Ethics in business
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Why are ethics in business important? Are ethical standards different in different countries - I need at least 2 examples. Can a standard global ethical framework be developed? If yes, what challenges would it face if a firm attempted to implement it in all its global locations.
Any help would be greatly appreciated.
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Solution Summary
This solution discusses why ethics are important in business.
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Ethics are important to business for two reasons. First, if businesses act unethically, they are most likely acting illegally as well and this, if brought to light, may bring down a business. Therefore, it is important for businesses to act as ethically as possible in every department. The second reason that it is important for businesses to act ethically is that the public looks down upon businesses that are not ...
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