“What are the advantages and disadvantages of ethical behavior in business?”

1794 WordsOct 13, 20138 Pages
Seitzhanova Assiya. Accounting 11.856. “What are the advantages and disadvantages of ethical behavior in business?” Nowadays the concept of ethical behavior in business ethics is one of the most debatable issues in the world’s business community. Why? Just because there is a global division of business people on who are completely blinded by the word “money” (their number increases with each year) and who not. Each of these two groups of people has certainly own truth. For the first group any business activity is just the activity that must make money for the owner, for the second group any business activity must make money+benefit as for the owner, as for the employees, as for the customers. Which way is the truth? In order to answer on…show more content…
It is obvious that a fine is our money that is just wasted in such cases. The unethical behavior, related to the legal responsibility, could be in the form of “black accounting”, using substandard materials in the products, bribery and false documents. The business world is full of temptations to infringe the law, because people don’t want to wait, to work fairly, to invent, they just want “easy money”. There is a formed and invincible opinion that the “easy money” could be achieved only in the case of acting “out of law”. I think that as “easy money” could turn your “easy life” into difficult life in prison, therefore the “out of law” way is not a single way to make “good” money and Dmitrii Remizov6,who is the chief of the successful russian IT-company “СКБ Контур” (www.kontur.ru), proves this conclusion. The next advantage is called “trust of investors”. Martha Vasquez in her article7 says that when a person or an entity looks for a company to invest, it takes into account many criteria and one of them is the public image. Doubtless, your public image will be positive due to your ethical behavior with customers. Also, ethical business considers a responsibility to the investor, consequently, as an investor knows this fact, he will feel himself and his money much more reliably with your ethical company. So, he will choose you. The fifth advantage is
Open Document