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What is the benefit of following code of conduct in management?

Answer and explanation

Correct answer: Trust and accountability increase

A code of conduct sets standards for honest, fair and responsible behaviour by managers. Following it builds the trust of employees, customers and other stakeholders, while also making managers more accountable. It does not increase uncertainty in decision-making; clear ethical guidelines generally reduce it. Exam tip: Link a code of conduct with ethical behaviour, trust and accountability.

Related tags

Management As A ProfessionCode Of ConductEthical ManagementAccountabilityStakeholder TrustClass 12 Business StudiesNature And Significance Of ManagementBusiness Studies

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