WHY IS ETHICS IMPORTANT TO BUSINESS?

Answer

Ethics is important for moral judgment and decision-making within an organization made by groups or individuals is influenced by the culture of the company. Ethical behavior and corporate social responsibility can bring significant benefits to a business. Ethics is an integral aspect of management philosophy.
Also, in a world of globalization, the importance of business ethics is greater in an organization as it affects the reputation, productivity, and bottom line of the business.
The code of ethics in the organization are best demonstrated through acts of fairness, compassion, integrity, honor, and responsibility. Ethical training programs increase the effectiveness of your code.

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