The Importance of Ethics and Values in Business Sustainability

1326 Words 6 Pages
Business Management Research Assignment (chapter 5 & 11)

Q1: The importance of ethics and values in business sustainability:
Ethics has to do with an individual’s judgment and their morals. Their ethics help us determine right from wrong. “Values are attitudes towards things like truths, justice, honesty etc.”( Nieuwenhuizen, Oosthuizen & Drotskie 2012:95)
Ethics and values are important within a business organisation because they influence morals and decisions within an organisation and need to be present in order to promote business sustainability. The decision to behave ethically is a moral decision and employees need to decide what is right and wrong in the organisation even though the decisions may be difficult it still needs to be
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• Workers will want to stay in the organisation which will reduce turnover and increase productivity.

• Employees from other companies will be interested in working for your organisation. The organisation will have more talent to choose from which will increase the potential for productivity and therefore promote sustainability.

• Investors will be more interested in the organisation and this will protect the organisation from being taken over and by doing this the business organisation is cemented as a whole and sustainable.

• Assets protected-if workers abide by the ethics of the workplace then they’ll respect and protect the organisations assets. An example is if workers respect the workplace and are governed by morals then they wouldn’t make personal long distance calls with the company’s resources and this would ensure the organisation stays sustainable. Another example could be if employees abuse the workplaces internet by always using the Wi-Fi and downloading personal things, this is an example of not protecting the organisations assets and being unethical towards the organisations resources rendering the business unsustainable.

Ethics and values are very essential, customers and other companies don’t want to do business with an organisation that is dishonest and employees don’t want to work for an untrustworthy company. If values and ethics aren’t