Post by account_disabled on Mar 5, 2024 8:06:47 GMT 2
According to a study carried out by BDO, 75% of Spanish companies have implemented a code of ethics as a generic guideline when making business decisions. Business ethics, values and social responsibility have become very important points when running a company. The reputation of a brand can be very badly damaged if it is related to bad practices , whether labor, environmental, quality or any other type. Additionally, more and more customers are refusing to purchase products or services that come from unethical companies. And, as Warren Buffett said in 1930: “The price is only what you pay. Value is what you get.” On the other hand, workers no longer want to work in companies that do not share their values . This is determined by a Regus study , which states that almost a third of those surveyed would quit their job if the values of their superiors do not align with theirs and up to 48% would never join a company that does not have their values. well-defined social and environmental objectives.
Do you want to know the importance of business ethics for organizations today? Below, we explain its advantages and consequences, as well as the most relevant points that must be taken into account when designing and implementing an ethical code in a company. CTA text What is business ethics? Business ethics can be defined as the set of values and standards by which a company is governed . In this way, any issue or decision made is based on these standards, with the Europe Mobile Number List aim of creating a company culture , aligning with the interests of its stakeholders and getting truly involved in society's problems. The term business ethics (in English, Business Ethics ) emerged in the 1970s in the United States . However, it was not until later, in 1987, that the EBEN ( European Business Ethics Network ) was created, an association that promotes the study of the application of an ethical code in the field of organizations, the economy and business. At the beginning of the 21st century, business ethics has been gaining increasing importance. This is due to the awareness of a large part of the population regarding social and environmental problems that has forced companies to be part of the movement.
business ethics Basic principles of business ethics Among the basic principles of business ethics, we find values such as the following: Integrity: The ethical code must not only be created, it must also be respected. When this happens, the company manages to have a complete and coherent image, acting in the same way as it thinks and vice versa. Social responsibility : an ethical company understands and shares society's problems. Not only that, but they also get involved and make decisions accordingly, with the aim of improving and contributing to the solution of said problems. Environmental responsibility: as in the previous point, ethical companies must be concerned about the environmental impact of their activities . Reducing your carbon footprint, protecting the planet, saving resources and increasing your efficiency will always be among your objectives. Fair Play against the competition: in addition, the business world must be understood as a game in which the rules and the opponent must be respected. Fair play, good practices and respect for competition is essential. Workers' rights: fighting for the well-being of employees is another of the principles of business ethics.