Why Businesses Should Behave Ethically

Why should businesses behave ethically?

            In today’s scandal ridden world there are important reasons why businesses should behave ethically. According to the American Management Association, one of those reasons is that businesses need to protect their reputation, along with their brand.  In addition, there is a need to do what is right. These conclusions emphasize the fact that business ethics are not just about the bottom-line; there are also moral implications for business professionals.  Even though doing what is right might be challenging when unrealistic demands are placed on corporations, it is expected that ethical behavior will be highly more scrutinized than ever by the year 2015. Corporate Social Responsibility is playing a key role in the shift of expectations. Management is also key in the process of promoting and supporting a culture of ethics: “leaders support and model ethical behavior.”

References

Business Ethics Today and Tomorrow. (2014, May 21). Retrieved December 11, 2014, from http://www.amanet.org/training/articles/Business-Ethics-Today-and-Tomorrow.aspx