Companies and Business Ethics
Companies and Business Ethics
National American University
Abstract
Business ethics play a major role in the business world today. Since their development they have become a major influence on anything business related. The importance of business ethics was chosen to give more of an in-depth look at not only basic benefits that business ethics bring about, but some not so known benefits that come about as well. Business ethics bring about a great moral to the corporation and its culture, allowing the organization to use this as a tool for a multitude of organizational affairs. While there are some that oppose the use of business ethics in today’s business world, the benefits that are brought about outweigh the opposition’s points. With the benefits that are brought about and the oppositions invalid arguments, it can be plainly seen why business ethics should be implemented and a core aspect of any business that is looking to be successful in today’s world.
Maintaining a piece of today’s ever changing market is becoming increasingly difficult. The needs of the consumer fluctuate drastically, competition is at an all-time high, and the number of competitors is increasing daily. Considering all of these factors it is feasible to see why a cutthroat mentality is needed and sometimes used for business. However, this cutthroat mentality is the reason why organizations are no longer fully trusted. With decisions and actions made by Enron, Arthur Andersen, and Bernard Madoff, how are consumers and the public supposed to fully give their trust to something or someone. Recently organizations were looking for a way to create a positive public image, improve employee retention and moral, sustain a competitive advantage, and increase their bottom line. For these reasons and more companies today are starting to see the importance of business ethics and how they can impact a company’s overall performance. The following should help give a further
National American University
Abstract
Business ethics play a major role in the business world today. Since their development they have become a major influence on anything business related. The importance of business ethics was chosen to give more of an in-depth look at not only basic benefits that business ethics bring about, but some not so known benefits that come about as well. Business ethics bring about a great moral to the corporation and its culture, allowing the organization to use this as a tool for a multitude of organizational affairs. While there are some that oppose the use of business ethics in today’s business world, the benefits that are brought about outweigh the opposition’s points. With the benefits that are brought about and the oppositions invalid arguments, it can be plainly seen why business ethics should be implemented and a core aspect of any business that is looking to be successful in today’s world.
Maintaining a piece of today’s ever changing market is becoming increasingly difficult. The needs of the consumer fluctuate drastically, competition is at an all-time high, and the number of competitors is increasing daily. Considering all of these factors it is feasible to see why a cutthroat mentality is needed and sometimes used for business. However, this cutthroat mentality is the reason why organizations are no longer fully trusted. With decisions and actions made by Enron, Arthur Andersen, and Bernard Madoff, how are consumers and the public supposed to fully give their trust to something or someone. Recently organizations were looking for a way to create a positive public image, improve employee retention and moral, sustain a competitive advantage, and increase their bottom line. For these reasons and more companies today are starting to see the importance of business ethics and how they can impact a company’s overall performance. The following should help give a further
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