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2 (1) 2012

How to manage business ethics effectively?


Author - Affiliation:
Tran Kiem Viet Thang - Faculty of Business Administration , Vietnam
Corresponding author: Tran Kiem Viet Thang - kim.npt@ou.edu.vn

Abstract
The main purpose of this paper is exploring ways to manage business ethics effectively. To achieve this, first of all, the paper reviews the concepts and importance of business ethics together with its components, such as corporate ethics codes and corporate social responsibility (CSR). Next, five ways to manage business ethics efficiently are revealed. Based on these suggested ways, the paper recommends four practical actions for managers to have good management skills in this field. These recommendations are setting up an effective corporate ethics code, acting and behaving ethically in any circumstances, setting up rules and regulations, and advancing CSR in a very wise way. The paper concludes with two issues for future researchers: whether corporations need a business ethics manager/ specialist, and how companies motivate their employees to act ethically

Keywords
business ethics; corporate ethics code; corporate social responsibility

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DOI: https://doi.org/10.46223/HCMCOUJS.econ.en.2.1.75.2012
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