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The importance of ethics in business and its role in shaping good values, norms, and behavior. It highlights the myths about immoral business and why businesses should act ethically. It also talks about the advantages and disadvantages of various corporate codes of ethics. The document emphasizes that business takes place in a moral context and that attention to ethics in business is still limited.
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According to Richard De George a company if you want to succeed in doing business requires 3 main factors, namely good products, smooth management, and ethics. Lots of training, education and research efforts are put in place to assist business people in producing good products and smooth management. To produce good products, businesses can take advantage of all modern scientific and technological devices. For example, in the pharmaceutical and pharmaceutical industries, increasingly sophisticated electronics are now available to modern consumers. Achieving smooth management, business people usually can make full use of economics and management theory. For example, if in the past businessmen relied on natural talent alone, now it is almost impossible for professional managers to have sufficient skills without special education. In fact, management education has made business a separate profession. Compared to all the efforts and programs that have been made to improve management capabilities in business, attention to ethics in business is still very limited. But what is important is that the role of ethics is starting to be recognized and paid attention to. The function of business ethics itself is to build and shape good values, norms and behavior in business. For example, in a company, business ethics can shape good employee behavior, and can also build good business relationships with consumers and company partners.
1. Business takes place in a moral context Business is an important element that occurs in people's lives. We buy goods or services to survive at least to make life more comfortable and we are also involved in the production of goods or services needed by other people. Business cannot be separated from moral rules, but sometimes the presence ethics in the field of business is still in doubt; therefore, we need to look briefly at the contradictory opinions regarding ethics in business. I. Myths about immoral business In society, there is an assumption that business has nothing to do with ethics or morality. Business people just do their jobs. Sometimes there are people who don't care about ethics and morality in their business relationships. However, it is necessary to believe that business cannot be separated from moral aspects. Because business does not only deal with sales and profit
figures, but good business has a moral meaning. Three symptoms in society that show this myth, namely: