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Business Ethics And The Business World

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Business ethics play an essential role in the business world today. Since their development they have become a major influence on anything business related. The importance of ethics was chosen to give more of an in-depth look at not only basic benefits that business ethics bring about, but some less known benefits as well. Business ethics add great morale to the corporation and its culture, allowing the organization to use this as a tool for a multitude of organizational affairs. While there are some that oppose the use of business ethics in today’s business world, the benefits outweigh the opposition’s points. Comparing and contrasting the benefits and the opposition’s invalid arguments, it can be plainly seen why business ethics should be implemented and are a core aspect of any business that is looking to be successful in the modern world.
Maintaining a piece of today’s ever changing market is becoming increasingly difficult. The needs of the consumer fluctuate drastically, competition is at an all-time high, and the number of competitors is increasing daily. Considering all of these factors, it is feasible to see why a cutthroat mentality is needed and sometimes used for business. However, this cutthroat mentality is the reason why organizations are no longer fully trusted. With decisions and actions made by Enron, Arthur Andersen, and Bernard Madoff, how are consumers and the public supposed to fully give their trust to something or someone. Recently, organizations were

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