Do you think companies have to operate ethically to be financially successful? Why or why not?
Do you think companies have to operate ethically to be financially successful? Why or why not?
Business ethics refers to the set of norms and fundamental principles that need to be followed when carrying out business activities, functions, and conduct. These legal ethics are significant for every business to comply with as it defines the manner and actions of employees and other members in an organization. Some several policies and regulations are framed by the management so that each one is aware and reminded about their actions, conduct, and behavior. These ethics also define the values, norms, culture, and customs, that an organization follows to carry its operations. Violating business ethics comes under the domain of punishments and legal proceedings. Therefore, every member, executive, and the organization as a whole must make efforts to determine and follow the ethics in the right manner.
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