The theory of ethics seeks to provide a framework for understanding and evaluating moral choices and behaviours.
Utilitarianism: looks at ethics from the perspective of doing what is best for most people.
Deontology, or Kantianism is an ethical theory that suggests that people must adhere to duties and obligations when making decisions.
Altruism means acting in a selfless way that benefits others, sometimes at your own expense.
Ethical practice in business is described in Investopedia as being “The study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate responsibility and fiduciary responsibilities”.
Set Standard: Creating a Code of Ethics, organisations can clarify expectations and ensure that all employees receive the same message.
Use Positive Reinforcement: Celebrate success and share stories where ethical behaviours have been observed.
Role Model Behaviors: Lead by the example of your own ethical behaviours, and to ensure that leaders also demonstrate ethical behaviours.
Discuss Ethics Openly: Allow employees to participate in developing a Code of Ethics and the rules around those ethics.
Make Employees Accountable: Ensure that employees are aware of their responsibilities in relation to ethical behaviour, and that any breaches are appropriately handled.
SMART Objectives: Set SMART objectives and create clear KPIs that clarify what is expected and how it will be measured.
Objectivity: Remain objective and professional and do not allow friendships to influence professional responsibilities.
Consistency: Standardise responses to work issues. Is the organisation in favour of a compassionate or a punitive approach when issues arise? Which is a better fit with your organisational culture?
Evaluation: Create uniform evaluation criteria, including performance scoring matrices to help measure and discuss performance without bias.
Described as 'logical' or being able to draw a 'logical conclusion'. This is evidence of a person applying critical thinking.
Objectivity: Objectivity means that your opinions or judgements based on facts.
Rationality: Based on reason or logic, rather than emotions.
Analytical Skills: Present reasons and draw sound conclusions based on evidence.
Confidence: Being confidence to examine others' views.
Curiousity: generation of ideas and insights from questioning skills to others.
Truth seeking: Look for the truth.
Reflection: learn lessons that will help them make more informed decisions in the future.
Remembering
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