WHY SHOULD BUSINESSES ACT ETHICALLY?
An organization has to be ethical in its behaviour because it has to exist in the competitive world. We can find a number of reasons for being ethical in behaviour, few of them are cited below: Most people want to be ethical in their business dealings. Values give management credibility with its employees. Only perceived moral righteousness and social concern brings employee respect. Values help better decision making.
There are a number of reasons why businesses should act ethically:
- to protect its own interest;
- to protect the interests of the business community as a whole so that the public will have trust in it;
- to keep its commitment to society to act ethically;
- to meet stakeholder expectations;
- to prevent ...
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