Ethics in business

Joined
Sep 25, 2023
Reaction score
1,993
Trophy Points
121
Location
Philippines
D Bucks
💵5.807950
Referral Credit
100
Business ethics is defined as the standard for morally right and wrong conduct in business. How can one say that a business is morally right? One can attest to this through the manner the business owner executes his business actions like the prices that are on the standard level and the services that are appreciative and not destructive to customers like fake products. Law partially defines the conduct, but “legal” and “ethical” aren't necessarily the same. The behavior shown by the business area must be acceptable to society, especially the customers. Business ethics explains the policies and procedures regarding topics such as fraud, bribery, discrimination, and corporate governance. They must be fully implemented. Never do business without knowing the business ethics.
 
In the tech and internet sector, top companies are extremely dishonest, greedy and without any ethics at all, openly rewarding financial fraud, slavery of online business owners, investors and workers.
 
Business ethics is extremely important. How people view and value your business is mostly determined by the ethics you have set in place for them to see.
That's right we just need to work with the right ethics either in the workplace or business to help the business functions properly
 
Business ethics is very important for the reputation of the business. The customers can also witness and justify the procedures of the business' management. It is crucial to violate the legalities of the business and the conduct pf the workers .
 
There are ethical standard in business like appropriate pricing that must be based from the national suggested retail price, no hoarding of goods for the benefits of profiting more after some months and salaries for the workers that must not beyond the labor laws.
 
16,303Threads
118,601Messages
365Members
bvrao99Latest member
Top