Importance Of Ethics In Business

877 Words4 Pages
Question 1: Business ethics mean acting in right way which involves distinguish between right and wrong. Applying ethical way is applying in any organization is very important that will reflect an individual 's moral judgment about right and wrong. However, any decision taken within an organization may be made by individuals or groups, so who makes this decision will influence by his/her culture the company. These will bring so many benefits to a business, for example that will attract customers to the products, Secondly, make employees want to stay with the business, reduce labour turnover and therefore increase productivity. Attract more employees who want to work for the business, will attract many investors and keep the company share its price high that will help or protect the business from takeover. Moreover, when the business is applying ethical way, it will be success and well known between a million of organizations. Some people described that way as “a creative way”. Business ethics is the art and discipline of applying ethical principles to examine and solve complex problems which may occur. To develop trust that must be ethical so trust will be used as the indicator variable of ethics. So when the company does not apply the ethical behaviors that will lead to unethical practices in organization as well as in personal life. Sometimes some people wonder why some well-educated manager, well positioned act unethically? This is because of leaks of ethics in their
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