Question

“Good Ethics is also good Business”. Discuss

“Good Ethics is also good Business”. Discuss

Homework Answers

Answer #1

Ethics:

Ethics can be defined as set of values, behaviors, morals etc which an organization believes which is good for its operation and followed by its people.

Good Ethics is also a Good Busines, reasons provided below:

  1. The standardization of the business increases in the market through high influence on the culture of the company, as where only ethics can promote the company to sustain in the market for longer.
  2. Develops on positive and healthy work culture, as where the employees would adapt to the ethical values and norms as to create on ethical work environment.
  3. Ethics increases on the productivity through the customer image in the market.
  4. Ethics is important to retain on the top talents of the organization, so that the business could further develop in the market.
  5. Reduce on financial risks in the organization through increased productivity.
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