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Importance Of Ethics In Business

776 Words4 Pages

Business ethics are the moral principles that govern the way the business act. Acting ethically in a business means the distinguishing between “right” and “wrong” and choosing the right thing. Having good ethics is not the only important thing in a business, applying them is more important as it guides the business to success, but if they are not applied the business will fail for sure. Governments impose some laws and regulations in a way which directs the business to the way that it could be beneficial to the country and the society. Business ethics in any business organization is important as it needs to confirm the expectations of the stakeholders and the society. The success on any society depends mainly on the society so if they did not gain their satisfaction they will not succeed. The main aim of the ethics in any business is to provide stability, attract employees, increase the reputation, attract investors and mainly increase the profit as much as possible. Some other important issues dealing with the ethics is the environmental responsibilities. This can be recognized in treating the waste products correctly, control the air pollution by minimizing the waste gases released. Ethics can’t be applied individually; each and every employee should do his work in honesty and integrity. The successful businesses are those having employees using ethics to guide their work and behavior. This can be present in the employees by frequent training sessions and motivational

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