To fully understand the ethics and how they relate to the company, one must first define the basic aspects. Ethics can be broken down into three categories: social, organizational and individual. Companies are bound by ethics that provoke them to hold accountable for their actions her company bosses, management and stakeholders who desire to be financially from traditional and non-traditional economic activities. Organizational ethics involve common sense of pride and responsibility of employees, managers and companies. They are part of a business philosophy that is part of the company. Individual ethics entrusted our ideas of right and wrong, resulting from many different sources. Beliefs can often play a significant role in the moral way many people choose to follow.
What encourage companies to act ethically in business? What prevents companies from generating as much profit as possible, regardless of the moral consequences of their actions? The public, as well as business stakeholders have come to expect that the company will conduct business ethically and with the highest regard to social responsibility. When a company lacks these expectations, the result often involves punishment and adverse publicity. Companies that do business in an unethical manner at risk of harm not only its stakeholders, but also the public. Companies that operate ethically give a sense of trust and responsibility, both local and national communities; this type of trust can often contribute strong business alliances.
Ethics problems come in many forms for many different reasons while on business. Unfortunately, companies often unwittingly hire people that moral values are less than responsible corporate citizen. These workers often put their own greed and selfishness ahead of the welfare and safety of others, simply for their own financial gain.