Prompt 10: Code of Ethics in The Business world

       

        Starting and maintaining a business is a hard task, there are many people that are involved in a company. Each company creates a code of ethics that their employees have to follow. 

According to Chron “A code of ethics, also called a code of conduct or ethical code, sets out the company's values, ethics, objective and responsibilities. A well-written code of ethics should also give guidance to employees on how to deal with certain ethical situations. Every code of ethics is different and should reflect the company's ethos, values and business style. Some codes are short, setting out only general guidelines, and others are large manuals, encompassing a huge variety of situations.”

Even though each company creates a different set of rules, most of them have the same premise. Employees must be respectful, have integrity, work hard and be accountable for their actions. The core values that companies enforce on their employees are also recognizable to other people outside of the business field. Growing up schools and parents tried to enforce the same values.

Even though each company has a code of ethics people are suppose to follow, sometimes people forget or ignore those values, there are multiple reasons why people would do that, for example people can become too greedy. Things like false advertising falsifying records, and selling insider information are all examples that would be going against code of ethics.

For the most part companies do follow certain values, but there have been cases where a company tried to work around them, Hyundai and Kia were caught misrepresenting the gas milage of a few different models of their cars. Even though there are many companies that follow the code of ethics there are some that because they do not it can put distrust in the mind on the consumers. Which can cause a generalization of business people that make them seem so greedy for wealth and success that they will go to any length to acquire that.

By: Jordan Liddle

"Examples of a Code of Ethics for Business." Small Business. Web. 8 Nov. 2015.

Aruna Viswanatha, Julia Edwards, and Ben Klayman. "Hyundai And Kia Have To Pay $100 Million To The Government For Misrepresenting Gas Mileage." Business Insider. Business Insider, Inc, 3 Nov. 2014. Web. 8 Nov. 2015.