Question

Thomas Donaldson has observed that "There are three key reasons why business ethics is not a fad and why ethics plays a key role in business. Kindly explain these three key reasons?

Answer 1

Answer:

The three key reasons why business ethics plays a key role in business are

• it prevents any kind of malpractices because the company which follows ethics allows it to build trust among its employees and prevents any kind of bad practices which is against company rules and regulations.
• it will help to ensure a good reputation for your company because following good ethics will eventually increase trust among the public.
• If you follow business ethics, you can hire good talent for your company since following good business ethics always attracts more people. It will also help to maintain a good relationship with the employees

#SPJ6