Business Ethics is the key to understanding when the personal rights of a person are bypassing the collective societal rights. While a lot of product standards are governed by law, business ethics goes beyond what the law governs. Business ethics is establishing a framework, where a positive work culture and environment is developed by incorporating all stakeholders – management, employees, suppliers, consumers. In developing and establishing the business ethics, Code of Ethics and Total Responsibility Management play an extremely important role. Total Responsibility Management – Similar to Total Quality Management (TQM), Total Responsibility Management (TRM) is the inclusion of all the Continue reading...
