Business ethics are an almost daily topic in the news, in business schools, in the workplace and in our homes. These agencies rely on social networking of their insurance agents, to get them good customers. An individual’s knowledge level regarding an issue can help to determine ethical behavior. Such focus will have beneficial effects on all stakeholders and a long term benefit to the bottom line by improving stakeholder relations and avoiding costly lapses in ethical behaviors which are damaging to the organization and its stakeholders.
The employees of the organization, also has to follow the same ethical principles. They assert that to assume that the primary function of a business is to serve its client base in an ethical manner is idealistic and that the nature of a free economy dictates that ethics must take a back seat to increasing profits.
Although not all strategic decisions can be played out in a public forum for competitive and confidentiality reasons, the outcomes of those decisions (changes to organizational structure, design, resource allocation, product direction etc.) should be communicated as thoroughly as possible including the rationale and criteria behind the decision to help employees understand the decision and make a better connection between the firm’s espoused values and those used to make important decisions.
Unfortunately too many people perceive that ethics only need to be presented to “bad” companies that need to reform. The types of personal goals an individual aspires to and the manner in which these goals are pursued have significant impact on that individual’s behavior in an organization.
Large organizations put more interest on public, the managers are eager to have public opinion and always seek to maintain a proper image of company in their minds. We at FRP Development conduct business in strict compliance with both the letter and spirit of the law and with an unwavering commitment to the highest standards of business and personal ethics.