Chapter 2 – Business Ethics & Civility

Ethics consists of the standards of behavior to which we hold ourselves in our personal and professional lives. It establishes the levels of honesty, empathy, and trustworthiness and other virtues by which we hope to identify our personal behavior and our public reputation. In our personal lives, our ethics sets norms for the ways in which we interact with family and friends. In our professional lives, ethics guides our interactions with customers, clients, colleagues, employees, and shareholders affected by our business practices.

Whatever hopes you have for your future, you almost certainly want to be successful in whatever career you choose. But what does success mean to you, and how will you know you have achieved it? Will you measure it in terms of wealth, status, power, or recognition? Before blindly embarking on a quest to achieve these goals, which society considers important, stop and think about what a successful career means to you personally. Does it include a blameless reputation, colleagues whose good opinion you value, and the ability to think well of yourself? How might ethics guide your decision-making and contribute to your achievement of these goals?

Being successful at work consist of much more than simply earning money and promotions. It also means treating our employees, customers, and clients with honesty and respect. It comes from the sense of pride we feel about engaging in honest transactions, not just because the law demands it but because we demand it of ourselves. It may lie in knowing the profit we make does not come from shortchanging others. Thus, business ethics guides the conduct by which companies and their agents abide by the law and respect the rights of their stakeholders, particularly their customers, clients, employees, and the surrounding community and environment. Ethical business conduct permits us to sleep well at night.


Source:

Business Ethics: https://openstax.org/details/books/business-ethics?Book%20details
Publish Date: Sep 24, 2018
Print: ISBN-10: 1-947172-56-5, ISBN-13: 978-1-947172-56-2
Digital: ISBN-10: 1-947172-57-3, ISBN-13: 978-1-947172-57-9
License:

Business Ethics by OpenStax is licensed under Creative Commons Attribution License v4.0

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Foundations of Management Information Systems by Emese Felvegi, OpenStax, University of Minnesota Libraries, and Saylor Academy is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.