Professional Code of Ethics Analysis Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

Introduction

Professional ethics reflects the peculiarities of moral consciousness, behavior, and relationships of people due to the specifics of professional activity. Professional ethics defines ethical principles and norms of people’s behavior within a specific type of work activity.

Researching a Professional Code of Ethics

A civilized businessman’s moral and ethical code includes the principles that should guide every entrepreneur who strives to maintain a successful business and mutual respect with other entrepreneurs. Basic ethical principles of behavior in the process of entrepreneurial activity (Matthews, 2002):

  1. Be honest and truthful. Openness is the foundation of successful entrepreneurship and the key to sustainable and harmonious business relationships.
  2. Love and respect the person. People feel the trust of their supervisor and try to use all their abilities and knowledge to achieve excellent results.
  3. Respect the right of private property. Confidence in the observance of the right of the private property provides a free entrepreneur with the opportunity to work successfully and beneficially for the benefit of his state.

Implications of Professional Codes of Ethics

The ethics code declares a higher level of business culture, assumes compliance with high ideological principles and norms, and promotes a precise positioning of the company concerning its customers and employees (Matthews, 2002). Thus, the code, being a corporate PR tool, increases the investment attractiveness of the company and the businessman.

Ethics and Decision-Making

Observing the ethical rules of doing business, a businessman provides himself with confidence not only in the successful future of the business but also creates a strong reputation as a decent person (Matthews, 2002). Consequently, when making decisions, this ethical code affects two factors: the relationship with colleagues and partners and the provision of high-quality working conditions for employees.

Ethics in Specific Professions

Business people who are characterized by ignorance in matters of morality see their clients as inferior participants in commodity exchange but only as a source of profit. Thus, adhering to the ethical code allows professionals to meet the expectations of partners and customers without fear of business failure.

Conclusion

Having analyzed the developed principles of ethics, the desire to distinguish in modern representatives of entrepreneurship both the necessary business qualities and the qualities of a highly moral and highly intelligent person can be noted.

Reference

Matthews, J. (2002). . Kauffman: Enterpreneurs. Web.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, December 1). Professional Code of Ethics Analysis. https://ivypanda.com/essays/professional-code-of-ethics-analysis/

Work Cited

"Professional Code of Ethics Analysis." IvyPanda, 1 Dec. 2023, ivypanda.com/essays/professional-code-of-ethics-analysis/.

References

IvyPanda. (2023) 'Professional Code of Ethics Analysis'. 1 December.

References

IvyPanda. 2023. "Professional Code of Ethics Analysis." December 1, 2023. https://ivypanda.com/essays/professional-code-of-ethics-analysis/.

1. IvyPanda. "Professional Code of Ethics Analysis." December 1, 2023. https://ivypanda.com/essays/professional-code-of-ethics-analysis/.


Bibliography


IvyPanda. "Professional Code of Ethics Analysis." December 1, 2023. https://ivypanda.com/essays/professional-code-of-ethics-analysis/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1