Principles of autonomy, honesty and fairness on business ethics

In general business ethics is a reference way that must be taken companies to achieve goals, that have been determined. The principles of business ethics are as follows:

Autonomy in Business Ethics

The principle of autonomy in business ethics is company freely has the authority in accordance with the field undertaken and its implementation in accordance with the vision and mission. An example of the principle of autonomy in business ethics: firms are not dependent on others to make decisions but firms have certain powers in accordance with their mission and vision and are not in conflict with others.

In addition, the intent and purpose of this institution without harming the other party or external parties.

Autonomy here should be able to refer to the professionalism values of corporate management in the use of economic resources.

Therefore, business ethics includes managerial actions consisting of:

  1. In business decision making.
  2. In responsibility to: yourself, the parties concerned and the parties of the community in a broad sense.

Honesty Principles in Business Ethics

The principle of honesty in business ethics is the most fundamental value in supporting the success of the company’s performance. Business activities will be successful if managed with the principle of honesty. Good to employees, consumers, suppliers and other parties related to this business activity. Most intrinsic principle in business applications is based on honesty, especially in user’s honesty.

Principles of Justice in Business Ethics

The principle of fairness used to measure business using business ethics is justice for all parties concerned contributing directly or indirectly to business success. These parties are classified into stakeholders. Therefore, all these parties must have positive and appropriate access to roles assigned by each of parties to the business. All parties must have access to business. The benchmarks used determine or deliver these eligibility according to common measures that have been accepted by the business community and the public. Example of a principle of fairness in business ethics: in the allocation of economic resources to all owners of economic factors.

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