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Table of Contents

1. Introduction 3
1.1. Different aspects of ethics 3
1.2. Research questions 4
2. Positive impact of ethics on business 4
2.1. Relating to the environment 4
2.2. Relating to the employees 5
2.3. Relating to the social responsibility 6
3. Businesses not being ethical 7
4. Considering business as an ethical business 8
5. References 9

Business ethics is one form of ethics that is incorporated in the corporates or any businesses that involves establishing the ethical principles and observing them throughout the organization. it is concerned with the moral concerns that need to be followed in the functioning of a business. The products and services that are developed in the business or through the business should also be accomplishing the ethical standards and comply with the moral considerations that are to be carried in organizations.
Different aspects of ethics
There are different aspects that pertaining to the business ethics and they are mentioned as follows:
• Being Honest
• Integrity
• Being loyal
• Keeping the promise
• Being trustable
• Concern about others
• Complying to the law
• Being committed to excellence
• Leadership
• Reputation and morale related to it
• Being accountable
• Being fair
Research questions
• What are the positive impacts of businesses being ethical to the different aspects?
• What are the negative impacts of businesses being ethical?
• Why is not all business being ethical?
• How can a business be considered to be an Ethical Business?
Positive impact of ethics on business
Ensuring ethical behavior and complying to the ethical principles in a business results in generating a nice for the company in the global market and it owns respect even from the competitors. There are multiple effects of adapting ethical behavior in business and it has its impact on the environment, employees as well as the social responsibility pertaining to the business. The positive impact of ethics being adopted in the company results in overall development of the company and helps in its growth. Many times, being ethical would not have immediate benefit and instead it would be displaying loss in certain cases due to the accomplishment of several ethical practices that would incur huge costs to the company. But, however, it has been established that on long term basis it will be very beneficial for the company and hence, the company has to be patient about the results of complying with the business ethics (Strobel, Tumasjan, & Welpe, 2015).
Relating to the environment
Ethical practices have a long term positive effects on the environment. Being ethical involves practicing environment friendly measures like utilizing less energy, less water and other resources, developing less wastes, avoid releasing harmful materials into the atmosphere. Few of the above practices are ensured by the environment law enforcement, whereas other practices are ensured through understanding the responsibility that one has towards the environment.
For example, Starbucks uses recycled paper for making its cups and it has substantially reduced the amount of water that is used in their dipper. These serves to be a great example of how ethics can help in protecting the environment against various hazards.
Relating to the employees
Ethical principles related to the well-being of the employees include developing business s ethics that would be having positive effects on the health of the employees and at the same time motivate them to provide their best in the specific business. There are other factors that include providing medial insurances and educational coverage for the entire family and providing housing loan facilities at a comparatively lower rate of interest. It also includes providing awards to the employees at regular intervals of time.
For example, the Nu Star Energy Company is one such firm that provides several incentives and benefits to their employees that include provision of 100% health insurance to all the employees. Providing safety to the employees while working in the company is also a major concern while establishing ethical practices in the business.
Relating to the social responsibility
Complying with the ethical principles in a business has a significant impact on the society. It inculcates developing social responsibility among the employees and contributing towards the wellbeing of the society. There is a general social responsibility of each and every one living in the society to provide back to the needy and at the same time, be concerned about the welfare of the society. There is a special term known as the Corporate Social responsibility that encourages the corporates all over the world to carry various activities and develop various interesting themes that would include engaging their employees in such noble tasks (Homburg, Stierl, & Bornemann, 2013).
For example, Emirates Airlines has developed Emirates Airlines Foundation for providing the children in different parts of the world that do not have the basic amenities and facilities and are extremely backward economically and technologically. They have been including their employees in interacting with these kids and at the same time bring difference to the lives of these small ones.

Businesses not being ethical
Businesses are not being ethical due to several reasons and few of the reason are mentioned below:
• Unclear ethics
• Lack of awareness
• Ignorance
• Mismanagement of resources
• Attain high profitability at the cost of ethics
• Generate higher turnovers in the global market
• Reduce the cost of production and maintenance (Trevino, den Nieuwenboer, & Kish-Gephart, 2014)
The effects of not complying with the business ethics are faced by the corporates in different ways. There are different dimensions which are responsible for the same and these include the following effects:
• Loss of brand value
• Loss of brand image
• Fall in the customer base
• Shifting of the customers to competitors
• Unstable long term future of the company.
Considering business as an ethical business
There are several businesses that adapt small measures to encourage accomplishment of business ethics across its functioning. For the accomplishment of the ethical concerns and ethical principles, there are several innovative initiatives developed by the businesses across the world. For example, Intel provides education to the young people and encourages them to develop scientific projects and invent new things through the “Intel Science Talent Search and international Science and Engineering Fair” (Stead, Worrell, & Stead, 2013).
Thus, it can be stated that different organizations carrying different businesses have several individualistic concept to accomplish the business ethics through its business.
Homburg, C., Stierl, M., & Bornemann, T. (2013). Corporate social responsibility in business-to-business markets: how organizational customers account for supplier corporate social responsibility engagement. . Journal of Marketing, 77(6), ., 54-72.
Stead, W. E., Worrell, D. L., & Stead, J. G. (2013). An integrative model for understanding and managing ethical behavior in business organizations. In Citation Classics from the Journal of Business Ethics . Springer Netherlands., 405-418.
Strobel, M., Tumasjan, A., & Welpe, I. (2015). Do business ethics pay off. Journal of Psychology.
Trevino, L. K., den Nieuwenboer, N. A., & Kish-Gephart, J. J. (2014). (Un) ethical behavior in organizations. . Annual review of psychology, 65, , 635-660.

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