The Importance of Ethics and Responsibilities to a Business Organization

Description

– The Importance of Ethics and Responsibilities to a Business Organization –

Download The Importance of Ethics and Responsibilities to a Business Organization. Business Administration students who are writing their projects can get this material to aid their research work.

Abstract

Like finance and marketing, ethics has become an essential business function. But why? In this blog, we shall explore the main reasons why business ethics is important for companies as well as budding business professionals.

Introduction

Almost every company now has a business ethics program. In part, that’s because technology and digital communication have made it easier to identify and publicize ethical missteps.

To avoid the negative implications, companies are devoting more resources to business ethics. In one survey of accountants, for example, 55 percent said they believe the importance of business ethics will continue to grow in the next three years.

In addition to establishing formal programs, companies are creating ethical workplaces by hiring the right talent. “High integrity and honesty” is the second-most important skill for business leaders, according to a recent survey. Today’s business professionals must understand the link between business ethics and business success.

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