Importance Of Developing Of Ethical Behavior

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According to the article Do the right thing! Developing ethical behavior in financial institutions by Fichter, the increased concerned about the unethical behavior among the employees in financial institutions is a major concern for managers and employers in this sector. The article feels that the alignment of organizational systems and processes with corporate values and the roles and responsibility of the corporate leader in the creation of ethical standards and the culture of an organization can play a significant part in curbing these unethical behaviors. The integration of the employees, the employer and the values of the company into the formulation of the ethical culture of a company offers the blueprint and the sense of direction that helps to make the ethical decisions at work (Fichter, 2018)..

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To decrease the hole between formal moral models and genuine practices in the day by day activities of an organization and the formation of a culture that advances morals, associations need to give careful consideration to the representative conduct of challenging the authority, creating chances for discourse, valuing positive emotions, making time for reflection, rewarding ethical behavior, strengthening escalation process, eliciting feedback and establishing a learning culture in a company (Fichter, 2018).

Ethical decision making is a challenging task, especially when an employee lacks the necessary information that can assist in making the decision, but there is always a way that any effective organizational leader can promote ethics in the workplace by providing information that can help in informed decision making. The contemporary thinking out business ethics places leaders at the center of the ethical behavior of employees in an organization.

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