Case Study On Business Ethics

965 Words Aug 29th, 2015 4 Pages
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Case Study on Business Ethics
Introduction
Ethics describes combination of values that guide the behavior and conduct of persons or entities. It facilitates them to distinguish between wrong and right, good and bad, what can be or should be done and what cannot and should not be done. Business contracts are lawfully binding. However, they are effectual with a robust ethical framework where parties observe and satisfy their contractual responsibilities. An efficient operative economy is enabled by competing for, acquiring and completing contracts ethically. In the case of engaging in unethical conduct a company may lose contracts, particularly government contracts, and waste resources in litigation while looking for damages. This article describes the strategy notion and different methodologies to the tactical use of social responsibility and ethics for the business environment and also impact to the employee
Discussion
While discussing ethics, corporate culture includes shared values, beliefs, attitudes, and standards that describe an organization members as well as define its nature. It is embedded in an establishment 's strategies, goals, structure, and approaches to investors, customers, labour, and the society as a whole. Honesty is the character of an individual being sincere, truthful or frank. On the other hand Integrity refers to being honest and having stout moral values and moral uprightness. All the define aspects…
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