Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The connection between good ethics and good business or producing a profitable business is simple, people want to be able to trust who they are

image text in transcribed
The connection between good ethics and good business or producing a profitable business is simple, people want to be able to trust who they are doing business and spending money with. It can be beneficial for a business to pIactice good ethics because it shows that the business not only value their brand but they also value those who invest in their brand. Aside from being able to trust those we do business with: we also feel more asst when we know we are valued. A business displays value by providing good customer services, establishing policies of protection and appreciation for employees, and leading the company in the right direction ethically. A reputation for ethical business practices establishes trust with the stakeholders who depend on the integrity of an organization and the dedication to straighttom'aniness in all practices. Building a solid reputation and gaining the trust of the people takes a lifetime but it can all be ruined in the blink of an eye

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P. Robbins, Mary A. Coulter

15th Edition

9780136714491

More Books

Students also viewed these General Management questions