Business ethics has the aim to provide encouragement to moral awareness and to provide limits for entrepreneurs or business people in order to be able to conduct business honestly and fairly and to distance themselves from a fraudulent business which is detrimental to many people or parties who have attachments. For example, when they will establish a company for their business and use the services of a company incorporation singapore, they will be open to investors about the costs they use for it. There are several business ethics principles that you must apply when you want to build your business empire.
1. The Honesty Principle of Business Ethics
Businesses are required to have the principle of honesty in order to get the key to success that lasts for a long time. If there is a businessman who is acting dishonestly and fraudulently there is a high probability that no businessperson will be willing to cooperate.
The attitude of honesty itself is usually associated with the price of goods that have been offered. In doing business in a modern way, consumer confidence is very important. Therefore businesses are encouraged to provide true information to consumers
2. Autonomy Principles of Business Ethics
The principle of autonomy in business ethics is a person’s ability and attitude when taking actions and decisions based on his own awareness of what he thinks is good that can be done.
If people are aware of their obligations in doing business, the person already has the principle of autonomy in business ethics. For example, he understands the field of work with the situation and demands that will be faced and knows what the rules are in his line of work.
In addition, someone who already has an autonomous function will be aware of the risks and consequences that will arise against him and others who are business people. In general, someone who has the principle of autonomy would prefer to be given the freedom and authority to do what he thinks is good.
3. The Principle of Mutual Benefit for Business Ethics
Business people must run their business as well as possible so that each related party benefits. Just like the principle of justice, the principle of giving benefits also has the aim of avoiding one of the parties who profit.
For example, entrepreneurs must provide the actual price of an item to consumers and provide the best possible service to provide customer satisfaction. Therefore the principle of mutual benefit must be held tightly.
4. The Principle of Business Ethics Justice
This principle requires business people to be treated fairly and adjusted to rational criteria. besides that, it also requires that someone whos in running a business must treat internal and external relations equally and give their respective rights. It aims to keep losses from one party of the business