Importance of Ethics Over Law in Business Practices for BCL101
VerifiedAdded on  2022/11/25
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Essay
AI Summary
The essay explores the critical relationship between ethics and legality within business contexts. It argues that while businesses must operate legally, ethical considerations often carry more weight than legal compliance alone. The essay highlights scenarios where actions can be lawful but unethical, such as terminating an employee without notice despite contractual terms, which may harm livelihoods and morale. Additionally, it addresses activities that are both illegal and unethical, like workplace bullying, which negatively affects mental health and organizational productivity. Through references to scholarly works, the essay emphasizes that prioritizing ethics leads to inherently legal behavior, as ethical practices encompass ideal standards that laws aim to codify. Ultimately, businesses striving for excellence must consider ethics alongside legality to ensure positive outcomes.
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