Question

Training of ethics in many companies may not be considered as sufficient strategy. Do you agree?please explain.

Answer 1

I agree.

Ethics trainings are assential to create a positive business culture . Training of ethics in many compamies may not be considered as sufficient strategy because of the following reasons.

• Limited ability to maximise profit

  The main drawback of business ethics is that they can reduce a company's ability to maximise profit.For example,improvements in working conditions ,such as providing workers with living wage and having proper health and safety standards in place , are ethical but raises the amount it costs to run these factories.This in turn,reduces profit which might not be an issue for large companies who can afford to allocate costs .But it can be an issue for small business.

• Time consuming to implement the practices

​​​​​​​ Implementing and maintaining business ethics can be time consuming, particularly if a company is looking to become more ethical when they've previously followed unethical practices.Ethical practices also need to be continuously updated according to changes in laws and regulations.so it is huge time consuming

Because of these reasons training of ethics in many companies may not be considered as sufficent strategy.