getty Returning a profit is a goal for every business owner, but the question is to what extent are you willing to bend in order to turn a profit? Believe it or not, there are some companies that focus solely on profits and tend to overlook ethical implications. While overlooking ethical concepts may have short-term benefits, it can ultimately hurt your brand in the long run. Defining Ethical Business Practices In business, ethics refer to making decisions that the average person will support and view as socially acceptable. Such points include offering a good work environment for employees, having a high-quality and valuable product and taking into consideration customer and social safety. Ethical business practices involve making decisions and having your business act in a way people will view as morally acceptable. While it’s true that morals vary between individuals, in most situations it’s clear to see where the moral line stands, and it’s up to you as a business owner whether or not to cross that line. Some businesses see a conflict between ethics and profit, so they may focus more on profit. While an unethical decision can sometimes lead to increased profits, it can also damage the […]
