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Ethical Issues in Business
Ethical Issues in Business
Ethical Issues in Business
• Business ethics are moral principles that guide the way a business behaves.
• For example:
• Attract customers to the firm's products, thereby boosting sales
and profits
• The past conception of the companies about the ethical issues in business
was related to the administration of rules, regulations in the organizations.
• Today, people from the top management level and the business owners
have understood that this concept of ethical issues in business is far
superior than handling the rules and regulations and their effective
implementation.
• There are wide ranges of issues related to the business
ethics currently observed by the market analysts. today,
• This challenge can become more difficult when the image companies
choose to project has a significant sexual charge.
• Acceptance of product.
For example : most of consumers prefer classmates notebook of ITC
just because it is eco-friendly and also it contributes a part of its profit
for social welfare.
DISADVANTAGES OF BUSINESS ETHICS
• Business ethics reduce a company's freedom to maximize its profit..
• Diversity in achievements.
For example. A company may diverse from its achievements and turn
towards any other directions.