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Hello readers, today I will be writing about ethical responsibilities. These days some businesses are concerned with the legal implications of their decisions without considering the ethical implication of the decision. Whether they deem it wrong or right ethically as long as it is not supported by law they ignore the ethical implications.
At times businesses make decisions that may affect a group of stakeholders negatively because there is no law that governs such decisions, they able to rationalize it because they are far away from the stakeholders they cannot see the implication that it will have on those stakeholders.
Personally, I will say you should be ethical in business whether or not its protected by law or it comes with benefits or not. However, the benefits of being ethical are explained for those that do care about ethical responsibilities.
- Being ethical also means that employees would be satisfied since they will treated well. Thus, the company will be able to attract and retain good employees.
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