CODE OF ETHICS AND CODE OF CONDUCT
Code of ethics and code of conduct specify the ethical standards that a group (e.g., staff or a professional group) should follow in order to continue as a member of the group. They are generally formally stated and members are required to accept them as part of their membership of the group while accepting employment/membership. Values vary between individuals and across cultures. Hofstede's four value dimensions (1980) help us understand cultural value clashes. Long-term versus short-term values affect many aspects of organizational life. The four key ethical principles are egalitarianism, utilitarianism, individual right, and distributive justice. Organizations following the utilitarianism approach in ethics ...
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