Business ethics

Business Ethics is one of the most challenging issues facing the corporate world today, here in the United States and abroad. The corporate world has been involved in a number of ethical scandals which involves several activities, which includes tax evasion, racial discrimination, insider trading, employee drug and alcohol abuse, and many more. Business ethics has a huge impact on the survival of many organizations. "An ethical manager in the corporate world considers what is …

…the trade-off between long-term and short-term decisions are important in businesses because it is there duty to provide quality products and services. In order for the corporate world to stay astray from ethical scandals, corporations must constitute their ethical standards not only in compliance with the law because everything legal is not ethical. It is of urgency for the corporate world to do so because that is their purpose, to serve society at its best.