Ethical behavior is the best long-term business strategy for a company—a view that has become increasingly accepted during the last few year. We also engage with governments directly and indirectly through various business and industry associations. Nigel: But an exclusive concern with profits seems antithetical to ethics; it doesn’t sound like social responsibility to me. Otherwise ethical people could go into business only with a high risk of failure.
While applied ethicists may at times succeed in making compelling philosophical arguments for increased personal and corporate responsibility and government regulation, these can often be rather abstract. The business executive has a special obligation to owners, but it is not grounded in libertarian principles.
In this course, Bob McGannon helps you understand what business ethics is and why it is critical to the success of your business (especially in the era of social media). Ethics is the discipline that examines one’s moral standards or the moral standards of a society.
Nigel: On the other hand the old lady would still get across the road, and in the coffee case the coffee would be produced under fairer conditions. Every person who touches a customer is doing a sales job, and by definition must carry the values of the company.
The Avanade Board of Directors has established the Ethics and Compliance program, which is directed by leaders from across the business who serve on the Ethics and Compliance Council. As part of its regular review of our compliance and ethics policies, our Board of Directors adopted a revised Code of Business Ethics, which became effective on May 27, 2014.