Business ethics is a set of moral principles, values and standards of conduct by which business corporations operate in a fair, legal and ethical manner. Whereas professional ethics encompasses personal and corporate standards of behaviour guided by these moral principles.
A company operating in high ethical standards gains good reputation and positive image in the marketplace; hence attracting investors, instilling customer trust and confidence. Good words from loyal customers are the most effective publicity.
When a company operates in an ethical manner and nurtures an ethical work culture, employees can make better decisions quicker with business ethics as guiding principles, which in return increases productivity and staff morale.
Employees who work for a corporation that demands a high standard of business ethics in all facets of operations are more likely to perform their job duties faithfully and stay loyal to that organisation.
Good ethical practices helps protect a company against corporate fraud and misconduct, thereby guarding its hard-earned profits. Companies with high standards of business ethics tend to thrive in long term sustainability.
A company operating in high ethical standards gains good reputation and positive image in the marketplace; hence attracting investors, instilling customer trust and confidence. Good words from loyal customers are the most effective publicity.
When a company operates in an ethical manner and nurtures an ethical work culture, employees can make better decisions quicker with business ethics as guiding principles, which in return increases productivity and staff morale.
Employees who work for a corporation that demands a high standard of business ethics in all facets of operations are more likely to perform their job duties faithfully and stay loyal to that organisation.
Good ethical practices helps protect a company against corporate fraud and misconduct, thereby guarding its hard-earned profits. Companies with high standards of business ethics tend to thrive in long term sustainability.
