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8 Common Ethical Issues Facing Businesses

in 2021
 July 7, 2020  Ben Shabat

Quick Jump [Hide]

 What are ethical issues in business?

 8 Common ethical issues in business and how to address them
 1. Sexual Harassment
 2. Diversity & Discrimination
 3. Social Media
 4. Health & Safety
 5. Environmental Responsibility
 6. Accounting Practices
 7. Data Privacy
 8. Nepotism

Being a good person isn’t the same as being a ‘good’ business owner.
Ethically speaking, what you do in your personal life could directly
contradict what you should be doing in your role as a business owner. And
vice versa!

It can get tricky sometimes, but addressing ethical issues in business is an

essential step to building a strong company that will maintain a positive
reputation and track record. Of course, there are some questions you might
have, for example:

 Which ethical dilemmas in business should you be focused on?

 Why is it crucial to address ethical issues in business?
 How can you resolve ethical problems in business the right way?

Lucky for you, we give the answers to these big questions – and more –
right below. Read and find out!

What are ethical issues in business?

Ethical issues in business affect a variety of aspects related to a business’s
general operating standards. The topic of ethical problems in business is
focused on what actions a business takes and/or what policies a business
creates in its efforts to resolve ethical questions that come up.

The importance of ethical issues in business cannot be overstated,

particularly in today’s day and age of social movements and political
correctness. All personal feelings set aside, it remains a fact that current
events have reshaped current ethical issues in business and, to a large
degree, have increased the focus placed on ethics in the workplace.

Establishing a code of ethics for your business to operate by will help you
lay a firm foundation of basic trust between you and your employees,
clients, partners, suppliers, and so on. Fortunately, the law often gives the
answers to questions related to ethical issues in business (we’ll touch on
some examples later on), but that’s not always the case. That’s why every
business owner should familiarize themselves with what ethical problems in
business are, why they matter, and how they should be addressed.

8 Common ethical issues in business

and how to address them
It’s not enough to simply know what the biggest ethical dilemmas in
business are – you should also be aware of why they’re considered problems
and what you can do about it at your business.

Here, we cover it all. Scroll down and find out!

Common ethical issues facing businesses in 2021:

1. Sexual Harassment
2. Diversity & Discrimination
3. Social Media
4. Health & Safety
5. Environmental Responsibility
6. Accounting Practices
7. Data Privacy
8. Nepotism