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Ethics In Business Management

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The role of a manager in modern business requires not just good leadership and strategic skills, but mindfulness of the legal and ethical dimensions of each decision that you make. If you want to pursue an education that will prepare you for management positions, it’s important that you get proper training in the ethical aspects of the job. Let’s explore.

The Growing Importance of Business Ethics

Growing pressure for businesses to demonstrate a commitment to Corporate Social Responsibility (CSR) policies means consumers expect businesses to do more than just the bare minimum that’s legally required. Although business ethics is a broad topic, which is why entire courses are devoted to it in business management programs, we can start to get an understanding of what’s involved by considering some basic principles.

Some Basic Business Ethics Principles

Here are twelve basic guiding principles for ethical business practices.

Leadership. An effort to adopt and integrate the other business principles in your personal and professional life to set an example.
Accountability. Holding yourself responsible for your actions and encouraging others to be accountable too.
Integrity. Behaving honestly and consistently doing the right thing.
Respect for others. Treating everyone with respect and empathy and fostering a positive workplace culture.
Honesty. Communicating clearly and always valuing the truth, even if it might put you in a bad light.
Respect for laws. Consistently obeying all laws and erring on the side of legality if the law is unclear.
Responsibility. Creating a culture where everyone feels ownership of their roles.
Transparency. Communicating clearly and truthfully with key stakeholders.
Compassion. Treating employees, customers and suppliers with understanding and respect as fellow human beings.
Fairness. Providing equal opportunities and equal treatment to all involved with or dealing with the business.
Loyalty. Demonstrating loyalty yourself and inspiring it in others.
Environmental concern. Considering the environmental impact of business practices and striving to accomplish goals in the most eco-friendly way possible.

Becoming a Business Manager

Getting a business management degree is an important first step towards earning a job as a manager. Contrary to what you might think, though, you don’t necessarily need a master’s degree or even a four-year degree to get management positions. An associate degree can be a useful qualification for people who are interested in a management job, especially if the candidate can back up that degree with extensive real-world experience, continuing professional development, and strong interview skills.

At ICT, we offer a two-year Associate of Science Degree in business management that provides people with the skills they need to advance in their careers, including an understanding of business ethics. Both morning and evening classes are available, helping learners fit their education in around their work or family commitments. Each campus has a Employment Assistant Coordinator to help you practice your interview skills and find the right position for you. Enroll today to start on the path towards becoming an ethical business manager in your chosen field.