Importance of Good Business Ethics in Business
| Type | Citation | Sources | Views | Words | Pages | Essay # |
|---|---|---|---|---|---|---|
| Term Paper | APA | 5 | 43 | 1496 | 5 | 41503427 |
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Excerpt from Term Paper:
......Lichtman (1998) has done parallel research specifically in this area,
providing the suggestion that the eight core ethical values that guide
behavior need to include loyalty, honesty, fairness, caring, respect,
tolerance, duty, and moral courage. When comparing this list to the
Institute for Global Ethics (1996) analysis and then applying them to the
series of corporate scandals of which Enron was the largest, it is clear
that a lack of ethics continues to force many corporations to drastically
cut back their existing operations plans or in the case of major ethical
lapses, discontinue operations altogether. Being ethical is good business,
and the body of research correlating ethical decision making to increased
job performance is an area that this paper will next address
Finding the Connection of Ethics and Performance
One of the most fascinating areas where scholars are looking at the
influence of ethics on performance is in the sales profession. Research
findings support the hypothesis of sales people who act in an ethical
manner and behave consistently to ethical standards of performance
outperform those that do not, according to Schwepker and Ingram (1996)......
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