The 8 Components of Spotless Business Ethics

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Everyone and every organization can benefit from a strong set of ethics, and from hiring ethical people. Turns out, organizations with a focus on morality actually benefit over the long run. The Institute of Business Ethics (IBE) has found these organizations consistently outperform their counterparts. Not only is doing the right thing important from a moral standpoint, it can yield fiscal returns over time. While the specifics of morality can vary slightly, the principles are the same, whether you’re working in medicine or executive ground transportation. We’ve outline a framework below:

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1. Be Worthy of Trust

Everyone wants to do business with companies and people they can trust. It’s at the core of why solid business ethics yield financial returns over time. Ensure your ethics are an apparent component of your professional, and that you’re an expert at upholding the important morals in your industry. This includes a commitment to patient or client confidentiality, without exception.

2. Be Open to New Ideas

If you’re a decision maker or working over a team of subordinates, ensure you’ve adopted a policy of being open to suggestions. Could a new reservation or budgeting software lead to better security surrounding executive reservations? Would additional training benefit new hires? If your ethics or operations can be approved, make a point of communicating that you welcome any and all feedback.

3. Make Good on Your Word

Meeting your commitments isn’t just ethical, it’s good business and customer service. If you’ve committed to delivering a project on time, honoring your commitment even if it isn’t easy will only strengthen your relationships and reputation. Your organization will grow and thrive if you build your corporate culture around exceeding expectations every time, without exception or excuses.

4. Document Well

Disorganization isn’t unethical, but it’s certainly not efficient. While deliberately failing to document important items or obscuring the truth is certainly against good ethical principles, avoiding taking the time to leave a correct paper trail can still be trouble. Ethics mean doing your best, even if no one is watching. Make a commitment to include that concept in your work flow. Can you assign someone to evaluating corpoate documentation to ensure it’s an accurate reflection?

5. Be Involved and Engaged

Contribute to your community and people in need around you. Ethical businesses often make a point of helping those less fortunate. Can you initiate corporate donations matching or organize a monthly volunteer project with your work family? Making an effort to move towards more sustainable, earth-friendly business practices can also be an ethical choice.

6. Keep an Eye on the Books

When it comes to accounting and bookkeeping and related, fiscal matters, ensure your organization has arranged a system of checks and balances. It’s better to catch questionable or completely unethical fiscal practices quickly, before the whole company or department’s reputation has been affected.

7. Treat Others Well

Ethical behavior is professional behavior, because it really all comes back to the golden rule of treating others well. Adopting an ethical approach to every interaction with your colleagues, managers and subordinates will ensure your interactions contain respect and courtesy.

8. Learning Specifics

It’s not a matter of needing guidance on how to do the right thing, but rather about learning the specifics of how to act in your industry and the greater effects of your company on the community. It’s likely worth your time to dive deep into research and groups that focus solely on executive transportation ethics, ethics for managers or assistants.

This article originally appeared on empire.empirecls

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