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Stronger/more ethical values can increase sales due to a larger demographic. For instance, not making clothes in sweat shops will further interest in the business to people that refuse to buy clothes from places that do use sweat shops, and this can cause in increase in sales.
However, be careful when answering questions on ethical business, because it can also affect sales negatively. i.e. clothes not made in sweat shops will usually cost more.
Other reasons may include:
- satisfying shareholder expectations
- establishing a working environment that matches core values
- ensuring that the business is an equal-opportunity employer
- engaging actively with local communities as a partner
- maintaining high standards of integrity
- maintaining a safe working environment for employees
- protecting the reputation of the business
- building trust with those with which the business works with
- guarding against unethical employees & competitors
- adhering to the practice of full disclosure on the quality of goods & services
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Areas of concerns for business ethics?
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When was Business Ethics Quarterly created?
Business Ethics Quarterly was created in 1991.
When was Society for Business Ethics created?
Society for Business Ethics was created in 1980.
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What has the author Sherwin Klein written?
Sherwin Klein has written: 'Business ethics' -- subject(s): Business ethics, Ethics
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