Business Ethics has been defined as “the behavior that a business adheres to in its daily dealings with the world” (Wisegeek.com)
In considering this I must draw from happenings in business during the course of the past few years. The dishonesty, price fixing, collusion and suspect business practices leads me to question if we as business people have any concept of the meaning and application of business ethics.
Business ethics are very diverse and apply not only to how business is conducted, how business deals with customers and how business leaders interact with each other.
Far too many businesses are concerned with one thing only – making money and satisfying the shareholders. Making money is not wrong and satisfying the shareholder’s is not wrong what is wrong is when this is done at the expense of others, when this is at the expense of the customer and consumer.
It is the manner in which businesses conduct themselves and make profits that brings the question of business ethics into the equation.
Good business ethics should be a part of every business. There are many factors to consider. When a company does business with another company in the knowledge that company is considered unethical, does this make the first company unethical by association?
YES – they are condoning and supporting unethical behaviour and this makes them guilty by association…
~uRead more about business ethics on Skills Portal#www.skillsportal.co.za/page/features/contributors/des-squire/212954-Business-Ethics-extend-beyond-the-obvious~