Question

“Why should Company Strategies be ethical?”

Answer 1

Business ethics are the moral principles that guide the behavior of business. Ethic culture is very important in business environment. It is very essential to make a right kind of environment at work place and do the right things. Managers play important role in determining whether the employees are living by the company's values and expectation. Doing business ethically and in right way which will benefit the organization, the employees, the customers, the society and the environment.

Company strategies should be ethical because: -

• It makes the business sustainable and more environment friendly by making safe products and minimizing social and economic impact.
• It creates positive impression in customer's mind.
• It helps in improving the staff productivity by involving them in decision making process to make the business green. Green firm offers healthier and safer work environment and also attract best employees.
• Ethical culture also attracts investors which increase the company's share price.
• It improves the reputation of the organization.
• It plays important role in guiding the organization to meet the goal effectively.