Get the latest news delivered to your inbox.
Importance of Ethics Importance of Ethics Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want businesses to be fair, clean and beneficial to the society.
For that to happen, organizations need to abide by ethics or rule of law, engage themselves in fair practices and competition; all of which will benefit the consumer, the society and organization.
Primarily it is the individual, the consumer, the employee or the human social unit of the society who benefits from ethics.
In addition ethics is important because of the following: Satisfying Basic Human Needs: Being fair, honest and ethical is one the basic human needs. Every employee desires to be such himself and to work for an organization that is fair and ethical in its practices.
An organization that is believed to be driven by moral values is respected in the society even by those who may have no information about the working and the businesses or an organization.
Infosys, for example is perceived as an organization for good corporate governance and social responsibility initiatives. This perception is held far and wide even by those who do not even know what business the organization is into.
Uniting People and Leadership: An organization driven by values is revered by its employees also. They are the common thread that brings the employees and the decision makers on a common platform.
This goes a long way in aligning behaviors within the organization towards achievement of one common goal or mission. The same holds true for organizations. Decisions are driven by values. For example an organization that does not value competition will be fierce in its operations aiming to wipe out its competitors and establish a monopoly in the market.
Organizations guided by ethics and values are profitable in the long run, though in the short run they may seem to lose money. Often ethics succeeds law in safeguarding the society.
The law machinery is often found acting as a mute spectator, unable to save the society and the environment. Technology, for example is growing at such a fast pace that the by the time law comes up with a regulation we have a newer technology with new threats replacing the older one.
Lawyers and public interest litigations may not help a great deal but ethics can.
Ethics tries to create a sense of right and wrong in the organizations and often when the law fails, it is the ethics that may stop organizations from harming the society or environment.PREAMBLE. The Board of Directors of the American Association for Marriage and Family Therapy (AAMFT) hereby promulgates, pursuant to Article 2, Section of the Association's Bylaws, the Revised AAMFT Code of Ethics, effective January 1, The ANA Center for Ethics and Human Rights.
The Center is committed to addressing the complex ethical and human rights issues confronting nurses and designing activities and programs to increase the ethical competence and human rights sensitivity of nurses.
A well-written code of conduct clarifies an organization’s mission, values and principles, linking them with standards of professional conduct. The code articulates the values the organization wishes to foster in leaders and employees and, .
Ethics What is Ethics? Ethics is the branch of study dealing with what is the proper course of action for man. It answers the question, "What do I do?". Jun 30, · A code of ethics is important for every business to make sure employees understand the law, regulatory requirements, value systems of the company and professional standards desired in the office.
A code of ethics can help a business determine its priorities and values. It can also help you down the line if one of your employees or vendors drags you into legal trouble.