All will certainly agree the business environment is full of competition that will go way past the imagination. In the bid to reach the top and make a mark, the full idea of business ethics and decorum is slowly fading into oblivion. It’s vital to grasp the key to success in any business is to stick conscientiously to the formula of business ethics. In the impressive range of business ethics there are some points that are important to ensure the growth of the business. Let’s have a look at some of such business ethics.
The 1st C of business ethics which holds supreme signification is confidentiality. The enlargement and success of business all relies on trust. If you’re a worker of a company it is your duty to maintain the trust the company bestows in you. Never make the mistake of spilling out the special data of the company. Always keep the private and the secret info to your own. The moment you spill the beans to somebody unknown you are bound to invite difficulties to your own company. This can in turn bring down the success rate of the company to a significant extent.
Collaboration comes next to confidentiality in order of importance. Irrespective of the area of work you are in, partnership is a must. To achieve the goals of the company, you need to work in cooperation with others at work. Ensure that you work along with other team members in order to achieve common goals. Effective communication is a must if you want to start the requisite collaboration.
Another very significant factor, often unconsidered in business is ‘compassion’. The majority stick to a particular job or work area because of the remuneration they get. In this process however, compassion is a word seldom used and even less implemented. The best results in work cannot be reached without compassion towards your work. You should love what you do to be truly effective against competitors and be most productive. While it’s good to be objective about your work, a little compassion will help your performance.
Last although not the least; the business ethic that may help you make your business grow is competence. This idea is less of an ethic and more of a business need. There are no two ways about the fact that expansion of business is significantly set by the ethics. If you lack on the competency level it is tough to make a mark. Many business pros are of the view that one must explore only that business opportunity which is well fitted to the competency level. For instance if you’re not a pro at selling you need not go in for sales oriented business like that of eateries. You should try your hand at some creative fields like that of the site planning and copy writing. The base line is to be linked with something which suits your interest and competency to the maximum extent possible.
These ‘C’s of business ethics are something that we are all acquainted with on a conscious or comatose level. The key is to implement them and when you do, you’re guaranteed to find your business flourishing and growing like never before.
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* Overview of Moral Reasoning and Ethical Theory
Shannon E. French Ph.D. – Inamori Professor of Ethics and Director,
Inamori International Center for Ethics and Excellence
Ethics Workshop Part 1 – Overview of Moral Reasoning and Ethical Theory