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Business, Ethics and the Role of Integrity

Business ethics has long been an object of study. Aristotle equated profit to usury, and the business was treated as one of the spheres of human activity. At all times, great attention was paid to the key element of business – the entrepreneur and the ethical foundations, on which he or she bases business.

Business ethics is based on honesty, transparency, loyalty to the word, ability to function effectively on the market in accordance with applicable law, established rules, and traditions.

The business is usually divided into three parts: businessman, business conditions, and business ethics. Undoubtedly, the main figure of modern business is the businessman, constantly ready to take risks, with boundless energy, perseverance, ability to overcome difficulties and any obstacles on the way to the target, with freedom in decision-making and lateral thinking. Business ethics allows increasing profits and keep the integrity of business. In particular, it helps to maintain customers’ loyalty. According to specialists, keeping old partners is five times cheaper than finding new ones. Therefore, companies are focused on the consumer. For these purposes, before making investments in fixed assets one has to spend a lot of money, time and energy on the formation of the company’s ethics and culture by adequately training its employees.

The business world is too small. Every businessman has a lot of friends and acquaintances – they may be potential customers. But everything depends on honesty and politeness. If you were wrong and apologized, admitting your mistake, it would serve in your favor, showing the client that you can deal with problems. There is an established a rule in business: constantly take care of your customers and employees, and the market will take care of you.

Business exists in a complex ethical world, where the main thing is to avoid unethical steps in the relationship. Humane management is more effective than the aggressive one. It is much easier to achieve strategic objectives of the company, being guided by ethical principles.

The main thing for a businessman, who bases the activities on the performance of the rules of business etiquette, is a recognition that certain actions are done because they are appropriate and respectful to others. Etiquette is one of the main tools of image formation. In modern business, companies’ image plays a major role. Those firms that do not comply with etiquette lose a lot. The companies that follow the rules of business ethics have better results and higher productivity of work, which leads to an integrity in business.

Business ethics has long been an object of study. Aristotle equated profit to usury, and the business was treated as one of the spheres of human activity. At all times, great attention was paid to the key element of business – the entrepreneur and the ethical foundations, on which he or she bases business.

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Assignment ID
100001226
Discipline
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CREATED ON
August 28, 2016
COMPLETED ON
August 29, 2016
Price
$46
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tricktaylor198376
December 9, 2016
tricktaylor198376
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December 6, 2016
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December 5, 2016
agripinashanti18
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