Question

Why is business ethics important in the classroom?

Answer 1

Ethical culture is defined as the character of the decision-making process that employees use to determine whether their responses to ethical issues are right or wrong based on values and norms. It is positively related to workplace confrontation over ethics issues, reports to management of observe misconduct, and the presence of ethics hotlines. If a business is associated with a superior ethical culture in a business and the presence of a formal ethics such as, norms, artifacts, and behavior faces the positive outcomes of lower observed wrongdoing and greater likelihood of reporting violations. In organization it has to be mandatory for all employees (also including upper-level personnel) to receive fraud prevention and detection training programme. Ethical culture would create a positive work environment that will help deter to fraud while improving the morale and loyalty of employees. Also employees that demonstrate and feel greater levels of loyalty to their company will be less likely to commit fraud. Moreover the investors, analysts, and advisors are taking a close look at the reputation of a business and perceived ethical culture of a business as part of their evaluation.