The Importance Of Business Ethics In Business

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The ethics that has developed over the course of history will make an everlasting mark on conduct of business practices. The end state of ethical business practices is in place to provide protection for the business and consumer. The background of the ethical decision making is the foundation for the way into the future for domestic and foreign markets. The ability to understand the past will make the business world better informed of the challenges that may occur in the future.
The business manager that incorporates ethics within their organizations will reap great benefits in the future (Capriglione & Casalino, 2014, p. 20). First, the application of business ethics will ultimately provide protection for the organizations and consumers within society (p. 20). Next, the principles founded in ethical practices weave the fabric within an organizations financial and social responsibility (p. 20). In addition, the principle end state of the …show more content…

787). First, there is a realization that the shareholder interest should not be the primary concern for the management in business (p. 787). In addition, there is a greater responsibility that requires all organizations to understand the long term impacts of unethical business decisions (p. 787). Furthermore, the concerns of the business should involve the positive impact on the employees, organization, and economy (p. 787).
The unethical business practices that have occurred in the past serve as a lessons learned in the future of business. First, the ability to learn from past lessons learned is a valuable commodity that is underutilized. Next, the unethical business practices determinately affect the individuals within the organization at all levels. In addition, the legislation that results from unethical practices serves as some guidelines that will deter these type of corrupt practices in the

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