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Chapter 10
1.3 Why business ethics are important
Benefits to individuals Benefits to organisation
Good ethics should be seen as
Consumer and employee
expectations have evolved a driver of profitability rather
over recent years than a burden on business
An ethical framework is part of
Consumers may choose to good corporate governance
purchase ethical items, and suggests a well-run
even if they are not the business
cheapest
Investors are reassured about
Employees will not blindly the company’s approach to risk
accept orders to act in a management
manner that they personally Employees will be motivated in
believe to be unethical the knowledge that they
operate in an environment of
good ethical corporate
behaviour
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