Ethical Behavior in Business

Ethical Business Behavior

Introduction

Business operating in the country plays a vital role in the development and growth of the country all over the world, doing business in not a great deal but doing business ethically is tough and it requires real dedication and hard work, now the question arises that what are ethical behavior of business. (Bazerman, H, M and Tenbrunsel, E,A, 2011).

The normal ethical practices of the business include that you are operating according to the law of the country and fulfilling all the moral responsibilities toward the people of the country, customers essential part of the business and relationship with them counts in the success of the business and leaving your customer for the matter of profit is considered to be the wrong ethical behavior.

Being in the world of globalization all the companies has set ethical behavior has a high priority among them, there are certain codes of ethics that enable the organization to move forward while adapting ethical behavior in all its operation, and there is enough room of improvement in these code of ethics. (Bazerman, H, M and Tenbrunsel, E,A, 2011).

It is the prime responsibility of the leader of the organization to ensure that all the codes of ethics are implemented in the company and are practiced in all departments, some of the behavior of the business that are considered ethically correct discussed below

To look around the needs of the employees of the company

To operate according to the rules and regulation of the laws of the country

To consider customer as their assets and t o fulfill all their requirements

To work toward the social and economic benefits of the company

Anglo American

Anglo American is one of the largest mining companies of the world, founded in UK now operating its business on global Scale; it only operates with the prime sectors of the economy like mining and agriculture

Being one of the prime companies of this industries it has played a vital role in the economic development of the country by producing raw materials that are used in construction and agriculture sector, products that are produce by this organization include Base metals, Ferrous Metals, Platinum, Coal, Industrial Material. The biggest reason of the success of Anglo American companies is their nature of doing work according to the ethical principles

Ethical Practice of Anglo American

According to the policies of the Anglo American doing business ethically is the key to success, business ethics are certain business principles that helps the manager to run the business in appropriate manner, on the contrary it has been observed that rules of not following unethical business principles are widely available for instance not to hire child labor, not to evolve in bribery and corruption practices ant etc but it is out of the blue to find certain principles regarding good ethical behavior.

This is where Anglo American is different from others that it has not only taken active participation and provided its full support in events like Extractive industries transparency initiatives (EITI), the United ...