According to an article by Strauss (2016) Ethisphere Institute, in its efforts to reward companies with ethical practices also helps provide significant advice and a model that can act as a benchmark in showcasing how entities should conduct themselves. The article also presents the most ethical companies and states the methodology used in vetting organizational ethics based on categories like leadership and governance, corporate citizenship and responsibility, and compliance programs. The companies’ ethical track record, reputation and litigation history is considered. As such, the institute pushes for improved ethical conduct in businesses which can be attributed to numerous benefits including increased productivity and profitability.
Numerous benefits are attributed to a strong ethical culture. They include an increment in teamwork among the workers by helping in the alignment of business values and those of workers. Making of ethical choices also helps cultivate a strong public image alongside encouraging a culture of transparency, accountability and making decisions based on ethics. Moreover, it can also initiate change successfully within a business and helps in guiding in conflict management (Wesarat, Sharif & Majid, 2017). On the other hand, strong ethical culture is also of the essence in the safeguarding of assets. Subsequently, workers who abide by the workplace environment ethics are also able to respect and protect the firm’s assets. Ensuring that the employees work in an atmosphere with strong ethics and integrity results in an increment of workers’ pride and putting them off from stealing equipment or supplies. In addition, the devotion of resources to the development of procedures and policies that foster ethical actions aids in the construction of a positive corporate culture that in return enhances productivity.
References
Strauss, K. (2016). The World's Most Ethical Companies 2016. Retrieved from https://www.forbes.com/sites/karstenstrauss/2016/03/09/the-worlds-most-ethical-companies-2016/#60760b6f7cdf
Wesarat, P., Sharif, Y., " Majid, A. (2017). Role of Organizational Ethics in Sustainable Development: A Conceptual Framework. International Journal Sustainable Future for Human Security, 5(1), 67-76.
