How Entrepreneurs Build Ethics in Business

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Ethical businesses start with value-driven foundations. Many business ethics scholars believe that ethical businesses begin with entrepreneurs, CEOs and leaders who have established ethics and strong moral compasses. Businesses founded and run by ethical people tend towards

ethical organizational cultures, which in turn build an ethical business. Businesses that were established without an ethical culture can be redesigned to include ethics as a core system, but the ethical initiatives still need to start with leadership and the organization's culture. Here are guides:

1. Define your attitude:
Entrepreneurs building an ethical business must first consider their own attitudes towards business and ethics. Unethical attitudes must be adjusted. A good place to start assessment might be the Better Business Bureau (BBB). The bureau's standards are seen by many as the basic building blocks of an ethical business and the organization's endorsement is often considered the hallmark of a well-run company. Some BBB values to consider include trustworthiness, honesty, honor, safety and integrity.

2. Decide what ethical behaviors would be of value to the business:
Certain ethical behaviors will become the primary building blocks of your ethical business, while other behaviors will be considerations instead of central values. Think about your routine ethical behaviors and what behaviors you'd like your employees to demonstrate and promote. Ethical behaviors could include the quest for knowledge, self-control, fairness, faith (in oneself, in others, in spirituality, etc.), kindness and courage.

3. Put you values into action:
Center many of your business activities around the ethical behaviors that you value. You could use knowledge to innovate, self-control to maintaining objectivity, kindness to encourage others or courage to make correct choices.

4. Create a company code of conduct:
Codes of conduct describe how you'd like employees to act, define acceptable behavior and draw the lines for enactable behavior. The code of conduct puts your attitude, values, behaviors and actions into words and direction.

5. Continue to increase ethical behavior:
The establishing ideas and company code of conduct are the foundation of an ethical business, but ethical organizations must continue to instill values and strive to be an ethical example.

Read 422 times Last modified on Friday, 08 May 2015 09:06
Kolade Akintayo

He is the Co-founder/Creative Director of Wizzleworks Media and while founders are focused on building and repositioning RE brands through innovative thinking, Mr. Akintayo oversees the company's creative media arsenal. This is why Wizzleworks Media has emerged as the premium provider of RE Media services to the rapidly growing RE and hospitality industries in Nigeria.

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