The Importance of Ethics in Business
Recent events in corporate America have demonstrated the destructive effects that occur when the leadership of a company does not behave ethically. One might wonder how such gifted, highly; savvy organizations such as Enron, Tyco, and WorldCom got themselves in such of a big mess! Well, I am here to tell you that the answer lies within the idea and importance of business ethics.
"Business ethics should be interpreted as the standards of conduct of individual business people as well as the business as a whole." Running a business ethically is good for business as well for society, because, customers and consumers get a chance to see business performed to an optimum when a company has the presence of business ethics.
CEO's, Presidents, and Vice-Presidents, are expected to run their business as most effective as possible in order to attain profitable returns and assets. A successful and profitable business can be a major influence toward the common good of society, but at the same time lack the presence of business ethics. The problem lies in a company's mission statement! CEO's are supposed conduct
2.
their businesses and time worrying about doin ...