The Benefits and Challenges of Documenting Desired Ethical Behaviour within the Workplace
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 8
Abstract
Abstract: In the 21st century, global business has emerged as a powerful and foremost driver of economic growth. Business supply mass demand for both consumer and industrial goods and services. The last few decades have also witnessed an increasingly rapid rush for greater productivity and profitability unparalleled with any other time in history. The main metric of measuring business performance is thus profit. However, in this day and age, business ethics has been sidelined by many businesses owners and their employees. For many businesses, the ends justify the means, and unethical practices are often looked upon as merely a business decision that needs to be made to meet sales targets or achieve organisational results. Thus for many ethics is overlooked on a daily basis in favour of other worldly ideals. The practice of business documentation may however hold a key to reviving ethical business practice. With an increasingly rapid trend towards documentation and Quality Assurance in the business world, the development of a document pertaining to ethical business practice might just be a feasible solution to introducing business ethics as an important metric of performance in line with productivity. However, in order for this to be achieved, the business organisation must carefully avoid the challenging obstacles the might hamper their attempts to develop an ethics charter for their organisation. However, if they are successful, the rewards might greatly outweigh the costs. Keywords: economic growth, global business, productivity, profitability
Authors and Affiliations
Nasrin Sultana Siddiqua
Keywords
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