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Business Code of Ethics - Research Paper Example
Author : rethamarquardt
Pages 3 (753 words)
Business Code of Ethics Name University Professor Course Date Business Code of Ethics Doing the right things is the encouraged actions and behaviors in the society. It deals with the motive behind the actions that dictate whether a person or a group of people want to bring a common good to everybody or just taking action for his own benefit…
On the other hand, ethics is more social and more specific than morality and the practical counterpart of it (Stewart, 2011, p. 7). It serves as the guide for the actions and behaviors especially in professions and organizations. In business, it is also very important especially in companies where complex system works together with many people involve. Some actions are not tolerated as those may become detrimental to the individual and to the whole organization. Misbehaviors may destroy the reputation of the business and may affect its sales (Boone and Kurtz, 2011, p. 197). Later on, profits may also decline as a result of losing sales that may lead to more undesirable conditions of the organization. It may not be able to sustain its operations and the management may decide to have massive lay-off to save the company. If it comes to the worst case scenario, the company will close due to bankruptcy. The illustrated possibilities that may happen to the company due to misbehavior only show how ethics is important to guide each person in his course of actions in his daily life especially during the times he spend in working for the company. ...