Ethics and Values in Business Sustainability - 789 Words

Question 1 Rough Draft Ethics and values can be described as very important to business sustainability. There are ethics which are individual moral principles that govern or influence a person’s behaviour and there are business ethics which are written or unwritten codes of principles or values that govern decisions and actions within an organisation. Values are the context within which an organisation or a society’s norms are established and justified. All these aspects are important to the sustainability of an organization. Theses aspects and how they contribute to organisations sustainability will be further discussed in this essay. Ethics and values are closely related and impact on the operations of the organization. The ethics and values of business create the business culture and shape the behaviour of the different stakeholders within the business. Employees associate with the ethics and values of a business and are more inclined to work and be loyal to that business. This in turn creates sustainability within the business because employees are motivated through the association of business ethics to work harder, stay on longer and be more innovative towards the business ideas. Employees also motivated through how the business conducts themselves internally. The internal ethical issues of the business show how important ethics and values are to promoting or tarnishing sustainability. Internal ethical issues are the code of conduct of the business which is theShow MoreRelatedThe Importance of Ethics and Values in Business Sustainability1050 Words   |  4 PagesTHE IMPORTANCE OF ETHICS AND VALUES IN BUSINESS SUSTAINABILITY What are Ethics and Values? Ethics are the principles that regulate the conduct of an activity and values are the judgement of what is important in life. Businesses are often tempted to make short‑term gains by turning a blind eye to what’s right. 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