Ethical governance

[Lord Saru]

Business ethics is one of the evolving branches of ethics and is being increasingly recognized as a tool to build social trust and brand value amongst consumers. No matter what small or big business platform you are, there would be some guiding ethical values to your business.

What are they?

 

[Alexandoy]

With the mention of ethical business what gets into my mind is the fair trade policies which means you do the business without cheating. We have experience rice shortage before and the importers are accused of hoarding rice so the market price would go up. That goes the same with other farm products because the traders usually call the shots when it comes to supply and the pricing. Those traders lack business ethics.

 

[Ralphjoe]

Ethical practice in business has to do with the honest part of a business, Business keeping by their word or promises.
So many businesses are involved in sharp practices just to make more profit than normal, in my country the prices of cassava flakes is arbitrarily increased by traders just to make extra profit and this is what business ethics is against. If we all can be honest in our business dealings with whoever we come to do business with, then we are surely going to get a good reputation and trust based on that quality we have.