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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Ethics Eight Guiding Principles

Ethics Eight Guiding Principles

Q Prior to beginning work on this discussion forum, read Unit 2: Integrated Marketing and Unit 4: Operating a Small Business Effectively from your course textbook, Entrepreneurship: Starting and Operating a Small Business. In addition, read the following article, Up to code: Does your company’s conduct meet world-class standards?. The retrieved article above proposes a set of guiding principles organizations of all sizes can use to guide organization conduct at all levels. The principles are also useful as a starting point for developing an ethics policy tailored to a specific organization. Critique the article using the following as a guide: Do the proposed standards have worldwide applicability? Why or why not? The proposed code is framed by eight guiding principles. Are these principles adequate to define world-class ethics standards? If not, what is lacking? Would you use the eight guiding principles as a foundation to guide behavior in your organization, or are the guiding principles more applicable to large, established organizations? Offer a link to a video or an article that provides additional information about the codex discussed above or about other approaches used to define ethical business behavior.

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The proposed standards have a worldwide applicability because of its honesty and integrity. After thoroughly reading the eight-guiding principle, one thing I understood that it is problematic for the enterprises to set aside the ideas collected from the book and to perform only for profit.