Business ethics can also be called corporate ethics. To put it simply, it “examines the ethical principles and moral or ethical problems that can arise in business environments.”
What are the types of business ethics? There are 12 main types of business ethics that all small businesses should follow.
Honesty-Remain honest in all of your dealings for your business. Do not mislead other individuals or give misinformation.
Integrity—While doing the wrong thing may be tempting, always do the right thing no matter if it seems doing the wrong thing is better.
Trustworthy—Remain trustworthy to everyone you come in contact with.-
Loyalty—Always remain loyal to your business, products, and industry.
Fairness—Remain fair, no matter the circumstances.
Empathy—Show that you care for others, show concern where it is needed.
Respect—Respect can go a long way with other business owners, customers, vendors, and employees.
Law abiding—Even if it’s tempting to do something shady for your business to continue, do not wind up on the wrong side of the law.
Committing to excellence—Commit to making your product or services the best they can be.
Leadership—Being a successful leader can take your business far into the future.
Morale and Reputation—Do not engage in any type of conduct that may undermine other employees, or customers thus causing a bad reputation.
Accountability—Simply be accountable for your mistakes, do not try to lay the blame on others around you.