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Essay / Business Ethics Case Study - 700
Laws are necessary and important, but ethics makes things better and does no harm anyway. Being legal is ethical and being ethical cannot be illegal. There is no simple law or laws to accuse individuals or companies of misconduct. However, the guilty pleas and settlement suggest that company executives knew the regulations and the difference between right and wrong, but chose to do the wrong thing. Companies that do business globally must be accountable to the country from which they originate and the countries in which they operate, thereby establishing the legal foundation for ethical behavior. Being irresponsible and unethical can result in penalties, including corporate corruption, and harm product safety. Corruption is unethical, affects business performance, and erodes the authority of tolerant managers. The consumer will boycott any company that is unethical and exhibits irresponsible behavior towards citizens and society. Ethical behavior will certainly have a positive influence on employees and employers, but not being ethical will affect worker morale. With the Internet and mobile technology, any poor ethics and behavior will cost businesses a fortune. According to Samii (2011), here are some reasons why not everything that is legal is necessarily ethical. • Consider the moral aspect when referring to legal principles and rules. • For many ethical questions, it is practically