Sustainability and Ethics

Sustainability and Ethics 1
Sustainability and Ethics
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Sustainability and Ethics 2
Introduction
Demonstrate an understanding of regulations, the law and business ethics in organizations
The business world plays a very important role in the country’s progressiveness. There
are distinctive features that make a successful business. The business has been impacted by
several forces for its survival against the implemented rules and regulations. It is a necessity that
all the businessmen follow the established laws and regulations since, without these laws, the
success of the business cannot be assured. Ethics affects business. Ethics have heavy impacts on
business in many different ways. The distinct era of the people, world and specifically the elites
of the world overlooked the ethics and principles that hindered the success of the era (Crane, and
Matten, 2016). This paper’s main focus is in highlighting the impact of the ethics in the business
and to demonstrate an understanding of the regulation, law and business ethics in various
organizations. It enables us to relate well the how distinct systems of ethics regulations and ages
affects the business and fostering the values of business law and ethics.
In definition, business law implies the rules that are related to business entities such as
corporations and partnerships. It regulates the business and ensures that it rhymes with the
established policies by the business world. It builds a relationship between the businessmen and
their states that every business operation will be done according to the published rules and
regulations. Business law controls the cash flow in trade (Ferrell, and Fraedrich, 2015). It is
comprised of business formation, contract, litigation, merger and acquisition, and consumer
protection. The set laws majority deals with the illustration of the responsibilities and rights and
extending to the overlapping business issues. The primary governing authority is the Uniform
Commercial Code (UCC) for commercial transactions. In business law, there are some essentials
such as environmental law, insurance, and tax liability, contract employment law and tax law.

Sustainability and Ethics 3
These essentials govern the business over the entire world without which, no business can
progress.
In the contract law, is the general involvement with the legal transactions in operating a
business. This enables a sound business agreement that can is enforced by the law when solving
a dispute. A contract is a legal agreement between two or more parties that sets a task either do
or not to do any operation. The word party can be used to refer to people or companies
(Reinecke, Arnold, and Palazzo, 2016, pp82-97). The organizations have always set their
regulations on how they deal with their employees, customers, and competitors in the prevailing
business environment. The parties engaging in a business contract must be of a safe mind and
should have a clear understanding of the agreement terms.
Demonstrate an understanding of the organizational values that support ethical decision
Making
The crucial ethics of a company are considered to be the organizational values that every
particular organization complies with no matter what. The key benefits of such values are that
they tend to motivate the employee’s efforts towards the attainment of the organizational goals.
Arguably, a true reflection of a company's aspirations should be based on true articulated values,
because they are usually necessary for workplace behavior. Additionally, the values help in the
development of a positive culture within an organization (Ferrell, and Fraedrich, 2015, pp111-
113). The perception of the employer is always based on the culture, values, and vision by the
employees of an organization. The above-mentioned factors are usually considered as important
aspects. Moreover, according to a study conducted recently, it was found out that firms that
displayed a set of ethical principles are more profitable than others, and thus they have the