Question

1. Do you think unethical behaviour within the company resulted in stakeholders being affected? Suggest steps or guidelines to prevent unacceptable practices.

Answer 1

Answer:

Yes, Unethical behaviour within the company affects the stakeholders as it is prejudicial to the company's operations. Unethical behaviors can plague a workplace, whether an executive steals money from the company or an associate falsifies documents. Unethical behaviors can damage a company's credibility, causing the business to lose customers and ultimately shut down. However, business owners and their management teams can work with employees to prevent unethical behaviors.

Steps or guidelines to prevent unacceptabl practices are as follows:

1. Create a Code of Conduct:
A written code of conduct provides employees and managers with an overview of the type of conduct and behaviors the company expects.

2. Reinforce Consequences for Unethical Behavior:
Business owners must hold their employees accountable when they act unethically. Start by informing new employees of the rules during their orientation sessions.

3. Show Employees Appreciation:
Loyal employees feel that a company values the hard work they put into accomplishing tasks on a daily basis. A loyal employee is less likely to act unethically.

4. Create Checks and Balances:
Rather than putting related responsibilities in the hands of one employee, create a system of checks and balances to minimize the opportunities for unethical behavior.

5. Welcome an Ethics Speaker:
Schedule an ethics trainer to visit your work site to discuss ethical behavior and explain why it is important in organizations, regardless of the size or industry.

6. Hire for Values:
When business owners hire employees, many seek to bring on individuals who have the education and experience that prove they are skilled workers, capable of handling the tasks at hand. Employers who want to prevent unethical behavior also look at candidates' values to ensure they mesh with the company's culture.

7. Lead By Example:
Employees look to business owners and managers for direction on how they should conduct themselves. As a business owner, make ethics-based decisions and monitor the individuals you put into leadership roles at your company for the same values.

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