Ethics are principles that guide the choice between right and wrong, business ethics are personal values and principles applied in business situations. Business ethics are the ethics of managers and executives as they set the tone for the organization. It is important for companies to act ethically as it will always affect the company. We can say that ethical behavior is also linked to Corporate Social Responsibility since it also concerns the company. Acting ethically and taking into account all stakeholders attracts customers and potential investors, makes their customers, suppliers, shareholders, employees loyal if they take care of them and if they see that the company is socially responsible, ethical and that it is going Well. Acting ethically and being socially responsible also attracts investors, being unethical has a huge effect on the company as it damages the company's reputation and makes the company less attractive to its stakeholders, so it is important that everyone in the company act ethically. way.Article 1: The article is about property managers/owners selecting their tenants based on their race, which is an unethical thing to do judging by our historical background with racism. Some clients' requests to rent an apartment were rejected because they were black, but when they changed their name to that of a white person or told their white friends to call the real estate agent, their requests were accepted. These real estate agents and real estate businesses were Acting unethically, they cannot select their tenants based on race, especially because it is a very sensitive issue in South Africa. Real estate is probably not the only type of business facing the same thing… middle of paper… qualities will be ethical when being unethical is a norm for us, the way businesses in South Africa and in our government cabinet it's unethical, it's as if being unethical is a normal thing to do to succeed in business. One of the articles shows that our government is corrupt and greedy; they only think about themselves. In conclusion, many companies are very unethical which is bad for the economy, so it is very important for companies to practice ethics as it affects the company a lot, so companies must encourage ethical behavior in the workplace so that our economy can grow and South Africa can be a better place.REFERENCERussell Y…(et al).2013.Studying Business.2013 ed.Paardekraal.Excom Publishers CC.Importance of business Studies.2004.The Times Business Case Studies .http://businesscasestudies. co.uk.7 March 2014. http://www.google.com.7 March 2014.
tags