Understanding Business Ethics Management at Libyan International University
Understanding the
scope of Business
Ethics Management
Weaam Fadel
Student ID: 2870
Email:weaam_2870@limu.edu.ly
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Table of Content
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Essentiality of business ethics
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Employee management ethics
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Foundation of managerial ethics
•
Elements of managerial ethics
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Conclusion
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References
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Essentiality of business ethics
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Employee management ethics starts with
hiring methods and ends with firing practices
within the organization. During employment all
matters pertaining to the overall treatment of
employees is relevant to the proper conduct of
the business.
Ethical hiring practice entails assessing each
candidate according to his or her capabilities
and potential value to the company, rather
than discriminatory or other superficial
considerations
.
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The foundation of Managerial Ethics
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Any business, to be successful, it
needs to have a strong foundation of
managerial ethics. These managerial
ethics are built upon the four key
elements, which are:
Training in ethics
A strong code of
ethics
Confidential
reporting system
Ethics coach
1. Training in ethics
Many companies have their own in-
house training departments. These
departments can provide the
necessary requisite training
required by employees
6
2. Strong code of ethics
This means that there should be a
code which every employee can follow
and strive on
7
3. Confidential reporting system
This helps employees
report any type of
misconduct or violation at
the workplace
8
4. Ethics coach
Just as the employees require trying
in ethics there should also be a
person who’s friendly and will be
available for any issues related to
ethics
9
Conclusion
To sum up, business ethics management is the main
pathway to a fair and triumphant business. Ethics is a
vital component in running a business. Without
business ethics the business will not run efficiently,
successfully and will most likely fail.
10
References
Retrieved from:
•
3 years ago Editorial, Editorial, Editorial See author's posts, Posts, S., 10 months ago Editorial, 2 years ago
mibrand Magazine, . . . *, N. (2019, February 26). Six Scopes of Ethics in Business Management. Retrieved
December 03, 2020, from https://mibrand.my/six-scopes-of-ethics-in-business-management/3 years ago Editorial,
Editorial, Editorial See author's posts, Posts, S., 10 months ago Editorial, 2 years ago mibrand Magazine, . . . *, N.
(2019, February 26). Six Scopes of Ethics in Business Management. Retrieved December 03, 2020, from
https://mibrand.my/six-scopes-of-ethics-in-business-management/
•
Managerial Ethics: Key Elements of Business Ethics, Importance, Videos. (2018, December 04). Retrieved
December 03, 2020, from https://www.toppr.com/guides/business-communication-and-ethics/business-
ethics/essential-elements-of-business-ethics/
11
Thank you
12
Explore the essentiality of business ethics, employee management ethics, and the foundation of managerial ethics, crucial for a successful business. Learn about ethical hiring practices, training in ethics, strong codes of ethics, and more at the Faculty of Business Administration, Libyan International University.
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Presentation Transcript
Libyan International University Faculty of Business Administration Understanding the scope of Business Ethics Management Weaam Fadel Student ID: 2870 Email: weaam_2870@limu.edu.ly 1
Table of Content Essentiality of business ethics Employee management ethics Foundation of managerial ethics Elements of managerial ethics Conclusion References 2
Essentiality of business ethics Businesses are run efficiently when principles and rules are set. These rules help the businesses to know how to act in difficult scenarios. Ethics are therefore the foundation for any business. 3
Employee Management Ethics Employee management ethics starts with hiring methods and ends with firing practices within the organization. During employment all matters pertaining to the overall treatment of employees is relevant to the proper conduct of the business. Ethical hiring practice entails assessing each candidate according to his or her capabilities and potential value to the company, rather than discriminatory or other superficial considerations. 4
The foundation of Managerial Ethics Any business, to be successful, it needs to have a strong foundation of managerial ethics. These managerial ethics are built upon the four key elements, which are: A strong code of ethics Training in ethics Confidential reporting system Ethics coach 5
1. Training in ethics Many companies have their own in- house training departments. These departments can provide the necessary requisite training required by employees 6
2. Strong code of ethics This means that there should be a code which every employee can follow and strive on 7
3. Confidential reporting system This helps employees report any type of misconduct or violation at the workplace 8
4. Ethics coach Just as the employees require trying in ethics there should also be a person who s friendly and will be available for any issues related to ethics 9
Conclusion To sum up, business ethics management is the main pathway to a fair and triumphant business. Ethics is a vital component in running a business. Without business ethics the business will not run efficiently, successfully and will most likely fail. 10
References Retrieved from: 3 years ago Editorial, Editorial, Editorial See author's posts, Posts, S., 10 months ago Editorial, 2 years ago mibrand Magazine, . . . *, N. (2019, February 26). Six Scopes of Ethics in Business Management. Retrieved December 03, 2020, from https://mibrand.my/six-scopes-of-ethics-in-business- management/3 years ago Editorial, Editorial, Editorial See author's posts, Posts, S., 10 months ago Editorial, 2 years ago mibrand Magazine, . . . *, N. (2019, February 26). Six Scopes of Ethics in Business Management. Retrieved December 03, 2020, from https://mibrand.my/six-scopes-of-ethics-in- business-management/ Managerial Ethics: Key Elements of Business Ethics, Importance, Videos. (2018, December 04). Retrieved December 03, 2020, from https://www.toppr.com/guides/business-communication-and-ethics/business- ethics/essential-elements-of-business-ethics/ 11
Thank you 12
