Asked by Alejandro Arias on Jul 15, 2024
Verified
Why is it important that businesspeople study business ethics?
Business Ethics
The study and analysis of proper business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.
- Gain insight into the chronological progression of business ethics as a field of inquiry.
- Understand the role of moral practices in increasing customer loyalty and happiness.
- Understand the significance of ethical practices in business for the development and preservation of stakeholder connections.
Verified Answer
TS
Tamara S. VassellJul 21, 2024
Final Answer :
Studying business ethics is important for many reasons. Recent incidents of unethical activity in business underscore the widespread need for a better understanding of the factors that contribute to ethical and unethical decisions. Individuals' personal moral philosophies and decision-making experience may not be sufficient to guide them in the business world. Studying business ethics helps you begin to identify ethical issues and recognize the approaches available to resolve them.
Learning Objectives
- Gain insight into the chronological progression of business ethics as a field of inquiry.
- Understand the role of moral practices in increasing customer loyalty and happiness.
- Understand the significance of ethical practices in business for the development and preservation of stakeholder connections.
Related questions
How Does Ethics Contribute to Customer Satisfaction
Employees' Perceptions of Their Firm as Having an Ethical Climate ...
_____ Is Essential in Building Long-Term Relationships Between Businesses and ...
Prior to the 1960s, Ethical Issues Related to Business Were ...
According to Milton Friedman, the Social Obligation of a Corporation ...