This is a report that provides information about the role of ethics and compliance
programs in the business world. This report explains the advantages of business ethics,
the role of ethics in diversity and quality management, the role of compliance programs,
and the benefits of managing ethics as a program. This report is useful for small
businesses or other entities that want to obtain more information about ethics and how
they play a role in the modern business world.
2
The Role of Ethics and
0
Compliance Program in
1
the Business World
0
Table of Contents
BUSINESS ETHICS: ............................................................................................................................ 4
ADVANTAGES OF ETHICS AT WORKPLACE ...................................................................................... 5
BUSINESS ETHICS HELPS IN MANAGING VALUES ASSOCIATED WITH STRATEGIC PLANNING,
DIVERSITY MANAGEMENT AND QUALITY MANAGEMENT ............................................................. 5
PROMOTING A STRONG PUBLIC IMAGE THROUGH ETHICS: ........................................................... 5
COMPLIANCE PROGRAM ................................................................................................................. 6
BENEFITS OF MANAGING ETHICS AS A PROGRAM.......................................................................... 6
References ....................................................................................................................................... 8
© Copyright 2010 Docstoc Inc. registered document proprietary, copy not 3
BUSINESS ETHICS:
Applied ethics is considered as a form of business ethics. Which identifies the morals and
principles or ethical problem that may be raised in a business environment? In 21st
century the increasingly conscience focused marketplaces demand for extra ethical
processes of business actions which is also called as ethicism .Ethicism is increasing day
by day and pressure on the management of industries and other business centres is
applied to improve business ethics through new laws and initiatives for example United
Kingdom higher road tax for higher emission vehicles (Dobson, 1997).
Business ethics may be both, descriptive as well as normative discipline. As a career
specialization and a corporate practice, this field is primarily considered as normative.
Descriptive approaches are also taken in academia. The quality and range of ethical
issues in business shows the state to which business is perceived through its odd and
even, and sometimes non economical values of social culture.
Basically ethical values in business were accelerated in 1980's and 1990's within the
major industries and academia. For instance many of the corporate web sites pay
importance on the commitment of promoting social values which are not economically
values under a variety of headings. For example social responsibility and ethics codes, in
many cases companies have redefined their basically ethical values in terms of business
considerations for example BP which stands for "Beyond Petroleum" environment tilt.
© Copyright 2010 Docstoc Inc. registered document