My Learnings in Business Ethics, Social Responsibility and Good Governance

What is ‘business ethics’? Business ethics talks on the behavior of people involved in a business. Business ethics is about ethical property. Business ethics affects one’s decision making of doing what is good, correct, and moral and avoiding doing evil. Business ethics means developing self. What is ‘social responsibility’? Social responsibility means doing well to others where in you need to consider the full scope of an act to the welfare of the community by fulfilling social obligations to your stakeholders. Remember that you cannot do good to others if you do not develop yourself. As for your customers, give them quality products and services. As for the government, you have to follow the parameters of laws and pay right amount of taxes. As for your employees, right compensation must be given to them. As for the environment, you must take good care of it by saving unrenewable resources. As for your suppliers, you have to pay on time and follow the contract since they deliver what you need. As for the community, respect culture and open opportunities by giving them jobs. What is ‘good governance’? Good governance is on how you govern your stakeholders. As a manager, you are leading, managing, and governing your business. The main goal is to be accountable, to be ethical, to be profitable, and to be responsible. Business ethics talks on principles, business, and behavior of people. Remember that ‘business’ is a good human activity. It is really important to the nation because without business there will be no progress. Business becomes immoral if its people are immoral. Social responsibility talks on the welfare of the society, enhance it by promoting and enhancing the quality of life of the people. Good governance talks on how you manage the business in a clean way with no