Question

Ethics and profits are not incompatible.

any thoughts?

Answer 1

As a businessperson, you have to be able to make the distinction between ethical and non ethical business practices.

In other words, you have to be aware of where the law stands in relation to the business practice that you wish to undertake.

In recent times, corporate greed have driven business executives to undertake unethical practices. Enron was an accounting scandal where there was a wrongful presentation of finances to the public that was shown to hide big amounts of debts and failed deals (that made losses) The fraudulent activity was carried out by business executives that were benefitting from such business practices.

However, there are companies that are operating without induldging in unethical practices and it is important to understand how they are successfull and ethical simultaneously.