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Showing posts with the label business ethics

Why businesses should invest in good ethical practices

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The headlines scream "CEO Steals millions from employee pension plan", "Company dumps tons of gallons of waste into illegal dump" or "High ranking executive accepting bribes". Over the last several years seems there is often a story in the news or social media that relates to corporate ethics, or in these cases, lack thereof. Corporate ethics can get complicated, but when you come down to the nuts and bolts of the matter, it's not very different from personal ethics. So exactly what is corporate ethics? What is an ethical dilemma? We are presented with ethical dilemmas when faced with a decision where available choices conflict. Sometimes the choices are obvious and we know the right thing to do, but other times we're presented with choices where either or both options contain "gray" areas. It could be in the sense where one of the actions is questionable, or it could be that no matter which we choose, there will be unfortunat...

How deceptive advertising hurts businesses

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Ever deal with a company that tries to sell you a bogus deal or a poor quality product? Or maybe you have seen they just aren't being truthful? If you have, from the customer perspective , you know d eceptive advertising is poor business practice.

4 reasons why honesty is critical for business success

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A business is only as successful if it can attract customers to buy its products or services. If a company cannot attract people to turn to them to fulfill their needs, they won't be able to profit and flourish.

Ways businesses can demonstrate good corporate social responsibility

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Businesses are typically started with the goal of earning money. While it's true there are some companies started with an altruistic goal in mind, the bottom line is no matter what the objective is for a company, it's got to pursue profit in order to succeed.

Understanding the relationship between business and ethics

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The relationship between business and ethics is intrinsically entwined. A successful company is one which can effectively recognize and cultivate the relationship which exists between the two.

Ways businesses can demonstrate good corporate social responsibility

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Image credit: Pixabay Businesses are launched with the goal of earning money. While it's true there are some companies started with an altruistic goal in mind,

Why ethics and profitability can co-exist in business environments

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Image credit: Wikimedia/ Anna Chromy Business ethics is a topic which can garner some pretty strong feelings. And then there are some who believe business ethics is an oxymoron, and there is no room for them in a capitalistic structure.