ethical behavior. Amoral management gives managers the mandate to control their businesses or companies. This model gives a provision for the implementation of ethics if manager approve such ethics. Factors that organization should consider when creating their business ethics Communication There should be open communication with both the employees and members of management. This help promotes confidence, trust, and comfort amongst all involved parties in an organization or business. Open communication is essential for discussion of any issues that are related to the code of ethics (Businessburrito 1). A team to oversee the process of creating and adherence business ethics A company or business should appoint a team designed strictly to monitor ethical actions of all its employees. The team should have specific procedures to determine incidences of unethical behaviors amongst workers. It should also a separate procedure that outline the type of discipline that unethical workers should face. Vision Companies and businesses should have clearly explained visions before embarking on creating codes of ethics for their organizations. A company’s vision should have a full detail of all aspects of ethical rules. It plays a key role in determining the overall success and implementation of business ethics in any company. Levels of business ethics Individual level- this level looks at the behavior of all individuals in an organization or business. A person’s behavior may be determined by his or her personality, environment or peer. Business ethics at this level are of immense importance since they help harmonize all individuals in an organization (Businessburrito 1). Failure to implement business ethics at this level may have dramatic negative effect on the success of a company or business. Corporate level-this level helps companies and businesses to be extremely careful when conducting and implementing their business strategies. These companies and business ought to ensure that their behavior is in line with the individual corporate entities in both public and private sectors. Macro level- this level outlines the role of businesses in their association with the entire society. A company’s strategies should aim at delivering remarkable benefits to a society in an ethical manner. Its activities should be in