Each and everything has their own taste. You can be a good and successful business with the right amount of hard work and dedication with a bit of luck but it takes a character to do your business ethically. Ethics in human life is an important part in determining a man’s character. Although it is very important to earn money and successful in life but at some point of time in your life you will understand that it is equally very important to earn the respect being very ethical. Society runs with some of the created self rules that have been created traditionally. Similarly when you are doing business or thinking to start a business it is very important that you follow certain rules to get the business ethics right. There are certain laws and rules that have been imposed in the book of business ethics but it is the owner of the business company who needs to make sure that all those are implemented and ethics is properly maintained in his workplace.
Concept of business ethics
There are different sectors that are associated with a business company including from the production, marketing to the human resources management and each of these have their own ethics and rules which needs to be followed. Business ethics is a very new concept and most of the small entrepreneurs who are doing the business from few days do not exactly have an idea about what it is. Around the world it is the government of the each country which has taken the initiative to set up a rule for the companies so that the implementation of the business ethics takes place.
Follow it appropriately
In order to become a successful business company the business ethics are directly proportional and with the evolution of such concept it has been seen that the fraud or the cheating in the business has been reduced drastically. Government has enforced a law where it has been implemented that if a company violates the ethical laws enforced by them even just more than twice they will facing a huge legal compensation and also ban depending upon the value of the irresponsibility. This has frightened most of the companies and enforced them to do their business ethically because if there is any such case of ban or fine by the government happens it is big blow for the reputation of the company and in a way they will loosen their business.
Benefit to the customers
The implementation of business ethics have ensured that companies do play a very fair and transparent with their business deals. With such enforced rules and regulations it has been seen consumers are getting treatment well from the companies. The relationship or the trust between the companies and the people have increased drastically after the evolution of the business ethics, this is what a survey has to say. The implementation of the business ethics in the production unit of the company have ensured that the people do get the quality products from the companies. There are clauses under it where it is very clearly mentioned that the company should not deny the social and environmental responsibility while manufacturing the product and also it is being said that they should be providing a good quality to the customers without any compromise.
The workers or the employees of the companies also now feel much more secure with the business ethics in place as this has lead to the policy of the non discrimination among the different classes of the employees. Company has the responsibility to take care of the all the needs of the different classes of the employee. Although it is a hard task for the government to look after all the companies about whether they are following the business ethics or not but it is the benefit of the company in store if they do their business ethically.