This essay discusses the importance of business values in modern corporations, arguing that ethical conduct is crucial for long-term success, brand image, and stakeholder trust. It examines various types of business values, including personal values, workplace ethics, and management codes of conduct, highlighting their role in improving productivity, goodwill, and profitability. The essay presents counter-arguments, noting that some companies achieve high profits without strict adherence to ethics, but emphasizes the benefits of ethical practices, such as customer loyalty, employee retention, and a healthy work environment. It explores Australian ethical values, the impact of information technology, and ethical rankings of different sectors, referencing corporate scandals like United Airlines and Volkswagen to illustrate the consequences of unethical behavior. The essay also discusses ethical companies like JLL, which prioritize community improvement, workforce development, and corporate social responsibility. Furthermore, it delves into moral theories such as utilitarianism and Kantianism, along with moral principles like beneficence, justice, and transparency, concluding that business ethical values are essential for building trustworthy stakeholder relationships and ensuring long-term financial stability and growth. Desklib provides a platform for students to access this essay and numerous other study resources.
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