journal article Show Business & Professional Ethics Journal Vol. 17, No. 4, Selected Papers from the 1998 Conference of the Australian Association for Professional and Applied Ethics (Winter 1998) , pp. 39-60 (22 pages) Published By: Philosophy Documentation Center https://www.jstor.org/stable/27801073 Read and download Log in through your school or library Monthly Plan
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Journal Information Business and Professional Ethics Journal is a peer-reviewed forum for interdisciplinary research that explores the systemic causes of ethical challenges in business and professional life. Established in 1981, it originally published articles and reviews with a focus on ethical problems encountered by professionals working in large organizational structures. Over the years it has published special issues in cooperation with a number of professional associations, including the Society for Business Ethics, the Markkula Center for Applied Ethics, the Australian Association for Professional and Applied Ethics, and the Canadian Society for the Study of Practical Ethics. Contributors include leading scholars in business and practical ethics from several countries. Publisher Information The Philosophy Documentation Center is a non-profit organization dedicated to providing affordable and sustainable access to scholarly materials in philosophy, applied ethics, religious studies, classics, and related disciplines. Established in 1966, it publishes essential reference materials, peer-reviewed journals, book series, conference proceedings, and research databases. It hosts a large collection of electronic resources, and provides membership and authenticated online access services for professional organizations in several countries. Rights & Usage This item is part of a JSTOR Collection. Importance of Business Ethics in Strategic Management Ethics are a set of moral standards that are relied upon to reach conclusions and make decisions. In a business environment, ethics are a key factor in responsible decision making. Maintaining a high ethical standpoint when operating your business can provide benefits to both the internal and external stakeholders of your business. Strategic management refers to the managerial process of forming a strategic vision, setting objectives, crafting a strategy and then over time initiating whatever corrective adjustments required for achieving the long-term objectives and goals of an organization. The business case for ethics is based on the positive benefits that it can provide to your business. The reasons behind maintaining high ethical standards include:
Business ethics are important for managing a sustainable business mainly because of the serious consequences that can result from decisions made, with a lack of regard to ethics. Even if you believe that good business ethics don’t contribute to profit levels, you should be able to recognize that poor ethics can have ‘a detrimental effect on your bottom in the long term. More PostLatest Post➤ Why business strategies should be ethical?Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers. While corporate ethics programs have become common, the quality varies.
What are 3 reasons why a business should behave ethically?There are a number of reasons why businesses should act ethically:. to protect its own interest;. to protect the interests of the business community as a whole so that the public will have trust in it;. to keep its commitment to society to act ethically;. to meet stakeholder expectations;. to prevent .... What are the five reasons to run the business ethically?Nine Good Reasons to Run a Business in an Ethical Manner. Personal Pride.. Employee Performance. ... . Customer Loyalty. ... . Supplier/Partner Trust. ... . Investor Confidence. ... . Public Acceptance. ... . Regulatory Freedom. ... . Litigation/Indictment Avoidance. ... . Does an Organisation's strategy need to be ethical?The goal of sound ethics and an ethical culture is shared by most organisations. However, building and maintaining an ethical organisation is often made more difficult because the management of ethics is not prioritised.
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