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Types of Business Ethics

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killeenchamber
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Types of Business Ethics

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  1. Typesof BusinessEthics Business ethics refers to the prescribed code of conduct or a set of guidelines for businesses. The discipline emphasizes sustainability, customer loyalty, brand image, and employee retention. Types of business ethics: 01 Corporate Responsibility Responsibility 02 Social 03 Personal Responsibility It safeguards the interest of all the internal and external parties associated with the firm including the employees, customers, and shareholders. It emphasizes giving back to society, motivating businesses to work towards environmental protection, and social causes. Employees are expected to act responsibly with honesty, diligence, punctuality, and willingness to perform their duties. 04 Technology Ethics 05 Fairness 06 Trustworthiness and Transparency They include customer-privacy, personal information, and intellectual property fair practices. The firm has to ensure fair chances of growth and promotion for all irrespective of personal beliefs and biases. Businesses should maintain transparency in business practices and financial reports. Greater Killeen Chamber of Commerce www.killeenchamber.com One Santa Fe Plaza Drive PO Box 548 Killeen, TX 76541 Phone: (254) 526 - 9551

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