Business ethics and values are linked in how good ethics can be applied to achieving a company’s values. Corporate values are more mandatory for employees than business ethics, and an example of this link can be seen in punctuality and resource use. Ethical application of organizational values means exercising restraint and better management of resources.
The relationship between business ethics and values refers to how good ethics can be applied to achieving a company’s values. While business ethics is more concerned with issues of morality and integrity, corporate values are more focused on the company’s ideals or how it wants to conduct its business. In a sense, corporate values are more mandatory for employees than business ethics due to the fact that ethics are more innate while corporate values are more defined and usually incorporated into the business goals of an organization.
An example of the link between business ethics and values can be seen in the area of punctuality. Companies usually have a set time when employees are expected to resume their duties for the day. This could come in the form of shifts or in the form of a more permanent work schedule. The relationship between business ethics and values lies in how the employees in question stick to the calendar. A clear demonstration of this can be seen in a situation where employees are expected to enter their arrival time manually, rather than through an automated system that synchronizes them to the exact arrival time. From an ethical point of view, they should fill in the exact arrival time, even late, although some employees may try to take advantage of the organization by regressing to the backward arrival time.
Another area for exploring the link between ethics and corporate values is the use of resources in an organization by employees. If one of the company’s values is to use all of its resources to the maximum, a case where the top management of the organization would award huge bonuses to themselves could be considered both unethically greedy and contrary to the values of the organization . Such a scenario could even get worse if the company fails to make an appreciable profit for that quarter of business, yet the managers still award themselves outlandish bonuses to the detriment of shareholders and other employees. The ethical application of the value of the organization would mean that the managers of the company would exercise greater restraint and better management of the company’s resources, for the good of the organization and not for their personal satisfaction.
Protect your devices with Threat Protection by NordVPN
