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Values and Ethics in Professional Business
Pages 12 (3012 words)
The magnitude of values as well as ethics in the professional business world is believed to be superlative along with being global. The constant increase in the degree of competition along with growing complexities has made it necessary for the businesses to pursue values as well ethics.
This makes the smooth functioning and sustained endurance of the business organizations quite certain. Fresh inclinations and concerns which occur on a regular basis are capable enough of giving rise to a significant trouble for the organizations and even for the end-customers. The environment of business has been undergoing a constant alteration which is giving birth to various complexities with regard to the business organizations (International Trade Administration, 2004). In the recent times, owing to the intricacies involved with businesses it has become necessary and vital for the organizations to indulge in appropriate ethical behavior and to maintain certain values for the reason of staying away from probable lawsuits. The public disgraces of the corporate unethical and malpractices have created an adverse influence on the viewpoint of the general people towards numerous organizations like Arthur Andersen, Enron, Union Carbide and WorldCom (Mahdavi, 2005). The Need for Values & Ethics in Professional Business Compromising with the values and indulging in unethical behavior have led to the collapse of quite a few organizations. In the present day’s context, the business organizations are anticipated to comply with the standards regarding carrying out of the business in a responsible way. The expected standards surpass the ones that were followed traditionally. ...
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