Essay on Ethics Development

Submitted By law3614
Words: 440
Pages: 2

Corporations that conduct themselves ethically have been proven to attract better employees and enjoy higher levels of customer satisfaction and loyalty, which over time leads to a better bottom line. Ethics are needed in an organization because people care about ethics. Individuals want to be treated fairly. Establishing a code of ethics or guidelines for behavior lets everyone know what to expect, not only in terms of how they should conduct themselves but also in terms of how they can expect to be treated. Even though the idea of a corporate code of ethics can be traced back to the 1960s, it is only in the last half of the 20th century that big business, higher education, and government entities have adopted a written code of ethics as a fundamental step in establishing a managerial structure . Corporations that conduct themselves ethically have been proven to attract better employees and enjoy higher levels of customer satisfaction and loyalty, which over time leads to a better bottom line. Personal ethics is a category of philosophy that determines what an individual believes about morality and right and wrong. This is usually distinguished from business ethics or legal ethics. These branches of ethics come from outside organizations or governments, not the individual's conscience. These branches of ethics occasionally overlap. Personal ethics can affect all areas of life, including family, finances and relationships. A personal ethic is a moral framework for decision making that allows persons to refine guidelines, judgments, and actions. The many unwritten codes of conduct that guide human behavior arise from family, religious training, professional affiliations and allegiances, and personal code of moral conduct. The hallmark of a profession is code of ethics that distinguishes acceptable for unacceptable. Membership in a professional association with a code of ethics an…