business ethics

business ethics - important is partnership. In the business...

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Business ethics is a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment. However, why business ethic is important in conducting business? The reason that business ethics are important is the relationship they have to investment. When a person or an entity is considering investment in a particular stock, there are a number of things they take into account. Aside from the quantitative factors surrounding a company’s profit margin a future prospects, consideration is also given to a particular company from the point of view of the qualitative aspects such as their public image and the products that they happen to sell. All of these things are taken into account before the final investment is made. Therefore, a company that would like to encourage extra investment is a company that has a strong sense of business ethics. Another reason that business ethics are
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Unformatted text preview: important is partnership. In the business world, joint ventures happen all the time. They happen all the time because they are ultimately of great importance to the bottom lines of businesses. A business can be made or broken on just one joint venture and part of the reason that joint ventures are successful is that they combine the forces of two extremely powerful companies on occasion. If you want your company to do well in joint ventures, then you need to have good partners. The only way to get good partners is to have a good reputation both in terms of a track record and in terms of your business overall. And of course, the best way to get a good reputation is to ensure that your company has a strong tradition of ethical business behavior. I think that to push the business to greater and greater heights, company has to have a great ethical business....
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