Business ethics
Ethics refers to the set of norms and customs that direct or value human behavior in a community. This is how the definition of business ethics refers to the study of how a company should act in the face of ethical dilemmas and controversial situations not only from a legal perspective, but also from a social point of view. Business ethics as a field of study is very diverse, however, many concepts can be broken down into a few basic principles, such as integrity, respect, fairness, and care. Importance of business ethics Business ethics are important for a variety of reasons. One of those reasons and it is one of the most outstanding is that it keeps the company working within the limits of the law, ensuring that they do not commit crimes against their employees, clients, consumers in general or other parties. However, the business also has other advantages that will help them be successful if they know business ethics. Businesses can also build trust between business and consumers. Following business ethics can also be beneficial to employees and company operations. Attracting top talent is significantly easier for ethical companies. This produces more dedicated employees and can also reduce recruiting costs. What are the benefits of business ethics ? Better image of the organization: If a company cares about acting ethically within its environment, not focusing only on achieving the greatest economic benefit, but also cares about the people who in one way or another intervene in the growth of its company, then the image of the same will improve a lot. Better internal functioning: Each member of the organization knows how to act at all times. The ethical business is essential if you want to stay in the industry
