Ethics And Responsibility
Businesses do not exist for the sole purpose of making money. A certain business entity is created with several inherent goals, which include providing goods/service, promoting community development and earning a profit. All businesses have a responsibility to give back to the community where they operate. These can be done through implementation of community development programs and supporting public projects. And aside from businesses’ social responsibility, they also have the duty to adhere to certain business ethics. Operating ethically and responsibly can give businesses a great deal of benefits. These include enhanced reputation and good will, reduced risks and costs associated with malpractice, stronger competitive position, and expanded access to capital and credit.
Declaim against immoral executives