This morning, I read about a company using on-line auctions to defraud customers. According to elkington the business does not have one single goal of attaining profit but to extend the goal set by adding environmental and social values. 2. Every business irrespective of size exists more on ethical mean or in total regard to its social concern to survive long.
An individual’s knowledge level regarding an issue can help to determine ethical behavior. For instance business people are expected to afflict least suffering to their customers, being fair in their dealings and nurturing an enduring virtuous corporate character in totality.
The insurance company makes profits by investing the money of the insured in other financial ventures. You are given a time frame of 15 days from the date this letter was written, to sign the agreement and send it back to me. In the event that you fail to do the same, I will exercise my rights and undertake the necessary legal action.
While there may be “newcomers” to embracing ethics in business, ethical and responsible conduct have always been the standard at many companies. Also if the public or your potential customers perceive you to be engaging in improper business deals, they will shun you.
Modern ethics is first and foremost, the science that allows to consider human relationships, as well as to evaluate the behavior of people in terms of generally accepted norms. And when people learn early on that being unethical is okay, then to expect them to do otherwise in the workplace is foolhardy at best.