Skip to main content

Benefits of ethical responsibilities in business

Image courtesy of winnond at

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.

Another thing is it could backfire, you may say let us use this very inferior quality to make this product and sell it 50% above cost of production but then customers buy and they become dissatisfied. This could lead to a lot of complaints, thus tarnishing the image of the products which will eventually lead to decreased sales.

- Being ethical could attract more customers. Some customers like to be associated with ethical companies. Being ethical could also serve as a competitive advantage in businesses. Thus, it could lead to an increase in sales.

- 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.

Keep checking out my blog regularly, cheers!


Popular posts from this blog

Work-life balance: all should attain it

Hello readers, today I will be writing about work-life balance. According to, work-life balance "is a comfortable state of equilibrium achieved between an employee's primary priorities of their employment position and their private lifestyle." All work and no play makes Jack a dull boy, thus, you should find a balance between work and play. Here are some tips to help you achieve it.
1. Do not check your email (work) after working hours, this will help improve the quality of time you spend with your family and friends. Thus, you should not be distracted by work when spending time with your family and friends. 
2. When you decide to improve the situation of your work life balance, take it one step at a time. For example if you do not get to spend time in the evenings with your family during the week days due to coming back late from work, you should decide to spend one day a week and gradually increase it to two and then three till you get to spend the…

Eid Mubarak

The world of competence

Hello readers, it has been a while. Hope you did not miss me much, the good news is I am back now. Today, I will be writing about competence.
Competence is the ability that enables a company or an individual to deploy its resources effectively. It is neccessary for a company to have a competence target in all its business activities so as to deliver value to its customers. This will help create a competitive advantage for the company.
Competencies must provide value to customers. It must be unique or able to develop greatly or be better than that of competitors. New products and services must be able to be developed as a result of the competence. It must be difficult for other competitors to obtain or imitate.
Continually producing high quality products can make a company become a market leader (which is a core competence) as it provides a company with a competitive advantage. With high quality, higher prices can be demanded by the company from customers and the company will also be able…