Business Ethics and Corporate Governance, Second Edition

BENEFITS FROM MANAGING ETHICS IN WORKPLACE

Several benefits accrue to an enterprise if it is managed ethically. They are the following:

Attention to Business Ethics Has Substantially Improved Society

Establishment of anti-trust laws, unions, and other regulatory bodies has contributed to the development of society. There was a time when discriminations and exploitation of employees were high, the fight for equality and fairness at workplace ended up in establishing certain laws which benefited the society.

Ethical Practice Has Contributed Towards High Productivity and Strong Team Work

Organizations being a collection of individuals, the values reflected will be different from that of the organization. Constant check and dialogue will ensure that ...