Topic 1: GQ1: Why are ethical behaviors important to businesses?

Make a list of 5
specific examples of positive and 5 specific examples of negative ethical behaviors in
business context

Why are ethical behaviors important to businesses :(2) lan + thúy huyền

Ethical behavior can help your business build customer loyalty, avoid legal problems,
and attract and retain talented employees, as ethical behavior in marketing, or in any
other area. ethical behaviors are important to businesses for several reasons, and they
have a significant impact on the success and sustainability of a company.

1. Positive work environment

Employees have a responsibility to be ethical from their first job interview moments
of ethical behavior in the enterprise. They will be honest about their power and
experience. Moral employees are perceived as team players rather than outsiders for
themselves.

They develop positive relationships with colleagues. Their supervisors trust their
confidential information and as a result, they are given more autonomy.The progress
made in the employee organization by their supervisors can be a risk to their chances
and expel them.

Poor morality is an extreme case of employee theft. In some industries, it can spend
expensive money on businesses such as restaurants whose employees steal food from
a storage locker or freezer.

2. Create customer loyalty

Customers can take advantage of them once, but if they believe that they have been
treated unfairly, such as charging, they will not repeat customers, examples of ethical
behavior in business.

One of the keys to the lasting success of success on a trusted customer base is that
ethical behavior in marketing does not include marketing costs in providing services
to an existing customer, such as a new acquisition.

3. Increase the respect of a company

A company’s reputation for ethical behavior can help to create a more positive image
in the market, which can bring face-to-face referrals to new customers, as social
responsibility and ethical behavior.

On the contrary, fame for immoral behavior hinders the possibility of acquiring new
customers, especially during this era of social networking, when unsatisfied customers
can quickly disseminate information about their negative experiences and poor ethics
in the workplace.

4. Retain good employees

Gifted people from all levels of an organization want to pay fair compensation for
their work and dedication. They want career advancement in the organization, which
is based on the quality of their work and is not biased to uphold the importance of
ethical behavior in business.

They want to be part of a company whose management agency is telling the truth
about what is happening, such as layout or reconstructions, when it is being thought of
as ethical and unethical behavior in business.

Companies that are fair and open to their behavior with employees have a good
chance of maintaining the most talented people. Workers who do not believe in the
compensation system are often not justified for their work as fair ethical behavior in
business articles.

5. Avoid legal issues

Sometimes, the management of the company may be tempted to cut corners in the
power of profit, such as to comply fully with environmental restrictions or labor laws,
showing the importance of ethical behavior in business to ignore employee safety
hazards or use low-quality materials in their products.

Fines can be serious for caught, legal fees, and penalties or restrictions of government
agencies, out of corporate unethical behavior.

As a result, there may be a longer range of negative publicity firms that are more
expensive than legal fees or penalties. Companies that maintain the highest moral
standard take the time to train every member of their organization about the expected
behavior from them.
6. Moral principles

Ethical values are the rules of establishing a language standard or rules, which should
be between the moral person and not, the moral principles.

Most characteristics of the principles involved in the attributes and values that are
associated with ethical behavior.

5 example positive (2)plinh + ngtlinh 5 example negative (2) hạnh+ lâm

- Obey The Company’s Rules &

Regulation: At the start of an
employee contract, companies
may need the employee to sign
various documents, including the
company rules and regulation
agreement form.
- Fraudulent Practices: Engaging
in deceptive activities, such as
misrepresenting financial
information or making false
claims.

- Be honest in all business

dealings. Pay suppliers the amount - Discrimination: Treating
agreed upon, and on time. Be fair with employees or customers unfairly
customers, not over-charging and not based on characteristics like race,
inflating the quality or potential of your gender, or religion.
products or services. Payoff: A sterling
reputation that will help sustain your
company even when times are tough.

- Back up your products and

- Unfair Labor Practices:
services. Provide what you
Exploiting workers through
promise on your service practices like child labor, unsafe
contracts and in your working conditions, or unfair
advertising. wages.

- Be socially responsible. Don't - Hidden terms in user

pollute the environment; recycle agreements: Can enable
when possible. Heed protests of businesses to slip in some
company policy or actions. Give undesirable requirements
back to the community through
charity fund-raising or other worthy
causes.

- Maintaining a professional - Defamation: Businesses can

demeanor: defusing a situation create fake accounts or post
 with an angry customer instead of
getting angry and responding with
swear words can show
professionalism and likely help
you keep your job.
anonymous blogs to spread lies
about the competitors, which can
lead to decline in reputation.

REFERENCE:

1. https://edwardlowe.org/why-you-need-good-business-ethics/

2. https://myva360.com/blog/the-ugly-truth-about-unethical-business-practi
ces
3. The Advantages of Ethical Behavior in Business (chron.com)
4. https://abatechnologies.com/blog/common-unethical-behaviors-in-the-wo
rkplace