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BUSN 210 - Rubric For Debate - Take A Stand
BUSN 210 - Rubric For Debate - Take A Stand
Does being ethical result in better performance? In my opinion I believe this to be a true assentation.
One must remember that performance is not strictly just related to profits, but also includes qualities
such as reputation, social responsibility, as well as ethics. Personally I believe that being ethical adds a
lot to the reputation of the business. Being ethical will contributed to customer satisfaction. This is
logical because being ethical goes hand-in-hand with not fleecing your customers. Treating customers
right increases your chances of repeat business and getting more profit. In addition ethics contributes to
investor loyalty. As the textbook points out: “investors today are increasingly concerned about the
ethics, social responsibility, and reputation of companies in which they invest. In terms of professional
support, being ethical will increase employee commitment. With higher employee commitment,
employees will be better equipped to answer customers’ questions on a product, more knowledgeable
on the products, and will generally just care more. Finally studies have shown that ethics also
contributes to profits. As the textbook points out: “ample evidence shows that being ethical pays off
with better performance. Companies that are perceived by their employees as having a high degree of
honesty and integrity have a much higher average total return to shareholders than do companies
perceived as having a low degree of honesty and integrity.