Business Types and Ethics PDF

Business Types and Ethics This presentation explores the different types of businesses and the importance of ethical conduct in the workplace. preencoded.png SPCCF –...

Business Types and Ethics This presentation explores the different types of businesses and the importance of ethical conduct in the workplace. preencoded.png SPCCF – San Fernando  Types of Businesses Service Businesses Merchandising Businesses Manufacturing Businesses Provide intangible products, such as Buy products at wholesale and sell Transform raw materials into new skills, expertise, or labor. Examples them at retail. They are "buy and sell" products. Examples include food include accounting, legal services, and businesses, like department stores or processing, textile production, and car healthcare. grocery stores. manufacturing. preencoded.png SPCCF – San Fernando  Transparency and Accountability 1 Public Disclosure 2 Shareholder Accountability Companies should publicly disclose the roles and Transparency provides responsibilities of their shareholders with a level of board and management. accountability for the company's decisions. 3 Stakeholder Confidence Transparency builds confidence in the company's decision-making and management processes. preencoded.png SPCCF – San Fernando  Ethical Policy: Time Off Clear Procedures Open Communication A solid ethics policy should Open communication is better outline procedures for than employees trying to hide employees requesting time the reasons for their absences. off. preencoded.png SPCCF – San Fernando  Ethical Policy: Client Interactions Fair Treatment Communication Guidelines Employees should treat clients fairly The ethics policy should state how and honestly, providing accurate often employees can contact clients information. and what they can say. Training Programs Training programs can help employees learn proper responses to negative scenarios. preencoded.png SPCCF – San Fernando  Ethical Policy: Abusive Behavior Prohibition An effective ethics policy forbids abusive behavior in the workplace. Consequences The policy should spell out the punishments or repercussions of abusive actions. Examples Abusive behavior includes sexual harassment, bullying, and theft. preencoded.png SPCCF – San Fernando  Ethical Policy: Taking Undue Credit Prohibition 1 The ethics policy should prohibit employees from taking credit for others' work. Team Building 2 Team building workshops can help reduce backstabbing behavior. Individual Growth 3 Help employees understand their individual path to success and promotion. preencoded.png SPCCF – San Fernando  The Purpose of Business The purpose of a business is to create a customer. Profit and profitability are important, but ultimately, the goal is to satisfy customer needs and wants. preencoded.png SPCCF – San Fernando