Osias College Incorporated

F. Tañedo St. cor. Mc Arthur Highway, San Nicolas, Tarlac City

Bachelor of Business Administration

Major in Financial Management

Research Paper

Management IV

Prepared by:

Harpy Jane Manalac

Prepared for:

Mr Teody.Dupitas
What is Business Ethics?

The concept has come to mean various things to various people, but generally it's coming to
know what it right or wrong in the workplace and doing what's right -- this is in regard to effects
of products/services and in relationships with stakeholders. Wallace and Pekel explain that
attention to business ethics is critical during times of fundamental change -- times much like
those faced now by businesses, both non-profit and for-profit. In times of fundamental change,
values that were previously taken for granted are now strongly questioned. Many of these values
are no longer followed. Consequently, there is no clear moral compass to guide leaders through
complex dilemmas about what is right or wrong. Attention to ethics in the workplace sensitizes
leaders and staff to how they should act. Perhaps most important, attention to ethics in the
workplaces helps ensure that when leaders and managers are struggling in times of crises and
confusion, they retain a strong moral compass. However, attention to business ethics provides
numerous other benefits, as well (these benefits are listed later in this document).

Note that many people react that business ethics, with its continuing attention to "doing the right
thing," only asserts the obvious ("be good," "don't lie," etc.), and so these people don't take
business ethics seriously. For many of us, these principles of the obvious can go right out the
door during times of stress. Consequently, business ethics can be strong preventative medicine.
Anyway, there are many other benefits of managing ethics in the workplace. These benefits are
explained later in this document. (Extracted from Complete (Practical) Guide to Managing
Ethics in the Workplace.)

PRINCIPLE OF BUSINESS ETHICS: RESPECT FOR OTHERS

RESPECT FOR OTHERS. Treat everyone with respect. Ethical executives demonstrate
respect for the human dignity, autonomy, privacy, rights, and interests of all those who have a
stake in their decisions; they are courteous and treat all people with equal respect and dignity
regardless of sex, race or national origin. Ethical executives adhere to the Golden Rule, striving
to treat others the way they would like to be treated.

It is a very important component of both personal identity and interpersonal relationships. To

feel respected could be considered a basic human right. Disrespect is a very important thing that
can lead to break-ups and even violence.
It is a concept that refers to the ability to value and honor another person, both his and her words
and actions, even if we do not approve or share everything he or she does. It is accepting the
other person and not trying to change them. Respecting another person is not judging them by
their attitudes, behaviors or thoughts. It is not expecting for someone to be otherwise.
Our differences are positive because it creates our identity. This means that individual
differences exist, but above all to understand that as members of a society we are equal. All
people are due respect for the simple fact of being people. Equality is in balance. That is why
it is very important to teach children from an early age the value of mutual respect. The best way
to teach respect is to become a role model for our children.
Respect for others is very important, but respect for yourself is fundamental since you will
value others to the extent that you are able to value yourself.
Some synonyms of respect would be deference, obedience, attention, courtesy, tolerance,
compliance or admiration.
 RESPECT FOR OTHERS. Ethical executives demonstrate respect for the human dignity,
autonomy, privacy, rights, and interests of all those who have a stake in their decisions; they are
courteous and treat all people with equal respect and dignity regardless of sex, race or national
origin.

Respect means:
 Following the Golden Rule.
 Using good manners, not bad language.
 Practicing tolerance.
 Being considerate of the feelings of others.
 Not threatening, hitting or hurting anyone.
 Dealing peacefully with anger, insults and disagreements.

Receiving respect from others is important because it helps us to feel safe and to express
ourselves. ... Respect means that you accept somebody for who they are, even when they're
different from you or you don't agree with them. Respect in your relationships builds feelings of
trust, safety, and wellbeing.

If you're looking to improve your relationships, whether business or personal, try these five
easy ways to show your gratitude and respect for others:
1. Listen. I know it sounds easy, but listening–truly listening–can be one of the hardest skills to
master.
2. Encourage
3. Congratulate
4. Be Helpful
5. Say Thank You

How Employees Judge?

You can hear respect in a person's tone of voice, in their nonverbal communication, and in the
words they use to address you. You can see respect in how your coworkers or boss deeply listens
to you and asks questions to make sure they understand your point of view.

You judge respect by the way in which your organization, your bosses, and your coworkers treat
you. You see it in how your organization establishes new rules and policies, how they introduce
the new procedures to employees, and in how they compensate, recognize and reward you.

You see the degree of their respect in how often they ask your opinion, run work changes that
affect your job by you before implementing them, and delegate meaningful assignments.

But what is respect really? And, how is respect demonstrated at work?

Tips for Demonstrating Respect

You can demonstrate respect with simple, yet powerful actions. These ideas will help you avoid
needless, insensitive, unmeant disrespect, too.

 Treat people with courtesy, politeness, and kindness.

 Encourage coworkers to express opinions and ideas.
 Listen to what others have to say before expressing your viewpoint. Never speak over,
butt in, or cut off another person.
 Use people’s ideas to change or improve work. Let employees know you used their idea,
or, better yet, encourage the person with the idea to implement the idea.
 Never insult people, use name calling, disparage or put down people or their ideas.
 Do not nit-pick, constantly criticize over little things, belittle, judge, demean or patronize.
A series of seemingly trivial actions added up over time, constitutes bullying.

 Be aware of your body language, the tone of voice, and your demeanor and expression in
all of your interactions at work. People, who are radar machines, are hearing what you're
really saying in addition to listening to your words.
 Improve your own ability to interact with coworkers and bosses in a way that emphasizes
the knowledge you have gained from your awareness of people and your emotional
intelligence. It will make you more able to offer sympathy, relate with empathy, and step
into the shoes of those with whom you work.

 Treat people the same no matter their race, religion, gender, size, age, or country of
origin. Implement policies and procedures consistently, so people feel that they are
treated fairly and equally. Treating people differently can constitute harassment or
a hostile work environment.
 Include all coworkers in meetings, discussions, training, and events. While not every
person can participate in every activity, do not marginalize, exclude or leave any one
person out. Provide an equal opportunity for employees to participate in committees, task
forces, or continuous improvement teams. Solicit volunteers and try to involve every
volunteer.

 Praise much more frequently than you criticize. Encourage praise and recognition from
employee to employee as well as from the supervisor.
 The golden rule does apply in the workplace, or, as professional speaker Leslie Charles,
says frequently, “You want to implement the platinum rule at work: treat others as they
wish to be treated.”

There are many other ways to demonstrate respect at work. You will want to make your job
become meaningful work. Respect is a cornerstone of meaningful work. These ideas constitute a
solid foundation but your imagination and thoughtful consideration will bring you many more.

Implemented consistently at work, these respectful actions help ensure a respectful, considerate,
professional workplace. You can be certain that a respectful workplace brings benefits for all
stakeholders.

You want to be respected, but you’re not sure how this whole thing works. The key here is to
stop focusing on you, and start thinking about others. How can you help others? How can you
inspire change, growth, and innovation? When you think about the people you respect deeply,
what do they do differently from the average person? While you’re thinking about that, here are
some of my own tips:

1. Be relentlessly proactive.
Don’t always wait for direction from others. Use your own skills and resources to start getting
things done and solve problems. Get in the habit of figuring things out for yourself. Don’t be
afraid of a challenge once in a while.

2. Keep your promises.

This is by far one of the most important actions you can take to start gaining respect. If you took
commitments lightly in the past, don’t do that anymore. Always honor commitments and
promises. If you find yourself having a lot of trouble with that, it means you make too many
promises you can’t keep.

3. Stop apologizing.

People who are constantly saying, “I’m sorry,” without giving it a second thought are usually not
the ones that are well respected. There is a time and place for apologies. Sometimes you make
mistakes that affect family and friends. You can apologize to them. Meanwhile, stop using the
word “sorry” a hundred times an hour for every little thing that goes wrong, especially in the
workplace.

4. Don’t waste other people’s time.

If you respect others’ time, they will respect yours. This includes not being late for appointments,
not spending meetings talking about useless items, getting to the point fast, bringing up issues
right away, being succinct, and of course, making it easier for others to make decisions,
especially when they are busier than you.

5. Stop gossiping immediately.

Always act as if the person you’re talking about is right there with you. You need to respect
others—even if you don’t like them. Everyone has desirable and undesirable traits. Realize this
and talk from this fundamental belief. If you talk behind people’s backs, you and your reputation
will quickly become irrelevant.

6. Stop being too nice.

Distinguish kindness from always having to do things for people. Trying to make everyone
happy won’t get you very far. Being a pushover is highly undesirable if your goal is to be
respected. If you’re too nice to everyone all the time, some people might even think you’re not
genuine.

7. Practice humility.

You’re not always going to be right, and you’re not the best at everything. Every person you
meet can teach you something. Confidence doesn’t come from a place where you’re the best.
True confidence comes from understanding humility, and that every person has something
unique to offer to the world, including you.

8. Have a moral code.

Many overlook this important little piece of advice. What do you believe in? What’s important to
you? What makes you mad and want to change the world? These kinds of questions will get you
to the core of your own personal moral code. Figure it out and share it with the world in small
amounts. All the great leaders of the world had a clear moral code.

9. Be open-minded.

At the other extreme of having a moral code is to remain open-minded. Being open-minded is
not complicated, nor is it in conflict with having a moral code. It simply means that you
acknowledge that you still have so much to learn, and you continue learning from others, even if
you have a strong core belief system.

10. Add real value.

Whether you’re part of a community, a company, a group of friends or a team, you will be
respected if you always think of ways to offer value to others. Value can come in many forms,
but in the end it’s all about offering something to the world or to your community that can help
by solving a problem for them. If you create something of value, people will respect you.

11. Always do your homework.

This means do the due diligence. When you’re interviewing someone, do the background
research and find out everything you need to know to make an effective interview. When you’re
going to a job interview, make sure you’ve done your homework about the company and know
what their needs are. When you’re talking to friends, listen and retain information from the
conversations and remember things that they care about for next time.

12. Be inspiring.

You can be inspiring by talking to others about your passions and goals without holding back.
You can be inspiring by endlessly encouraging others to follow their dreams, goals, and visions,
and showing that you have faith in them.

13. Learn to say, “No.”

Don’t feel guilty about saying no once in a while. Don’t worry about missed opportunities either.
You don’t need to agree to everything that someone asks from you, especially if it is a superior
or a client. Sometimes, you are more respected by saying no, rather than agreeing to do a thing.
When you say no, you show you’re not afraid of admitting that you value your time, and that you
don’t have time for everything.
14. Don’t believe the self-talk.

If you want others to respect you, of course it’s obvious that you need to respect yourself. It’s not
always easy, as we all have our bad days. On those days, you will experience negative self-talk.
Don’t believe it. Remember your strengths and learn from your mistakes. Confidence comes
from knowing that failure and imperfection are the paths to greatness.

15. Believe in your ideas.

Don’t discard your ideas, even if they seem funny, weird, or unorthodox. Embrace your
creativity and follow through with your ideas. If you follow through you will achieve something
great—and others will wonder how you came up with such a unique idea. The thing is, most
people have these unique ideas, but most people are afraid to follow up and implement them,
because they seem too far-fetched.

16. Speak up when you’re mistreated.

Don’t just take it when someone is mistreating you, or taking advantage of you. Be professional
and diplomatic, but don’t be silent. Speaking up for yourself is not always easy to do, which is
why it is the mark of a person deserving respect.

17. Stand up for someone else.

When you see injustice around you, do you ignore it in order to avoid confrontation? Sometimes
you have no choice, but there are moments when you need to stand up for others, especially
when they cannot stand up for themselves. You don’t need to please everyone. Don’t be afraid of
confrontation once in a while, as long as you do it in a diplomatic way.

18. Speak your mind.

When it is necessary, make sure you speak your mind. People who are highly respected have
strong opinions on many topics, and lots of ideas about how to improve things. Don’t be afraid to
mention these ideas once in a while, especially during a meeting, brainstorming session, or
casual gathering.

19. Stop talking.

Sometimes you need to stop talking and listen. People who talk endlessly without pause are not
usually respected (with very few exceptions). Listen to others. Stop talking about yourself all the
time. Genuinely listen to people—really listen and try to understand them. Use silence to your
advantage. Not every pause should be filled up with noise. Taking a moment to consider a thing
before you open your mouth is almost always going to command respect.
20. Care about others.

Start caring about others. Pay attention to your surroundings and the people in your life, whether
it is at work, home or church. Genuinely caring about others and showing concern during times
of need shows empathy—a powerful trait of good leadership. It also shows that you don’t only
focus on yourself, and that you have the emotional capability to pay attention and give help when
needed. Not everyone can do this, which is why it is so powerful.

21. Control your emotions.

Make sure to curb your instant reactions to things that make you highly emotional—whether it is
good or bad. Sure, it’s OK to be yourself and show enthusiasm. But remember that good leaders
and well-respected people know the difference between responding and reacting. The latter is not
a good habit.
Why Respect Is Important In Life

What’s so great about respect anyway? Why does it matter in the grand scheme of things?

1. Showing respect is the right response in a civil society.

One of the characteristics of a civil society is the showing of respect to fellow citizens. The
conviction that other members of a family, a town, a city, a nation, or a region of the world are
worthy of respect.

The Universal Declaration of Human Rights was adopted by the United Nations General
Assembly in Paris in 1948. Its goal was to grant status worthy of respect to all human beings
everywhere. No human being is exempt.

Showing respect for human life and human beings is fundamental to a civil society and civil
world.

2. Respect affirms those worthy of respect.

When we respect others, it affirms their right to respect and their worthiness of respect. On the
other hand, when we withhold respect from others, we imply they are unworthy of it.

This can trigger a decline that is exceedingly difficult to arrest and end. Once it is generally
believed that a certain race or ethnic group or nationality or skin color or gender or age is
unworthy of respect, the flood gates open for abuse.

We’ve seen this many times in the past two centuries in particular. The natural and logical
outcome of the removal of respect from particular classes is first rejection, then discrimination,
then abuse, and ultimately genocide.

It starts with a lack of respect. It’s another reason why respect should be common among all
peoples everywhere, and why respect is so important.

3. It encourages behavior that’s respectful.

When someone is living in a way that brings them recognition, honor, and respect, it encourages
their living that way. Not always, but usually. Behavior that’s rewarded tends to be repeated.
Or, put another way, “What’s rewarded gets done.”

Whether we wish that behavior worthy of respect would be common without encouragement
misses the point. It’s simply human nature to do what gets rewarded and shy away from what
doesn’t.

4. It provides a solid foundation for relationships.

There should be serious reluctance to maintain a relationship that does not offer respect. People
don’t like to be treated badly. People don’t like to be demeaned, devalued, dishonored, and
disrespected.

If a relationship lacks respect, it is almost certainly an unhealthy one. Toxic relationships nearly
always have a lack of respect as a common element.

Meaningful, healthy, and mutually-beneficial relationships show mutual respect. It’s

fundamental.

5. Without respect we lose heart.

Respect is so basic to human well-being that in its absence, people don’t thrive. They don’t need
to have respect from everyone – but there are certain people from whom respect is virtually
mandatory.

The father of modern psychiatry, William James said, “The deepest principle in human nature is
the craving to be appreciated.” Those who are not appreciated do not feel respected. It’s
disheartening.

The history of the struggle for civil rights throughout the world is the struggle to win respect
from others. The American Founding Fathers expressed it in the United States Declaration of
Independence this way:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by
their Creator with certain unalienable rights that among these are Life, Liberty, and the pursuit of
Happiness.”

Respect for human beings entails the granting, preserving, and protection of these rights. Without
respect, these rights will be missing. And if these rights are missing, respect will be missing too.
They exist together.
Ethical Renaissance

The word respect comes from the Latin word “respectus” meaning attention, regard or
consideration. It can be defined as
“esteem for or a sense of the worth or excellence of aperson, a personal quality or ability, or som
ething considered as a manifestation of a personal quality or ability“.

Conclusion

I therefore conclude that respect for others is one of the important ethical principles that a person
should have in dealing with other, especially in business transactions. Aside from benefit of
getting a successful business it also teaches an individual to be morally respectful to its co-
worker, business owners and even to the people he/she used to deal with in his/her daily living.

https://www.standardizations.org/bulletin/?p=133

https://managementhelp.org/businessethics/index.htm

https://www.lifehack.org/articles/communication/21-ways-you-can-earn-the-respect-others.html

https://www.lifehack.org/articles/communication/21-ways-you-can-earn-the-respect-others.html