September 21

Business Ethics

Isabella Dawson
Core Spirit member since Sep 21, 2021
Reading time 2 minutes

A modern business person is required to know all the norms and rules of business ethics. And not only know, but also apply them in practice.

So, what is business ethics?

Business ethics is a set of rules, ethical standards observed by business people in a corporate environment. Such ethics affects not only relationships within the company, but also outside it. In particular, its rules are followed when communicating with business partners.

How a businessman behaves in business communication, how he establishes contacts, how he makes decisions - all this forms the concept of business behavior, which is also influenced by respect, which includes:

  • Politeness;
  • Compliance with the hierarchy;
  • A smart combination of parity and priority.

There is a thing called "norms of business ethics". They are not influenced by national, cultural and other peculiarities. These include:

  • Punctuality.

It predetermines the ability to do everything on time, to calculate your time. A punctual businessman is someone you can rely on. Professionals know how to save not only their time but also someone else's.

  • Ability to keep secrets.

Respect for confidentiality is one of the main and indisputable rules of the business world. And this is not only about some business details. It is considered a bad tone to discuss even the personal lives of colleagues at work.

  • The ability to think about yourself and others.

In the business sphere, it's not good to show selfishness, disrespect, and intolerance. Arrogance, which must be distinguished from self-confidence, is unacceptable.

  • Compliance with business etiquette in terms of behavior, appearance.

Knowledge of the norms of business etiquette on the formation of appearance allows you to ensure compliance with the norms of business ethics.

  • Literacy and professionalism.

The ability to correctly, competently build your speech, understandably express yourself through other forms of communication, as well as the availability of professional knowledge that relates to business - these are mandatory components that should be present in the life of a modern business person.

Any leader should strive to transform the company entrusted to him into a cohesive team that adheres to high moral standards of communication. It is important for a good boss that his subordinates not only comply with ethical standards but also do not feel the slightest discomfort in communication.

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