Meaning Of Business Ethics

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Introduction:
In every business there are different environments, some are considered good and others are considered bad but for a good business a good environment is definitely required. This essay will be discussing one of the most important factors to create a good business which is business ethics, the importance of business ethics and why it’s considered so important for the business. Another aspect of the discussion is the responsibilities of a business toward the society and the last discussion is the term of consumer rights and how does help to protect the consumer.
Q1
Definition of business ethics:
Business ethics can be described as the study of how we ought to conduct business; the study of what makes certain actions within the …show more content…

The ethics influence and contribute to employee commitment , investor and customer loyalty and confidence , legal problems and penalties , customer satisfaction the ability to build relationships with stakeholders , cost control performance , reputation and image , leaderships ethics and ethical organizational culture . These elements are part of the ethics in the organizational without the ethics business it cannot working in smooth way. The ethics between the all stakeholders are important, and it will tell you what to do or what do not to do what the ethical and what unethical like be honest with your customer and do not but your employees under pressures. The ethics very important it organized the …show more content…

You will get trust and a good reputation are some of your company’s most valuable assets as well it will attracts and retain staff and it will increased employee commitment performance and job satisfaction.
Customers are attracted to socially responsible companies: Developing innovative products that are environmentally or socially responsible adds value and gives people a good reason to buy from you.

Corporate Social Responsibility attracts investors:

Investors and financiers are attracted to companies who are socially responsible. These decision-makers know this reflects good management and a positive reputation.

Corporate Social Responsibility encourages professional (and personal) growth:

The staff can develop their leadership and project management skills it makes well designed CSR.
THIS is simple a term building exercises and motivating the staff to form strong relationships with people that is not normally meet.

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