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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

pr<strong>of</strong>essional associations, ethics sites at college and university bus<strong>in</strong>ess programs,<br />

<strong>in</strong>dustry <strong>in</strong>formation resources, and company promotion <strong>of</strong> social responsibility (Enter<br />

web, 2005).<br />

ECS2000<br />

The Ethics Compliance Management System Standard (ECS2000) is a guidel<strong>in</strong>e for<br />

corporations and other organizations which are endeavor<strong>in</strong>g to conduct bus<strong>in</strong>ess <strong>in</strong> an<br />

equitable and responsible manner. This is Very useful document for any organization<br />

which aims to establish, apply, ma<strong>in</strong>ta<strong>in</strong> and consistently improve an ethical-legal<br />

compliance management system (Enter web, 2005).<br />

5.3 Complete Guide to Ethics Management<br />

This guide is a straightforward and highly practical tool designed to help leaders and<br />

managers implement comprehensive ethics management systems <strong>in</strong> their workplaces <strong>in</strong><br />

order to deal with the complex, ethical issues that can occur <strong>in</strong> the day-to-day realities <strong>of</strong><br />

lead<strong>in</strong>g and manag<strong>in</strong>g an organization. It provides guidel<strong>in</strong>es for manag<strong>in</strong>g ethics,<br />

identifies key roles and responsibilities, and provides <strong>in</strong>structions for sett<strong>in</strong>g up a code <strong>of</strong><br />

ethics and a code <strong>of</strong> conduct (Enter web, 2005).<br />

5.4 EUROPA Corporate Social Responsibility<br />

This extremely rich site from the European Commission leads to all the works undertaken<br />

by the commission <strong>in</strong> the area <strong>of</strong> corporate social responsibility.<br />

� ABC <strong>of</strong> CSR <strong>in</strong>struments<br />

� CSR particularly the one from the DG Enterprise which <strong>in</strong>cludes a brochure on<br />

responsible entrepreneurship for SMEs (Enter web, 2005).<br />

6. Improv<strong>in</strong>g Bus<strong>in</strong>ess ethic<br />

Accord<strong>in</strong>g to Michael R, (1991 ) survey conducted on Improv<strong>in</strong>g American bus<strong>in</strong>ess<br />

ethics. There are ma<strong>in</strong>ly three fold approach for improv<strong>in</strong>g bus<strong>in</strong>ess ethic and these<br />

results lead to the premise that long-term improvement <strong>of</strong> America's bus<strong>in</strong>ess ethics lies<br />

<strong>in</strong> a three-fold approach these can be f<strong>in</strong>d here:<br />

First, <strong>in</strong> both public and private companies it is necessary for employees to understand<br />

that expectations for ethical behavior <strong>in</strong> an organization beg<strong>in</strong> at the top and that senior<br />

management expects all employees to act accord<strong>in</strong>gly.<br />

Second, the best method <strong>of</strong> <strong>in</strong>dicat<strong>in</strong>g this top-down attitude and the bureaucratic<br />

command<strong>in</strong>g system is adoption and explicit, unconditional support <strong>of</strong> a corporate code<br />

<strong>of</strong> conduct and the hierarchal systems.<br />

Third, cont<strong>in</strong>uous learn<strong>in</strong>g is one <strong>of</strong> the <strong>in</strong>herent characteristic <strong>of</strong> an ethical company or<br />

organization so specific tra<strong>in</strong><strong>in</strong>g sessions are necessary to prepare managers to consider<br />

ethical implications <strong>of</strong> all bus<strong>in</strong>ess decisions.<br />

But the other step can be added here is creat<strong>in</strong>g the culture <strong>of</strong> ethic <strong>in</strong> the company or<br />

organization. Employees should believe themselves the behavior <strong>of</strong> ethic.<br />

COPY RIGHT © 2011 Institute <strong>of</strong> <strong>Interdiscipl<strong>in</strong>ary</strong> Bus<strong>in</strong>ess <strong>Research</strong><br />

JANUARY 2011<br />

VOL 2, NO 9<br />

498

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