CODE OF ETHICS AS A TOOL FOR INNOVATIONS IN ETHICAL PRACTICE IN THE ORGANIZATION
CODE OF ETHICS AS A TOOL FOR INNOVATIONS IN ETHICAL PRACTICE IN THE ORGANIZATION

Summary/Abstract: Today, most experts from the international businesses agree that the essential bit for the business in 21st century or actually for the global economical survival in this area is looking for more the innovative ways of building an international business ethical code. That is to say-not just the ethical codes which will origin from every individual culture, which on the other hand is supported by their own norms and practices. For the ethical code to have a meaning, the basic principles and expectations must be clearly stated; it has to deal with the potential ethical dilemmas which employees are faced with; and must be applied. It must be accepted and adopt by the staff because that is the condition for its use. That means that the managers must take into account not only the content of the code but the process of determination of its content. But, for a code to be applicable wider internationally, managers should incorporate more innovative ways for communication during the process of creation of the code and to facilitate specific ethical challenges.

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