The Ambiguity Of Business Ethics

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When it comes to business ethics, I strongly disagree with the statement. This is because what managers should understand is that ethics are supposed to be international not local. Ethics can be defined as a set of standards that govern a person’s behavior or the behavior of a group or an organization. Basically, ethics refer to the distinction between what is right and what is wrong. However, in terms of business environment ethics, determining what is “right” may not always be straightforward. Most dramas in business settings relating to ethics are usually in the conflict between what one person thinks is right against what another person thinks is wrong depending on what seems to be effective at the moment. This brings about the ambiguity of ethics understanding. This is because, some people believe that ethics are supposed to be…show more content…
Ethics also uphold employees’ relationships with each other such that they are obliged to stay in the organization with reduced labor turnover. This in the long run results in improved returns. More importantly, business ethics attract potential workers in an organization and this reduces recruitment expenses which also ensures that the organization acquires the most appropriate employees for specific posts. In addition to this, good business ethics are an attraction to potential investors because of the increased profits and they maintain the life of the business. Good ethics result to a good business and the outcomes are success and increased profits. In contrary, unethical behaviors discourage stakeholders and investors because they lose trust in the company. Employees’ turnover is also high and this increases recruitment costs. When production cost increases, returns are also reduced and the business is usually at the verge of falling. In conclusion business ethics are determiners of
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