Imagine you and a partner have joined together in a newly formed business venture that has the potential to be successful in providing a needed service or pleasurable activity. This new business venture also has the potential to earn you and your partner a good return on your investment. As a part of your partnership, you agree that writing a mission and purpose statement or credo will be helpful for public relations. You also want to develop an ethics policy to guide the actions of employees of your new business.
An example of a new business venture might be one of the following: a specialty retail store (such as food, cigars, ice cream or others), a service of some type (package delivery, home repair/remodel, or others), or any other type of business.
Mission Statement
Your business’s mission statement or credo should contain the following responsibilities:
What would your mission statement say? What values would you include?
Ethics Policy
The ethics policy should reflect the possible circumstances where ethics might be breached. Depending upon the type of business, certain protocols should be followed to ensure that best ethics and best practices are followed. This could involve things like the following:
The ethics policy should reflect management of potential ethical risks associated with the business. This could involve things like the following:
The ethics policy should reflect ways to instill a strong ethical sense of ethics in both owner and employees. This could involve things like the following:
Write a 3- to 5-page paper in which you do the following:
Use information from the readings, outside research, or other valid sources to support your views and ideas. Note: You may wish to review the mission statement and ethics policies of your workplace or a business familiar to you.
Watch the “Moment of Truth – Business and Better Decision Making” video [3:22].
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