Business Ethics Case Study

700 Words2 Pages

A significant part of business is ethical, its code values and the trust. Anything illegal is not necessarily ethical, but by law, the expectation of the business is to be fair and ethical, and not abusive and predatory. Any unethical abusive practices may not be illegal, but the harm leaves the consumer stripped of self-respect, wealth, and ruins their life. In some instances, a very narrow line divides the action becoming unethical and fraud instead of ethical and legal.
Companies must act responsibly when they enter global business and behave ethically which lays the legal foundation. Company policies are derived from high standards of individual ethical behavior which from a business aspect satisfies achieving an object of competitive …show more content…

Laws are needed and important, but ethics make thing better and does not harm anyway. Being legal is ethical and being ethical cannot be illegal. There is no simple law exist or laws lack charging individual or corporate misconduct, however the guilty pleas and settlement suggest companies ' leaders know the regulation and the difference between right and wrong, but chose to do the wrong thing. Companies doing global business must be responsible to the country they originate and the countries which they operate, laying their legal foundation for ethical behavior. Being irresponsible and unethical could leads to sanctions, particularly corporate bribery, and product safety. Bribery is unethical which affects company performance and erodes the authority of leaders who condones. Consumer will boycott any business that is unethical and exhibits irresponsible behavior towards citizens and society. Ethical behavior will certainly do positively influence on employees and employers, but not being ethical will affect worker morale. With the internet and mobile technology, any bad ethics and behavior and will cost companies a fortune. According to Samii (2011), here are a few reasons why anything legal is not necessarily ethical.
• Consider the moral aspect when referring legal principles and rules
• With many ethical issues, it is practically

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Business Ethics Case Study

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