Tugas Bahasa Inggris

Nama : Fahrul Razi Wijaya Saputra

NIM : 195410017
Kelas : IF-1

TOPIC WHY BUSINESS ETHICS MATTER?

H. Sound Decision In a world where people and businesses are becoming increasingly
Making distrustful of each other,
companies that have ethical business models come across as a breath
of fresh air for
customers that have no choice but to trust their products and services.

Applying ethical practices can sometimes prove to be easier said than

done in the business
scenario as some business leaders are not as ethical as they claim to
be in public. However,
choosing to be ethical or not is strictly a matter of personal choige on
part of
entrepreneurs, especially keeping in mind the large number of
expensive lawsuits that have
been filed against many big and established corporations over the
years.

Ethics in business essentially entail maintaining high standards and

meeting legal and moral
obligations. Since most businessmen think in terms of profit and loss,
compromising on
ethics may seem like a necessary evil to them. However, organizations
that have been able
to successfully create healthy corporate culture are bound to have
happier and satisfied
workforce and customers. These organizations go on to establish
relationships with their
internal and external stakeholders based on trust and respect.

It is true that the culture of a company influences its employees and

also the decision
making factors at every level. Most large multinational corporations
have policies related to
 Corporate Social Responsibility in place; stressing on the need to give
back to society and
adopt more environmentally friendly practices. In this post we would be
focusing on how
following ethical business practices make business sense and can be
profitable.

G. Boost Team Spirit Strong business ethics will help you attract people who fit your
company culture and relate
to your business, thereby ensuring that you have trustworthy
employees working for you,
Your employees will respect your company only when they feel they
are respected by you,
which again boils down to the trust factor. Once you build a bond
based on integrity and
trust with your employees, they would feel proud of being associated
with your business,
avoid malpractices and become loyal instead.
F. Minimise The actions of your company and your employees reflect your
Distractions at Work company culture. It slowly
becomes an influential factor towards how the public perceives your
company. Based on
this, your business can create a positive image and earn respect and
adulation for what it
does as well as gain a favorable market position, or it can create a
negative image and lose
out on customers.
Ethical practices will help you create a strong public image which can
help your company
tide over difficult times and withstand tough competition even in a
slow/economy. In fact,
in a bad economy, people prefer to put their trust in companies they
consider ethical.
Hence, ethical business practices are crucial for building a good future
for your company.

E. Conclusion Partnerships, joint ventures and mergers will be a breeze if people feel
they can trust you.
The only means to finding such trustworthy partners is for you to
maintain a good
professional and industrial reputation.
D. Impact on When your employees make note of the fact that your organization
Partnerships upholds ethical
conduct, they will automatically make all their decisions based on
these very same ethics.
That will make you a happy and trusting businessman and will also
augment accountability
and transparency in the decision making process. Having a strong
ethical background also
works as a guide to employees when facing tough challenges, It will
also prepare you to be
able to empathize with your employees thereby boosting the validity of
the code of
conduct in your organization.

B. Attracting the Right When employees have to worry about ethical concerns at work, it
Talent causes a distraction in
their minds and that, in turn, results in a loss of productivity. This adds
to your business
costs, Such situations can grow if issues related to unethical behavior
are not addressed and dealt with straightaway. Furthermore, they can
also cause confusion and anger within the
employees as they might think that you are practicing double
standards, It is important to
have a clearly defined policy on following business ethics for
employees to avoid such
situations.