Why do I believe good PR and business ethics are inextricably linked? Torres, Nicole L. “Ethically Speaking: What are today’s students learning about business ethics.” Entrepreneur. This course aims to develop your understanding of business ethics and how organisations follow the code of ethics in their daily operations. Any deviation from the moral code of conduct or abusing the ethics can result in dire consequences for him, such as suspension of license, termination of right to practice, and severe penalties.
Examples like Texas Instruments show how a new paradigm is developing in organizations regarding the managerial focus on ethical behavior. Violations of ethics important in business, can lead to expelling the person from the organization and black listing him.
Top executives need to use their positions in the company to insist on and promote ethical conduct. Business for Social Responsibility is a global network of companies specializing in business ethics that provide consulting and research services to help companies hone socially conscious business strategies.
Rather, all stakeholders must be seen as equally important for the organization to avoid a narrow economic focus which may lead to lapses in ethical behavior which in the end, lead to severe economic and legal consequences for the organization and its stakeholders (p. 4).
However, a primary goal of transparency in performance management is to achieve visibility, alignment, and accountability across the organization’s goals and objectives. Much like managers trying to reengineer their companies’ business processes, they have called for fundamental changes in the way the enterprise of business ethics is conducted.