Assignment # 01 (5+5+5)
Business ethics is scorching topic in the business world due to its enduring long term
affects. These days business are carefully planning and implementing ethical practices in
doing their business.
Why the existence of such ethics is important and how companies are overcoming those
issues? Explain with the help of an example
Solution
Business ethics has emerged as a hot issue in today business world, where more and more
companies are tending towards adaptation of ethical practices due to its imparting long
term affects on the business growth.
Business ethics are important due to many reasons, a few of them are
It creates a favorable image in the minds of consumers
More adoptability of products and services
More trustworthiness from creditors and officials
Compliance of ethical practices leads towards more CSR firm
It ensures long term growth for the organization
However we can overcome these issues through following these
Adoption of more ethical practices
Compliance of the local and international laws
By introducing more healthy activities in services or products
Training of the staff and media campaigns to create more soft image
Explanation with example
We have the example of KFC (Kentucky Fried Chicken) as allegation have been made
against them on using of premature chicken build on unhealthy feed along with
docsity.com
