PRINCIPLES OF BUSINESS ETHICS-DINESH

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PRINCIPLES OF BUSINESS ETHICS :

PRINCIPLES OF BUSINESS ETHICS BY DINESH RAMI REDDY.M.R

INTRODUCTION::

INTRODUCTION : One of the most important attributes for small business success, is the distinguishing quality of practicing admirable business ethics. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company's culture and can mean the difference between success and failure.

INTRODUCTION ::

INTRODUCTION : The Director of IBE, Philippa Foster Black, stated: "Not only is ethical behaviour in business life the right thing to do in principle, we have shown that it pays off in financial returns." These findings deserve to be considered as an important insight for companies striving for long-term success and growth.

PRINCIPLES OF BUSINESS ETHICS::

PRINCIPLES OF BUSINESS ETHICS : 1.BE TRUSTFUL : Recognize customers want to do business with a company they can trust; when trust is at the core of a company, it's easy to recognize. Trust defined, is assured reliance on the character, ability, strength, and truth of a business.

PRINCIPLES OF BUSINESS ETHICS ::

PRINCIPLES OF BUSINESS ETHICS : 2.KEEP AN OPEN MIND : For continuous improvement of a company, the leader of an organization must be open to new ideas. Ask for opinions and feedback from both customers and team members and your company will continue to grow.

PRINCIPLES OF BUSINESS ETHICS ::

PRINCIPLES OF BUSINESS ETHICS : 3.MEET OBLIGATIONS : Regardless of the circumstances, do everything in your power to gain the trust of past customer's and clients, particularly if something has gone awry. Reclaim any lost business by honoring all commitments and obligations .

PRINCIPLES OF BUSINESS ETHICS ::

PRINCIPLES OF BUSINESS ETHICS : 4.HAVE CLEAR DOCUMENTS : : Re-evaluate all print materials including small business advertising, brochures, and other business documents making sure they are clear, precise and professional. Most important, make sure they do not misrepresent or misinterpret.

PRINCIPLES OF BUSINESS ETHICS ::

PRINCIPLES OF BUSINESS ETHICS : 5.BECOME COMMUNITY INVOLVED: Remain involved in community-related issues and activities, thereby demonstrating that your business is a responsible community contributor. In other words, stay involved.

PRINCIPLES OF BUSINESS ETHICS ::

PRINCIPLES OF BUSINESS ETHICS : 6.MAINTAIN ACCOUNTING CONTROL: Take a hands-on approach to accounting and record keeping, not only as a means of gaining a better feel for the progress of your company, but as a resource for any "questionable " activities. Gaining control of accounting and record keeping allows you to end any dubious activities promptly.

PRINCIPLES OF BUSINESS ETHICS ::

PRINCIPLES OF BUSINESS ETHICS : 7.BE RESPECTFUL: Treat others with the utmost of respect. Regardless of differences, positions, titles, ages, or other types of distinctions, always treat others with professional respect and courtesy .

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