Business organizations strive to remain competitive and adopt newer technologies and strategies that drive success—as such, assuming the Caux Principles for Responsible Business will guide the organization in creating a safe workplace environment for both the employees and customers. According to Hartman et al. (2017), business ethics is critical to building a vision for the organization and long-term success by instilling ethical behavior. Together, the seven core principles set the foundation for business leaders to define ethical actions and decisions that impact their organization's processes (Stevens, 2008). Simultaneously, adopting these core principles stamps a statement that communicates the ethical, social, and corporate behavior necessary to succeed. Indeed, organizations comprise unique cultures, and these cultures define the beliefs and norms supported by the organization. Therefore, adopting these core principles will define, determine, and guide corporate culture, decision-making, and business practices.
Along with good business practices, ethical behavior forms a critical part of corporate social responsibility. More so, customers, employees, and investors are a direct benefit of good business practices and ethical behavior within an organization (Morrison, 2010). While the Caux Principles for Responsible Business do not guarantee positiveness and productivity in the organization, ethical decision-making should be guided by virtue. In essence, all business practices should be moderate enough to attract success. Leaders should, therefore, behave morally by virtue to prevent unforeseen consequences of their excessive generosity (Bennis, 2006). Resistance to the Caux Principles for Responsible Business's conformity is more likely to impact these principles' adoption. Not all employees will follow the guidelines these principles instill. While the argument may not be legitimate, creating a workplace environment geared towards promoting all employees' well-being remains critical to applying these principles.
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References
Bennis, W. (2006). Ethical Judgment and Moral Leadership. In D, Messik (Ed.), Moral leadership: The theory and practice of power, judgment and policy (Vol. 139, pp. 95-110). John Wiley & Sons.
Hartman, L. P., DesJardins, J. R., & MacDonald, C. (2017). Business ethics: Decision making for personal integrity and social responsibility (4 th ed.) . New York: McGraw-Hill.
Morrison, J. (2010). Responsibility, ethics and legitimacy of corporations . Journal of Education for Business, 85(5), 307-309.
Stevens, B. (2008). Corporate ethical codes: Effective instruments for influencing behavior. Journal of Business ethics , 78 (4), 601-609. DOI: 10.1007/s10551-007-9370-z
