Business Ethics - business ethics definition & Examples - Project Management

A Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Business ethics definition

In the business world, waging is of necessity as a form of compensation for the contribution given to the workers or the workers of the company. So when the company recruited workers expected labor/workers/workers can run a series of his work to produce goods or services that support the business activities so as to generate profits for the company. A benefit can be used the company to give compensation in the form of wages to workers/laborers.

It is in line with the definition of wages :

"the wages of labor/worker rights is accepted and expressed in the form of money as a reward of employers or employer to workers/workers who set up and paid out according to an agreement, agreement, or other regulations, including allowances for workers/labourers and their families for a job and/or services that have been or will be carried out".

The contribution of the workers to the company by running his works may then be called as performance or may also be referred to as productivity. The better performance and productivity then it should workers/workers got better wages than workers/labourers of low performance and productivity.

Government as an independent party, issued Regional Minimum wage (UMR) which aims to regulate the waging system which should be given by a company to its workers. From the name alone can already note that the minimum wage varies in each area. This is due to the presence of social culture differences in each area.

It has been said above that the waging based on the UMR is related to a person's productivity. According to the National Productivity Council (NCC) defined philosophically as the mental attitude that always had the view that the quality of life of today should be better than yesterday and tomorrow better than today which basically should meet the elements of the effectiveness, efficiency and quality.

Business Ethics Explaination - Examples

Productivity is influenced by factors both micro as well as macro levels, for each individual user. On a macro level there is a factor of political stability and security, the condition of the resources (human, natural and energy), the implementation of the Government, the conditions of the infrastructure in the form of transportation and communication, and social and cultural. On the micro level of internal factors include human resources, technology, management and capital structure. In addition there are also internal factors external factors include government reports, the condition of the political, social, economic, and defense and security. On the individual level there is a factor mental attitude (cultural productive), education, skills, competence and appreciation of performance.

The size of the productivity is usually based on the results of the Input (I) divided Output (O). Input and output in productivity had straight or comparable, that is, the greater the input and output the smaller then its productivity more and vice versa.

In addition the productivity also can be described as follows:

Productivity (P) rises in Input (I) down, Output (O) fixed
Productivity (P) rises in Input (I) down, Output (O) ride
Productivity (P) rises in Input (I) fixed Output (O) ride
Productivity (P) rises in Input (I) rise, Output (O) rise but the amount of the increase in Output was greater than the increase in inputs.
Productivity (P) rises in Input (I) down, Output (O) down but the amount of decrease in Input is smaller than the fall in Output.

The input in the form of skills of workers in the processing resources of the company in generating an output in the form of goods or products that are worth selling will strengthen the competitiveness of firms in a competitive trading market. Companies that exist in the market certainly will expand its business by expanding to can have an impact on the expansion of employment. In general it can be specified as follows: