Why do I believe good PR and business ethics are inextricably linked? 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.
Their moral values and attitudes can also affect an employee’s perception of what is ethical and unethical in the workplace. Leadership in business must set the standard and “walk the talk” when it comes time to ethical behavior. Unethical businesses can be profitable on the short run, but can never be truly successful.
The various branches of ethics such as human ethics, social ethics, medical ethics and financial ethics have all defined the premises of working in their respective fields. Ethical companies not only make profit but also overcome their competitors and other turbulent changes happening through out the years and have contributed to social welfare.
There are professional ethics, which includes a system of moral norms of human behavior, belonging to a particular social group. If your company is new, unstable, about to be sold, or going out of business, ethics requires that you let clients and customers know this.
Ethical balance has a lot to do with how organized an individual is. An individual with a sense of stability in emotion and other aspects of their personal lives will be able to make firm moral decisions without indecision, panic, or guilt. Ethics involve what’s going on outside the company walls, like the environmental footprints, and the way you handle your obligations in the community, with your customers, and even with your vendors.