There is much talk today about ethics in business – as there should be, but there should be more than talk; there should be a high moral code for all executives who are responsible to both their customers and their shareholders. Since this type of marketing excessively relies on making social contacts with others, people who are averse of socializing might not make any money at all. Companies with strong track records of ethical, responsible behavior have the most to gain from a well thought out system to assure the cultivating of ethical corporate culture.
If the organization uses some unethical means to achieve its goal that is unaccepted by its stakeholders will give rise to ethical issues under business goal and personal goal. Once retooled” in management, the moral philosophers could apply their sophisticated frameworks to the day-to-day moral problems that managers face.
At the same time, the business has a certain social responsibility. All employees of POSCO Group must strictly comply with the principles of ethics and practical guidelines set by this code of ethics in all aspects of business. Ethics refers to a code of conduct that guides an individual in dealing with others.
The task of the business ethicist, Dunfee writes in Business Ethics Quarterly, is first to identify and make explicit these diverse ethical norms and then to evaluate them against certain universal, but minimalist, moral principles. However, in business, there are often conflicts between ethical behavior and business success.
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.