Ethical Business Standards and Sustainability: A Reflective Analysis

This essay reflects on the importance of ethical business standards and sustainability, utilizing case studies such as the Gold and Diamond Watch incident and Richard Chang's airline business to illustrate ethical dilemmas. It discusses the impact of cultural differences and legal regulations on ethical considerations, referencing Utilitarian principles and diagnostic tools to evaluate moral standpoints. The essay highlights the significance of loyalty and the consequences of neglecting ethical frameworks, arguing that ethical considerations are crucial for the future sustainability of business organizations. The author's personal moral compass and understanding of ethical theories are also examined, emphasizing the need for businesses to prioritize ethical practices to avoid challenges and ensure long-term success. Desklib provides students with access to a wide array of resources, including past papers and solved assignments, to support their academic endeavors.