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Business planning may include instilling ethical standards

Ethics may seem to be a concept that can't be quantified or written into a business. To a certain extent, that is correct. However, including the consideration of ethical standards into business planning could help ensure the success of the business.

Written policies and procedures can reflect the ethics of a New Jersey company. However, they alone may not be able to guarantee ethical behavior from everyone in the company from the top to the bottom. It will take managers, administrators and supervisors who adhere to a desired ethical standard to provide an example to all employees.

The hiring practices of companies can bring in ethical people, but without company standards to guide their behavior in certain situations, it may not be enough. There need to be guidelines for employees to follow in their interactions with customers, vendors and each other. Business owners in New Jersey may agree that things aren't always smooth when running a business. It may be inevitable that there could potentially be conflict either from within or from outside the company. Having a framework for how those conflicts will be dealt with can provide employees, managers and supervisors with the guidelines they need to resolve issues with a minimum of fuss.

Business planning is an ever-evolving process. In order to keep a business going, business plans and policies and procedures may need to be periodically reviewed to determine whether they are still working in relation to where the business wants to go. Including ethical considerations in these documents can keep employees and customers alike happy with the direction the business is headed. When employees and customers are satisfied, it typically fosters a sound foundation for achieving success.

Source: Huffington Post, 7 Myths About Ethics Which Will Hurt Your Business, Marty Zwilling, Oct. 27, 2013

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