ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Business Ethics in Action: Seeking Excellence in Organizations

Updated on May 10, 2020


Jordan Belfort once said “There’s no way to succeed in business without the highest ethical standards.”

Yes, a business man or an employee should always act ethically to differentiate the right and wrong decisions during various situations. It takes years to build reputation of business and just few minutes to ruin it. So its not hard to make decisions one’s you know what’s your values are. The strategies used for moral conduct differs for various organizations. Organizational values are pointers used to guarantee that an organization is in good conduct. The establishment of ethical qualities is profoundly grounded inside the interior culture of the organization. Organizational values can emphatically or adversely sway efficiency, confidence, productivity, morale, and so on..

Each organization ought to have its own ethical standards and rules. If a business follows the path of ethics, it has a greater advantage than we can envision. It will even aid a company to attract employees, customers and investors. Reputation is one of the most significant assets that an organization can possess. It is extremely difficult to assemble a decent reputation and it may take years and years of hard work. And once we loose in the battle of business it is difficult to recover the underlying reputation. A firm should develop a decent reputation with reliable ethical conduct. Potential investors and shareholders are likely to be pulled in to the organizations with ethical rules and regulations. This will help to keep the company’s share prices high in the market even during the time of vicious competition.

Every company will have open and unspoken rules about how the employees should act. This comprise of the behavior of the personnel towards other employees, customers, and to the public. These guidelines can differ for different organizations. It is the obligation of the human resource department to ensure that workers are ethical within the organization. Strengthening the conduct of the work force is a simple assignment. Proffering of grants and acknowledgment is perhaps the best strategy to urge the workers to have a moral conduct. To make a solid moral culture in an organization there ought to be a consistent communication about the ethical behavior among the human Assets in the organization. It is the obligation of the organization to construct and create ethical skills among the members rather than simply asserting the ideal practices.

Business ethics assists with halting the acts of neglect and to shield society from malicious impacts. It fabricates a solid business condition for everybody. Business ethics are basic to improve the client's certainty about the quality, utility, dependability, amount, cost, and so on. The customers have more trust and confidence with those who comply moral business rules or standards. They feel confident that such businessmen will not cheat them. Ethics ties businessmen to keep up trust by offering quality products and services to customers. Business ethics are mandatory for the endurance of any business. The businessmen who do not tail it will only have transitory achievement, but they are sure to fail in the long run. In the wake of understanding that he is being cheated, the customer will be hesitant to purchase products or services from that businessman. He will also report to others that it is not safe to buy from that businessman. This will bring about the breakdown of the business. Business ethics are required to secure the enthusiasm of employees, investors, contenders, vendors, providers, clients, government, and so on
In the current situation, competition is a part of our lives and business world is no exception to this. Competition is indispensable because it inculcates creativity and innovation, competitive pricing, affordable services, corporate responsibility, customer satisfaction, and so forth in the business. The opposition must be solid but it ought not to be forceful, wild or vicious. Albert Schweitzer has quoted that “The first step in the evolution of ethics is a sense of solidarity with other human beings”. So a business must regard its rivals as individual creatures and not as adversary adversaries. A business should never utilize unscrupulous methods like provocative commercials to devastate the reputation of its rivals.

Today, customers are very much aware of their privileges. Presently, they are progressively joined together and composed, and consequently they can't be cheated by the business undertakings. They take activities against those business people who are enjoying awful strategic approaches. They are prepared to blacklist low quality, untrustworthy, destructive, extravagant, and copy products. They even document claims against unsatisfactory organizations and request huge remunerations and legitimate activity. Albert Camus has once cited that “A man without ethics is a wild beast loosened upon his world”. Accordingly without following moral guidelines regardless of how little or large a business might be, it just can't withstand its business.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)