Ethical Responsibility To Customers. A company must establish ethical guidelines for everyone to follow. That being said, there are a few key characteristics that nearly all banks maintain when it comes to ethical guidelines:
When a business acts ethically it can. Customer loyalty and business ethics. The role of ethics in marketing.
Another example of ethical responsibility in the business world is taking the time to conduct more testing on a product instead shipping it in a hurry to meet a deadline. In a study, the ethical environment of a firm was found to be positively associated with customer loyalty. A key ethical question when dealing with customers is the potential for conflicts of interest.
Once word got out about the meeting, some publicity and pressure. Ethics are important if an organization wants to stay in the market for a long period of time. For example, the owner should give a fair price to the supplier for materials, study his costs and then determine a price per unit to charge the distributor or retailer.
Transparency with customers, suppliers and employees maintains a company’s reputation. In the current dynamic and competitive environment, it is very important for an organization to follow ethics. The role of ethics in marketing.
It is important for any bank to screen its clients, though the most common reason is to be certain that the client is financially sound. For example, a code of conduct or ethics for a medical corporation is by necessity different. When a business acts ethically it can.
However, social workers’ accountability tot the larger society or specific legal obligations may on restricted occasions take over from the loyalty owed to clients and clients should be guided. Ethical obligations to care for customers obey the law. At clorox we know that in order to build and maintain trust with our customers we have to first develop a strong.