What is the relationship between business ethics and profits?

Many experts suggest that the relationship between business ethics and profits can be very complicated. In some cases, the values ​​will be needed to achieve a profit in contradiction with an ethical point of view, which will lead to unethical business behavior, because the leading society is trying to bring as much money as possible. In other cases, society in fact benefits many ways of operating with higher ethical standards and the overall thinking of companies that consider ethics to be high priority, that it has advantages in unrelated areas. A complicating factor that can mow water in terms of the relationship between business ethics and profits is that each culture can have slightly different ethical ideals and expectations in terms of business behavior.

According to many conventional wisdom, business ethics and profits are often in complete opposition and many situations of existence where it can be true, at least in the short term. UnderneathIce can often encounter circumstances where they have the opportunity to increase or protect profits by ignoring certain ethical standards. Sometimes companies can do unethical things such as setting up illegal toxic materials into the environment or selling defective products without warning customers as a way of maximizing earnings. There are many cases where unethical behavior that maximizes profits, injures customers or companies as a whole, but can also hurt their own employees of the company. For example, if the company finds itself in a situation where they have to release workers to survive, the company leaders can decide to keep this fact in secret until the last moment to avoid scary shareholders, so workers who lose their jobs very little time for alternative plans.

Although there are obvious reasons for business ethics and profits to work with each other, many experts believe that this does not necessarily have to be true. A bad reputation can be in the long run awayOsvis to hurt society in a large way, and sometimes the main ethical scandal can completely destroy society. Studies that have tried to analyze the impact that can have ethical profits on profits generally have found that many companies that report ethics in the forefront of their thinking, often from a financial point of view compared to those who may be missing in this area. Some experts believe that this is because increased concerns about the company's reputation is an indicator of good overall management, which ultimately leads to success in all aspects.

Defining ethics from a corporate point of view is not always direct for many different reasons. For example, corporations in different countries may have completely different standards of enterprises due to differences in societies and their predominant faith systems. In addition, sometimes ethical Standards can be at a personal level very subjective thing and behavior that one leader of society can consider perfectly acceptable can be considered irresponsible or unethical.