Question

2.) Why is the code of ethics in a business critical for structure and for the culture?

Answer 1

Ethics are principles over which entire working of a business depends upon. Therefore, it is necessary for a business to maintain its ethical values so that it provides others with an example to follow. Businesses are what runs a country. It provides employment, money, food, shelter and all the essential operations needed by people. In order to sustain a life. It is, therefore, the reason that mankind and business can essentially be called synonymous. People have a strong sense of morality and justice and it is especially true when we consider sidereal how businesses affect the lift of individuals around it. Society is, therefore, more interested in ethics in business today than it was before it is due to the reason that there is expansion in the world in regards to businesses and the capabilities it holds for the future.

This is essentially the reason why ethics are what shapes a company’s structure, functions and its culture. Any business needs to take into account the views of the people and the needs of the consumer and both the values are what shapes the organization’s outlook. Organizations are quick to adapt and essentially allow a change of all its core structure and functions as well as regulate its environment to create a better opportunity. All this is only possible if the company's dealing is ethical.