How can companies succeed with good business ethics

Having strong business ethics and morality is one way for a company to succeed. Business ethics is defined as the moral values like respect, honesty, responsibility, impartiality and simply the workers behavior at the workplace. Individuals within the organization whom understand right and wrong behavior and are able to choose the appropriate decision have good business ethics. There are three major areas which an individual can judge if a business has strong business ethics: company’s public image, investment/investors, and partnerships. Public image is usually a direct result of a company’s behavior in how they treat their employees, communities and even their environmental policy. Business ethics is also the responsibility a company has for its investors. Companies with strong reputations in the field of ethical business behavior tend to attract more investments. Finally companies which have good partners are usually due to its strong ethical behavior. No one would want to partner up with a company who will bring them down with unethical behaviors. Conclusively the overall view of a company is determined by their public image, investment/investors and their partnerships.


Sources
1.http://www.streetdirectory.com/travel_guide/161760/corporate_matters/why_business_ethics_are_important_for_a_company_and_its_success.html
2.http://www.brighthub.com/office/entrepreneurs/articles/115557.aspx
3.http://www.acceptedpapers.com/free-term-papers/ethics-and-morality-in-business-practices.html