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How Ethics Relate to Business

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Describe several reasons why ethics is relevant to business. Can a "good business" be an unethical business?

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This solution discusses the relationship between ethics and business.

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Ethics is relevant to business because businesses are dealing with human beings who put their trust in them and believe they will do their best to look out for the best interest of the customer, above all else. Also, businesses have certain legal codes they must abide by. Last, but not least, ethical businesses will uphold a positive reputation in the eyes of the customer and maintain their loyalty. I will use a personal example of ...

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Carmel Philistin, MBA/HCM
Education
  • BA, Brooklyn College
  • MBA/HCM, Phoenix University
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