The Ethical Code for Small and Medium-Sized Business According to the Principles of Social and Ecological Responsibility

• Main Authors: Rudyk Nataliia V., Polischuk Yevheniia A., Sybirianska Yuliia V.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-02-01
• Series: Bìznes Inform
• Subjects: goals of sustainable development; business ethics; SMB; ethical code of SMB management; social responsibility; ecological responsibility
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-2_0-pages-196_203.pdf
• ISSN: 2222-4459; 2311-116X

The article is aimed at studying the basis of formalized approach to the management of small and medium-sized business (SMB) according to the principles of social and ecological responsibility. The fundamental modules of the ethical code of SMB management are formed, becoming a reflection of causal relations between the global goals of sustainable development and the prospect of Ukrainian business in the foreign economic activity, as well as its initiative on the world stage. The content modules of regulation of the basic relations between the key subjects of SMB and their orientation to a qualitatively new level of business are defined. The key provisions of the code, regulating social responsibility of SMB, are proposed as follows: guarantee of favorable and safe working conditions; support for cultural diversity versus discrimination and harassment; regulation of the recruitment and employment process; motivation to increase intellectual capital through training and development. During the self-regulation of the SMB ecological responsibility it is proposed to adhere to such provisions of the code: compliance with ecological policy; optimality of strategies and instruments in accordance with the environmentally friendly goals; ecological orientation in relations with contractors.