Benefits of Business Ethics
How do Ethical Practices Benefit Businesses?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What are the benefits to business in pursuing ethical business practices?
- Effect: Note the enormous size of the worlds largest companies.
- Profits and business ethics are not contradictory.
- That unethical behavior is a business liability.
- If ethical self-regulation does not guide business behavior sufficiently, legal regulation often follows quickly.