Ethics and Success in Business

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.

Ethics

Here is a look at some examples that illustrate the value and importance of ethics for entrepreneurs, and also their application.

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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.…

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5 Ways to Be a More Ethical Leader

In today’s business environment, perhaps no principle is more revered — and yet more misunderstood — than ethics. Leaders and business owners claim that they want to be more ethical, or that that conduct their businesses in an ethical fashion, yet have difficulty articulating exactly what that means to their daily operations.

Ethics

Often companies will devote considerable time and resources toward becoming a more social responsible — ethical — organization, with the intent of attracting more business and a more loyal customer base. And there is some evidence that those efforts pay off; in a recent Wall Street Journal report, researchers found that consumers are more willing to support, and will pay more for products from, a company that they believe acts ethically.…

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