Benefits of business ethics - Week 1, Discussion 2

Business Ethics Business ethics has been defined as having to choose the right thing to do (Trevino & Nelson, 2011). Having to choose the right thing may often come at a high price but it is beneficial to the business in the long run. Business ethics may be beneficial to the business in the following ways: A business ethics program helps create a strong teamwork and improve employee’s productivity. The business benefits from high output from employees and there is also consistency in quality of goods and services. This attracts more customers to the products and improves sales and business profits. They support employee growth and meaning where the employees are able to deal with daily challenges confidently. It boosts their morale and loyalty, resulting in low turnover and therefore reduced costs of hiring new employees. They also attract highly skilled employees who want to work for them (Donaldson, 1999). Ethics ensure that whatever deci...