Please enable JavaScript.
Coggle requires JavaScript to display documents.
Six Characteristics of an Ethical Business - Coggle Diagram
Six Characteristics of an Ethical Business
Strong, Ethical Leadership
leaders must demonstrate ethical practices in any situation
The real challange is to decide properly between profit and ethical responibility
Core Value Statement
the core value statement describes the mission of a company
An ethical business lives by its core value statement
Many businesses also do have a code of conduct, wich is the guideline for employees
Integrity and Fairness
In an ethical business integrity and fairness are very important
An ethical business treats their employees fairly and adheres to laws and regulations
Respect for Employees and Customers
goes hand in hand with ethics
respects its employees by valuing opinions and treating each employee equaly
Loyal Relationships with Employees and Customers
solid relations are importants for ethical businesses
are beneficial and both parties reap benefits
businesses stay loyal to its partnerships even in challenging times
Concern for People and Environment
has concerns for anyone and anything impacted by the business
decision made by the business is based on the effect it may have on them