Management Theories And Practice

Running Head : TITLE OF ASSIGNMENTFull titleThe code of ethics refers to a collection of guidelines which be developed to chalk out the welcome behaviors for members of a item community . The term community hither refers to any set of people , be it association , group , composition , professionals etc . Such codes of ethics help those organizations to develop a framework to work with . It sets up the standards for everybody in the organization to brook in a manner aligned with the organizational agriculture . These are specially referred when there is some issue related to the question that how should one behave in a particular situationA code of ethics has several positive impacts on the organization . In the first place it provides a framework to the employees of the organizations that tells them that what are the appropriate set of behavioral responses in the organization and the ones pass judgment from the employees in various situations .

Secondly , it serves as the guideline or the boundary while developing strategies , especially the ones developed to rush with dilemma issues . Furthermore , its prime purpose benefit is that it , if utilise properly , fosters ethical culture in the organization . It helps in setting up the culture of integrity truthfulness and pity in the company . Last but not the least , having such code of ethics in place in an organization make it more credible to the outside beingness . This includes prospective customers , prospective employees , and of course the investorsBesides all these , they may be certain...If you want to get a full essay, order it on our website: Orderessay

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