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Professionalism
Manner of conducting and executing tasks with integrity, respect, effectively and efficiently
What professionalism involves
The way a person acts, works, talks, dresses, and generally conducts his/her life’s work
Code of conduct
Will prescribe what is regarded as acceptable and professional behavior
Code of conduct aims
Regulate behavior of people in a particular profession
Importance of professionalism
Ensures positive first impression and repeat business
Establishes set of common values
Creates a favorable image
Ensures behaviour is aligned with the values and code of ethics of a business
Creates trust and reliability
Shows and invites respect
Elements of professionalism
Image, communication, actions, working environment, respect
(Elements of professionalism) Image
Grooming, neatness. Must be appropriate for profession
(Elements of professionalism) Communication
Written, verbal, gestures, actions
(Elements of professionalism) Actions
Thorough understanding of job
An expert in his/her field of
Work independently
Governed by code of conduct
Interest of client above all
Best quality at all times
(Elements of professionalism) Working environment
Free from prejudice and discrimination
Promote professionalism
Be neat and tidy
Customers must be made to feel comfortable
(Elements of professionalism) Respect
Culture, beliefs, gender, qualifications must be respected. People should feel safe to discuss ideas and be themselves
Ethical behavior
About deciding what is right
(Ethical theories) Moral absolutism
There is only one ethical solution to a problem
(Ethical theories) Moral relativism
There can be more than one moral solution to a problem depending on different cultures (actions guided by norms and values, upbringings, culture and religion influence moral compass)
(Ethical theories) Deontology
An ethical theory that uses universal moral rules to distinguish right from wrong
(Ethical theories) Consequence-based theories
The consequence of an action will determine if an action is right or wrong. If the consequence is positive, then there is nothing wrong with the action
(Ethical theories) Principle based theories
Implies having very strong personal moral boundaries
(Ethical theories) Narrative - based theory
Stories are used to teach the understanding of right or wrong
(Ethical theories) Utilitarian theory
Whatever is done must be done for the good of the greatest number of people
Business ethics definition
A set of rules and guidelines that define what is considered morally right and acceptable in the context of business conduct
(Business Ethics) Management responsibility
To formulate policies regarding ethics and ensure that organizational structure underpins ethical behavior, management must lead by example
(Business Ethics) Employee responsibility
To do the right thing and comply with policies, the way the employee behaves when nobody is watching is a test of ethical behaviour.
(Business Ethics) Non-compliance harms
Will bring negative publicity to the business
The king code of corporate governance definition
A set of guidelines for ethical governance structures in a business
Business use of King Code
Guide their activities and must provide explanations when they choose to deviate from the standards set by the code
Use of King code
Provides a benchmark standards for companies to meet in their business practices, this makes the economy more appealing to foreign investors
King Code
Transparency, Responsibility, Accountability, Fairness
(King code) Transparency
Being open and honest
(Business Ethics) Responsibility
A business must be accountable for its actions and decisions
(Business Ethics) Accountability
The obligation of a business to be answerable for its actions and decisions
(Business Ethics) Fairness
A business should make judgements free from unfair discrimination and bias
(Business Ethics) Difference between responsibility and accountability
Responsibility can be shared, accountability cannot
Unethical business behavior
Financial misconduct, Misrepresentation, Employee related issues, and stealing
Unethical behavior harms
Loss of profits and bad publicity and a violation of human rights
Advantages of business ethics
Follow law
Moral awareness
Improve teamwork and productivity
Standard of behavior
Builds trust and improves relationships
Research Ethics
Data collection, respect to respondents and respect to sources being used