Professional Code of Ethics Analysis

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Table of Contents

Introduction
Researching a Professional Code of Ethics
Implications of Professional Codes of Ethics
Ethics and Decision-Making
Ethics in Specific Professions
Conclusion
Reference

Introduction

Professional ethics reflects the peculiarities of moral consciousness, behavior, and relationships of people due to the specifics of professional activity. Professional ethics defines ethical principles and norms of peoples behavior within a specific type of work activity.

Researching a Professional Code of Ethics

A civilized businessmans moral and ethical code includes the principles that should guide every entrepreneur who strives to maintain a successful business and mutual respect with other entrepreneurs. Basic ethical principles of behavior in the process of entrepreneurial activity (Matthews, 2002):

Be honest and truthful. Openness is the foundation of successful entrepreneurship and the key to sustainable and harmonious business relationships.
Love and respect the person. People feel the trust of their supervisor and try to use all their abilities and knowledge to achieve excellent results.
Respect the right of private property. Confidence in the observance of the right of the private property provides a free entrepreneur with the opportunity to work successfully and beneficially for the benefit of his state.

Implications of Professional Codes of Ethics

The ethics code declares a higher level of business culture, assumes compliance with high ideological principles and norms, and promotes a precise positioning of the company concerning its customers and employees (Matthews, 2002). Thus, the code, being a corporate PR tool, increases the investment attractiveness of the company and the businessman.

Ethics and Decision-Making

Observing the ethical rules of doing business, a businessman provides himself with confidence not only in the successful future of the business but also creates a strong reputation as a decent person (Matthews, 2002). Consequently, when making decisions, this ethical code affects two factors: the relationship with colleagues and partners and the provision of high-quality working conditions for employees.

Ethics in Specific Professions

Business people who are characterized by ignorance in matters of morality see their clients as inferior participants in commodity exchange but only as a source of profit. Thus, adhering to the ethical code allows professionals to meet the expectations of partners and customers without fear of business failure.

Conclusion

Having analyzed the developed principles of ethics, the desire to distinguish in modern representatives of entrepreneurship both the necessary business qualities and the qualities of a highly moral and highly intelligent person can be noted.

Reference

Matthews, J. (2002). Eight elements of an ethical organization. Kauffman: Enterpreneurs. Web.

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