Question

As a founding entrepreneur of a small enterprise, you plan to establish and maintain ethical standards at your company. In addition to developing a code of ethics, what approaches will you adopt?

Answer 1

In addition of developing and maintaining ethical code of conduct, Ethics must be embedded in business models, organizational strategy and decision making processes. Senior managers and business leaders must demonstrate an ethical approach. Middle and junior managers will be rewarded for taking an ethical stance. Punish workers as necessary to ensure everyone knows there are consequences for unethical behavior. On-executive directors should act as custodians of sustainability. Managers should continuously look at ways in which an organization can benefit from an ethical approach and not only on cost cutting. Ensure privacy for whistleblowers and people who file complaints