business and ethics

What do you guys think Ethics should be considered in business? I mean why they should consider ethics in business? businesses have been accused
of ignoring ethics in favor of money--the tobacco industry, for example. How much consideration should businesses give to the
ethical aspects of the decisions they make?

if there is ethics in buisness then it is like community service 😆

Ooooh...interesting topic! I have a lot to say! (as usual) 😉

To me, a company's core operational values can actually be used as a marketing tool 😃- Being ethical and honest in all business dealings has always been considered good business practice. Doing business the way it has "always been done" just doesn't work with savvy consumers any longer. In the wake of numerous scandals, consumers have become more cautious and skeptical and want to know more about the companies they're doing business with.

Ethics should start from the top. and work its way down in any organisation. Being honest and open is the only way to succeed at business. The entire discussion of business ethics still rests on rather ambiguous grounds. Often, what one person considers highly unethical can be absolutely legitimate in another person's eyes. Many businesses owners feel that as long as the law is not violated, then anything goes. Despite the subjectivity of many ethical issues, the following activities are almost unanimously considered unethical: breaking the law, misleading consumers, cheating on taxes, exploiting labor, and harming the environment. Rather than simply recognizing the difference between ethical and unethical activities, business owners need to realize the tremendous benefits of operating an ethical company, and the severe disadvantages of utilizing unethical operations.

In any business, the bottom line should not come at any price. Stockholders and business partners have much to gain through the implementation of an ethics program. Since trust is one of the most vital assets than a company can possess, then maintaining the highest ethical standards will only add to a company's core value and success. Besides, the consequences of success in an unethical business are short lived. 😕

Naive? Maybe, but by creating and enforcing ethical parameters, not only does a business stand to gain profit, prestige, and employee loyalty, but that business also helps to make its world a better and more honest place. (ok... stop laughing all you cynics) 😳