business ethics and law #1

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Business Ethics and Profitability "The promotion of ethical business conduct is a critical part of operating a well regarded and profitable business " is a statement controversial enough to initiate debate in any place . The writer of this believes the contrary . There are some companies who might be able to find money in operating ethically but there are arguably more companies out there who make money by discarding ethics , though not in its entirety . A lot of businesses nowadays are extremely profitable yet they have quite some questionable

practices that consumers do not really take heed . Between the cutthroat competition amongst suppliers to deliver the lowest prices and the consumers ' desire to get the best bang for their buck , business practice ethics are hardly ever put into serious consideration by the seller and the customer , the two parties in a sales agreement

According to the BNET dictionary , business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations ' The writer of this believes that business ethics is the moral principles set forth by a company in how they negotiate and conduct themselves in the commercial society . Since profit is the driving factor in many businesses and given that business ethics is not quite a law set in stone , it is the writer of this 's opinion that business ethics is disregarded by many corporations . Many simply abide to what is legal and all that is legal does not encompass...