ETHICS IN ORGANISATION

ETHICS IN ORGANISATION

The term “ethical behavior” refers to how an organization ensures that all its decisions, actions, and stakeholder interactions conform to the organization’s moral and professional principles. These principles should support all applicable laws and regulations and are the foundation for the organization’s culture and values. They distinguish “right” from “wrong.”

Senior leaders should act as role models for these principles of behavior. The principles apply to all people involved in the organization, from temporary members of the workforce to members of the board of directors, and need to be communicated and reinforced on a regular basis. Although there is no universal model for ethical behavior, senior leaders should ensure that the organization’s mission and vision are aligned with its ethical principles. Ethical behavior should be practiced with all stakeholders, including the workforce, shareholders, customers, partners, suppliers, and the organization’s local community.

While some organizations may view their ethical principles as boundary conditions restricting behavior, well-designed and clearly articulated ethical principles should empower people to make effective decisions with great confidence.

There are 8 elements of organisation:

1.      RESPECT: As an entrepreneur building a business, you need to respect yourself and surround yourself with people you can respect.

2.      HONOR: good people are the fundamental part of good ethics. In an organisation we should give strong attention to good performer because these are the people who have helped you to become successful.

3.      INTEGRITY: do not lie, steal, or cheat. Make your word your bond and always stand by your word.

4.       CUSTOMER FOCUS: A company is nothing if it does not have customers. Also if a company does not produce what people want then it ultimately results in the loss of business.

5.      RESULTS-ORIENTED: You would not be an entrepreneur if you weren’t focused on the results already. Work on achieving your results within your company value.

6.      RISK-TAKING: great companies attract employees who are willing to take risks, and they encourage, support and reward them for taking calculated risks. When the risk pays off, then share the rewards with those who produced.

7.      PASSION: Great organisations are comprised of people who have a passion for what they are doing. These are the people who are working for you.

8.      PERSISTENCE: people in awesome organisations have the will to persist. They will keep working even when the results are not what they hoped, or when customers refuse to buy. Their persistence is tied to their passion and they continue to take risks.