Types of Business Ethics
Business ethics refers to the prescribed code of conduct or a set of guidelines for businesses. The discipline emphasizes sustainability, customer loyalty, brand image, and employee retention.
Types of business ethics:
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Corporate Responsibility
Social Responsibility
Personal Responsibility
It safeguards the interest of all the internal and external parties associated with the firm including the employees, customers, and shareholders.
It emphasizes giving back to society, motivating businesses to work towards environmental protection, and social causes.
Employees are expected to act responsibly with honesty, diligence, punctuality, and willingness to perform their duties.
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They include customer-privacy, personal information, and intellectual property fair practices.
The firm has to ensure fair chances of growth and promotion for all irrespective of personal beliefs and biases.
Technology Ethics
Fairness
Trustworthiness and Transparency
Businesses should maintain transparency in business practices and financial reports.
Greater Killeen Chamber of Commerce www.killeenchamber.com One Santa Fe Plaza Drive PO Box 548 Killeen, TX 76541 Phone: (254) 526 - 9551