The top objective of any business has always been to make profits. Till recently things like ethics and CSR were largely considered unnecessary overheads. However ethics have become much more relevant in recent decades. The objective of doing business is unchanged. What’s new is the mindset that ethics leads to profits, and their absence leads to loss.
Here is a look at some examples that illustrate the value and importance of ethics for entrepreneurs, and also their application.
Dr. Jill Young of South University’s College of Business says that the most important aspect of ethics is integrity. If integrity is well demonstrated, other components of ethics flow naturally.…Continue reading