Question

How much ethical decision making is important in Saudi Arabian business environment? Discuss

Answer 1

Ethics in decision making is important in any business environment irrespective of the country and geographical influence. Ethical decision making is of prime importance for the fact that managers are entrusted with the use of public money in the most efficient manner so as to maximize shareholder wealth and ensure sustainability of the business. In a country that is influenced by religious beliefs, it is important to follow the religion based ethics while doing business in the country. The reputation of the business depends on ethical decisions taken and also helps wins trust of outside stakeholders.