Business Ethics - Objectives of Business Entity
Connected to the question of social responsibility is the matter of business ethics. Ethics are explained as the "standards of manner or moral behavior". It may be consideration of as the company's attitude to its stakeholders, such as its suppliers, customers, employees, community in common creditors, and shareholders. High standards of ethical manner demand such a firm treat each o these Constituents in honest and a fair manner. A firm's commitment to business ethics may be measured via the tendency of the firm and its staff to adhere to regulations and laws involving to as:
- Product quality and safety
- Fair service practices
- Fair selling and marketing practices
- The needs of confidential information for personal achieve
- Illegal political involvement
- Bribery or illegal payments to achieve business.