Business Ethics In Business

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Ethics are principles that guide choice between right and wrong, business ethics are personal values and principles applied in business situations. Business ethics are the ethics of managers and executives since they set the tone in the organization. It is important for businesses to act ethical since it will always affect the business. We can say ethical behaviour is also linked to Corporate Social Responsibility since it also affects the business. Acting ethically and taking account of all stakeholders attracts customers and potential investors, it makes their customers, suppliers, shareholders, employees loyal if they are taken care of and if they see that the business is socially responsible, ethical and that it is doing well. Acting ethical and being socially responsible also attracts investors, being unethical has a huge effect on the business as it damages the business’ reputation and makes the business less appealing to its stakeholders, so it is important for everyone in the business to act in an ethical manner. Article 1: The article is about managers/owners of Real Estate selecting their tenants according to their race which is an unethical thing to do judging from our historical background with Racism. A few customer’s applications to rent an apartment were turned down because they were black but when they changed their names to a white person’s name or told their white friends to call the Estate Agent their applications were accepted. These Real Estate agents and Real Estate businesses were acting unethically they can’t select their tenants according to their race especially since it’s a very sensitive issue in South Africa. Real Estate business is probably not the only type of business that are faced with the same is... ... middle of paper ... ...sinesses going to be ethical when being unethical is a norm to us, the way businesses in South Africa and our government cabinet is unethical it is as if being unethical is a normal thing to do in order to make succeed in business. One of the article shows that our government is corrupt and greedy; they only think of themselves. In conclusion many businesses are very unethical which is bad for the economy so it is very important for businesses topractice ethicsas it affects the business a lot,so businesses need to encourage ethical behaviour in the workplace so our economy can grow and South Africa can be a better place. REFERENCE Russell Y…(et al).2013.Studying Business.2013 ed.Paardekraal.Excom Publishers CC. Importance of business studies.2004.The Times Business Case Studies.http://businesscasestudies.co.uk.7 March 2014. http://www.google.com.7 March 2014.

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