Practicing business ethics can contribute to the growth of your company in many ways including public relations, employee productivity, investment and even employee retention.
Ethics contribute to shareholder wealth in a very huge manner. With proper ethics, it will lead to customer satisfaction which will increase the sales and cash flow which are the main components of shareholder wealth.
Normally, a business with have an ethics committee that monitors business ethics. If there are any concerns, the committee will have a meeting to investigate the problem.
There are many advantages of ethics. You are more trustworthy if you have ethics. If you are business owner, customers are more likely to want to do business with you.
Ethics has become so important in business for various reasons. This is what is being used to enhance professionalism and define the code of conduct in business.
Legal responsibility is business ethics. You can research the topic or check with the Small Business Administration.
types of business ethics
advantages of business ethics
what are objective of business ethics
Why is ethics seen as a fundamental business concept
Ethics
role of ethics in business success
areas of concern for business ethics
Business Ethics Quarterly was created in 1991.
Society for Business Ethics was created in 1980.
Journal of Business Ethics was created in 1982.
Sherwin Klein has written: 'Business ethics' -- subject(s): Business ethics, Ethics
business ethics means tactics applied for more profit we have to apply business ethics to earn more money