Essay on Why Are Ethics Important? - 737 Words.
Business ethic is about ensuring acceptable standards of behavior throughout all operations of a business. It involves complying with company, legal, professional and regulatory standards, and abiding by principles such as: fairness, honesty, respect and truth. It guides the understanding of what is right or wrong in the workplace.
Business ethics is the study of principles and moral values in business. The goal of business ethics is to provide ethical solutions for problems encountered on the everyday basis. It can be applied to both individuals and large organizations. These values help a business to maintain a good relationship with investors and stakeholders.
Ethics are important to the business organisation as well as the whole community. Ethics should be implemented ideally throughout all aspects and operations within organisation. With successful implementation of ethical management, organisation can enhance the efficiency in the long run.
Importance of Ethics Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want businesses to be fair, clean and beneficial to the society.
A more important issue is the different interpretations of what is right and wrong due to cultural, societal, and personal standards. There is no way a business can please everyone. However, there is no intrinsic reason why a business should operate ethically.
Codes and Policies for Research Ethics. Given the importance of ethics for the conduct of research, it should come as no surprise that many different professional associations, government agencies, and universities have adopted specific codes, rules, and policies relating to research ethics.
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