Business Ethics is a necessity because Law requires it. In case Business Ethics are not followed by Business then it can result in organization severe lawsuits by other organizations or even by aggrieved customers.
Apart from that, Any Business involved in unethical practices will start losing its good will, its customers and can eventually end up in facing ban from Government. Unethical activities might help in some gains but can permanently involve danger of facing sues.
It is for this reason Business Ethics are a necessity.
Also visit following Blurtit question:
What Is Business Ethics? What Does It Mean To Act Ethically? Explain The Importance Of Ethics In An Organization.
Apart from that, Any Business involved in unethical practices will start losing its good will, its customers and can eventually end up in facing ban from Government. Unethical activities might help in some gains but can permanently involve danger of facing sues.
It is for this reason Business Ethics are a necessity.
Also visit following Blurtit question:
What Is Business Ethics? What Does It Mean To Act Ethically? Explain The Importance Of Ethics In An Organization.
