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Essay / Business Ethics in Business - 779
Ethics are principles that guide the choice between right and wrong, business ethics are personal values and principles applied in business situations. Business ethics is the ethics of managers and leaders since it sets the tone within the organization. It is important for businesses to act ethically because it will always affect the business. It can be said that ethical behavior is also linked to corporate social responsibility since it also affects the business. Acting ethically and taking into account all stakeholders attracts customers and potential investors, retains their customers, suppliers, shareholders, employees if they are taken care of and if they see that the company is socially responsible, ethical and she is doing well. Acting ethically and being socially responsible also attracts investors. Being unethical has a huge effect on the business because it damages the company's reputation and makes the company less attractive to its stakeholders. It is therefore important that everyone in the company acts ethically. manner.Article 1: The article is about property managers/owners screening their tenants based on their race, which is unethical judging by our historical context regarding racism. A few clients' requests to rent an apartment were denied because they were black, but when they changed their name to that of a white person or told their white friends to call the real estate agent, their requests were accepted. These real estate agents and real estate companies have been acting unethically, they cannot select their tenants based on their race, especially since this is a very sensitive issue in South Africa . The real estate industry is probably not the only type of business that faces the same... middle of paper ... companies will be ethical while unethical is a norm for us, like companies do it. in South Africa and our government office is unethical, it's like being unethical is a normal thing to do to succeed in business. One of the articles shows that our government is corrupt and greedy; they only think of themselves. In conclusion, many companies are very unethical, which is bad for the economy. So it is very important for businesses to practice ethics because it affects the business a lot. Companies must therefore encourage ethical behavior in the workplace so that our economy can grow. and South Africa may be a better place.REFERENCERussell 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.