Inspiring loyalty in employees and management ensures that they are committed to best practices. Loyalty: Leadership should demonstrate confidentially and commitment to their employees and the company.If a practice or behavior would make you feel uncomfortable or place personal or corporate benefit in front of equality, common courtesy, and respect, it is likely not fair. Fairness: Everyone should have the same opportunities and be treated the same.Compassion: Employees, the community surrounding a business, business partners, and customers should all be treated with concern for their well-being.Without divulging trade secrets, companies should ensure information about their financials, price changes, hiring and firing practices, wages and salaries, and promotions are available to those interested in the business's success. Transparency: Stakeholders are people with an interest in a business, such as shareholders, employees, the community a firm operates in, and the family members of the employees.Responsibility: Promote ownership within an organization, allow employees to be responsible for their work, and be accountable for yours.If there is a legal grey area, leaders should err on the side of legality rather than exploiting a gap. Respect for laws: Ethical leadership should include enforcing all local, state, and federal laws.Bad news should be communicated and received in the same manner as good news so that solutions can be developed. Partial truths, omissions, and under or overstating don't help a business improve its performance. Honesty: Truth in all matters is key to fostering an ethical climate.Everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy. Respect for others: To foster ethical behavior and environments in the workplace, respecting others is a critical component.Someone with integrity consistently does the right thing and strives to hold themselves to a higher standard. Integrity: Incorporates other principles-honesty, trustworthiness, and reliability.Commitment to following ethical practices and ensuring others follow ethics guidelines. Accountability: Holding yourself and others responsible for their actions.
#AIM DEFINITION IN BUSINESS PROFESSIONAL#
Leadership: The conscious effort to adopt, integrate, and emulate the other 11 principles to guide decisions and behavior in all aspects of professional and personal life.
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