Why are business ethics important?

Question

Just trying to start off with initial thought. I am going to write a research paper on why I believe business ethics are important.

Answer 1

Repeat business is important to everyone. Unethical business practices means no clientelle base. It could also mean jail time.

Answer 2

Importance Of Ethics In Business

Answer 3

Ethics effect the customer opinion and help with employee retention. Otherwise when you get to the real world, ethics are what is printed on the contract and signed by all parties. Don't delude yourself into thinking you can trust in the "ethics" of business to do anything other than fill a semester.

I am ethical in my practices but it has nothing to do with business and I've found few competitors I actually trust or consider ethical when a dollar is involved. FYI, I'm a real estate broker and have over 20 years in commercial and residential real estate. Ethics goes out the window if enough dollars are involved for most people.

Answer 4

Business Ethics are important because they establish expectations and standards for acceptable behavior and values. Business that intend to grow and prosper have an obligation to act ethically as do individuals. When this type of "good faith" cannot be established everyone loses because the implied risk for everyone increases and their productivity goes down, as a result of time and resources being devoted to minimize risk in stead of maximizing gains.

Answer 5

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/4f450
It's probably the best way to learn how to win with binary option

Answer 6

Hope this helps!

Answer 7

Your business will assuredly be more successful if your traits are ethical. You want to stay in business right? Wouldnt you want to be the top at what you do knowing you beat the competion at a fair game?

Answer 8

they decide which decisions business entities make. for example a company may not merge with another if the other company's ethics are not compatible with the other's, especially in areas like employee hiring strictness, advertising truthfulness, and public relations

Answer 9

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 10

because colleges and universities can justify charging 950 dollars for an ethics class.