How to manage business ethics effectively?

The main purpose of this paper is exploring ways to manage business ethics effectively. To achieve this, first of all, the paper reviews the concepts and importance of business ethics together with its components, such as corporate ethics codes and corporate social responsibility (CSR). Next, five w...

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Main Author: Tran Kiem Viet Thang
Format: Article
Language:English
Published: HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE 2012-08-01
Series:Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
Subjects:
Online Access:https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/75
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author Tran Kiem Viet Thang
author_facet Tran Kiem Viet Thang
author_sort Tran Kiem Viet Thang
collection DOAJ
description The main purpose of this paper is exploring ways to manage business ethics effectively. To achieve this, first of all, the paper reviews the concepts and importance of business ethics together with its components, such as corporate ethics codes and corporate social responsibility (CSR). Next, five ways to manage business ethics efficiently are revealed. Based on these suggested ways, the paper recommends four practical actions for managers to have good management skills in this field. These recommendations are setting up an effective corporate ethics code, acting and behaving ethically in any circumstances, setting up rules and regulations, and advancing CSR in a very wise way. The paper concludes with two issues for future researchers: whether corporations need a business ethics manager/ specialist, and how companies motivate their employees to act ethically
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publishDate 2012-08-01
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spelling doaj.art-40317b88ff1a42ae96f8a955023036c22022-12-21T18:41:24ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862012-08-0121899510.46223/HCMCOUJS.econ.en.2.1.75.201258How to manage business ethics effectively?Tran Kiem Viet Thang0Faculty of Business AdministrationThe main purpose of this paper is exploring ways to manage business ethics effectively. To achieve this, first of all, the paper reviews the concepts and importance of business ethics together with its components, such as corporate ethics codes and corporate social responsibility (CSR). Next, five ways to manage business ethics efficiently are revealed. Based on these suggested ways, the paper recommends four practical actions for managers to have good management skills in this field. These recommendations are setting up an effective corporate ethics code, acting and behaving ethically in any circumstances, setting up rules and regulations, and advancing CSR in a very wise way. The paper concludes with two issues for future researchers: whether corporations need a business ethics manager/ specialist, and how companies motivate their employees to act ethicallyhttps://journalofscience.ou.edu.vn/index.php/econ-en/article/view/75business ethicscorporate ethics codecorporate social responsibility
spellingShingle Tran Kiem Viet Thang
How to manage business ethics effectively?
Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
business ethics
corporate ethics code
corporate social responsibility
title How to manage business ethics effectively?
title_full How to manage business ethics effectively?
title_fullStr How to manage business ethics effectively?
title_full_unstemmed How to manage business ethics effectively?
title_short How to manage business ethics effectively?
title_sort how to manage business ethics effectively
topic business ethics
corporate ethics code
corporate social responsibility
url https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/75
work_keys_str_mv AT trankiemvietthang howtomanagebusinessethicseffectively