Hello Readers, today l want to talk about ethics in business 

Do you know that business ethics are more important than ever before in maintaining a sustainable and profitable business? It is no longer acceptable for a business to operate in an entirely self-interested manner, having no regard to the impact it has on the local community. In the modern commercial environment there is a strong emphasis on businesses meeting their compliance and ethical obligations. Trading in an ethical and socially conscious manner will benefit businesses of all sizes on a number of levels.

One of the most important ethical principles behind leadership is commitment. First and foremost, this means a commitment to the well-being and advancement of the organization. This often seems cold and detached, as profits and expansion can eclipse personal emotional needs. However, to avoid contradictions, you must commit, in your capacity as a leader, to sound business practices first. Furthermore, building on a foundation of ethical behaviour helps create long-lasting positive effects for the organization, including the ability to attract and retain highly talented individuals thus, this eliminates complications with conflicts of interest, owing favours to others gossips among staff and your own ego. Putting the business first is actually an effective way to be fair and unbiased in your role while maximizing success.

Secondly, there is a dynamic relationship between integrity and ethics, hence l would say that integrity is rooted in fairness, and even when practiced in difficult situations, it can create long-term benefits for your organization. Integrity means being truthful with everyone involved and doing what you say you are going to do. If you need to let someone go, do it directly rather than harming them and the organization by putting them off. If you need to break bad news to investors, do it immediately rather than risking their hostility and a total collapse of funding when the truth finally emerges. Leading with integrity means your actions match your words and you take full responsibility for your actions.

 In conclusion, Ethical Leadership in the organization is a commitment to the well-being and advancement of the organization and the employees. When management is leading an organization in an ethical manner, employees follow in those footsteps, thereby, increasing the productivity and overall employee morale.

The benefits of Business Ethics cannot be over emphasized, it goes beyond employee loyalty and morale or the strength of a management team bond to the profitability of the organization. It is my believe that with consistent ethical behaviour the organization will have more increasing positive public image and important potential investors & shareholders. 

Extracts from  Sponsored LinkReferred Academic Journalwww.iiste.org  & Investopedia

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Beatrice Egbuna is an experienced Broadcast Technologist with a strong background in managing broadcast equipment and sound technology. She has played a leading role in building and installing various radio studios, as well as maintaining and repairing both analogue and digital equipment at Voice of Nigeria (VON) studios. Egbuna holds a degree in Mass Communication from the University of Lagos (UNILAG) and the Lagos State University (LASU), and has received training in Audio Engineering from the United States, Germany and the United Kingdom. She also holds certificates in Senior Management Programmes from the Lagos Business School (LBS) and the Administrative Staff College of Nigeria (ASCON), as well as a certificate in Entrepreneurial Management from the Enterprise Development Centre (EDC) of the Pan-Atlantic University (PAU). Prior to joining EDC in 2011, Beatrice worked in various capacities at the Federal Radio Corporation of Nigeria (FRCN) and VON before retiring in 2010 as Deputy Director Programming. She has also worked as a Consultant/Mentor on projects like "Road-to-Growth" powered by Cherie Blair Foundation and Access Bank Plc. Egbuna produced and presented "Enterprise Stories", a live radio program on Inspiration 92.3 FM, which brings entrepreneurs together every Tuesday at 3 pm to share their success stories and inspire startup developers to follow their dreams. She also produced "The Economy and You," a program that aired for about four years on Rhythm 93.7 FM, which brought policymakers, technocrats and successful business executives to discuss government policies and their impact on the economy and businesses in Nigeria. Currently, Beatrice Egbuna is the Principal Consultant at Maluwe Capacity Builders International, Nigeria, where she provides real-time feedback and actionable advice that adds value to her clients. She is also a mentor and faculty member at the Enterprise Development Centre of the Pan-Atlantic University, and a BDSP Consultant on the 5-year (20??-20??) MASTERCARD TRANSFORMING NIGERIA YOUTH PROJECT (TNY). Egbuna is passionate about developing the entrepreneurship ecosystem, providing business support and advisory services to entrepreneurs within and outside the EDC business network for over a decade. She is a certified IFC/LPI Trainer, certified SMEDAN Business Development Service Provider (BDSP), life coach, work-life balance advocate/coordinator, and marriage counsellor who helps employees/career/business people find fulfilment in the workplace, balance in their daily activities, and solutions to their marital challenges. To reach Beatrice Egbuna she can be contacted through her email addresses: bettyegbuna@yahoo.com and maluwehelp@gmail.com. She also has a website, https://momentwithbetty.com.

2 Comments

  • Amaka, August 3, 2020 @ 3:15 pm Reply

    Ethics in business can never be over-emphasized Thanks Ma for this!

  • Charles Chinedum, August 16, 2020 @ 1:19 pm Reply

    Absolutely correct. Thanks for reminding us.

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