examples of business ethics
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Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
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Ethics are the moral standards you rely on when you make a decision.For responsible decision making in a business environment, a good set of ethics is key. If you’re new to management, Building on this when you maintain a high set of ethics as you conduct your business it provides benefits to everyone. Ethics are not only a guide to making decisions, but also the criteria the public judge you on. In business, this is critical, because how people see you and your company is the basis of building trust.
. The reasons for having high ethical standards include:
A higher moral within your employees and the organizationIt helps to attract new customersIt builds higher customer loyaltyIt reduces the risk of negative press or backlash caused by doing “the wrong” thingsIt helps to make a positive impact on the community
. The reasons for having high ethical standards include:
A higher moral within your employees and the organizationIt helps to attract new customersIt builds higher customer loyaltyIt reduces the risk of negative press or backlash caused by doing “the wrong” thingsIt helps to make a positive impact on the community
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