Definition of Business Ethics
Business ethics is knowledge about ideal procedures for managing business by paying attention to norms and morality that apply universally, economically, and socially. Every company must pay attention to and implement applicable ethics, for example complying with applicable laws and regulations. In the business world, ethics is an important element that must be considered, and includes various aspects, be it individuals, companies, and society.
Ethics in business can also be interpreted as knowledge of norms in managing business and morality that applies universally, economically, and socially. This is also used as a standard or guideline for all employees in the company to make it a guideline for work. Besides that, good ethics will be a supporting factor in developing a business more easily.
The main goal of doing business is to get financial benefits. However, this does not mean that a company can justify any means to achieve these goals. Business ethics can be interpreted as unwritten rules as the basis for norms and behaviors that must be obeyed by all levels of the company. By carrying out good business ethics, a company can get more value and trust from society, the country, and even its competitors.
Purpose and Benefits of Business Ethics
The ultimate goal of business ethics certainly involves the sustainability of the company. In the short term, companies with good ethics will get positive values and views so that they are considered more trusted.
Also, doing business using ethics will create good relationships between the company and employees, the company, and consumers, as well as the company and other companies. This gives good credibility to the company. If ethics is applied internally at all levels of the company, employees and leaders will have good relationships, then the working atmosphere will be more conducive and supportive. This keeps the company away from fraudulent practices within its environment.
Examples of Good Business Ethics
You may have heard that one company’s idea was “stolen” or plagiarized by another company. Such practices are possible in the absence of good business ethics. Any business is free to innovate in producing a product, as long as it does not imitate the whole.
By prioritizing ethics, the atmosphere of the business competition will be fair because consumers objectively evaluate products according to the quality or innovation offered. Of course, you don’t want to be cheated by any company on a small or large scale.
To illustrate, here are examples of good business ethics to apply in a company.
• Be Honest
• Saying Name
• Dress neatly
• Use of Good Language
• Stand up while Shaking Hands
The Importance of Applying Ethics in Business and Everyday Life
Business ethics provide many positive benefits in the short and long term for the company. If you are accustomed to applying ethics in everyday life, it is certainly not difficult to apply it in doing business. The key is not to let our business activities interfere with other business activities.
Definition of Business Ethics