Ethics Is An Individual 's Moral Judgement About Right And Wrong

1604 Words Mar 31st, 2016 7 Pages
“If you build that foundation, both the moral and the ethical foundation, as well as the business foundation, and the experience foundation, then the building won’t crumble”(Henry Kravis). Ethics are an individual’s moral judgement about right and wrong. A business is an organization that provides goods or services to consumers. This falls into Marketing, the management process through which goods and services move from the producer to the consumer. Ethics in business became widespread throughout the united States in the 1970s. Just like ethics are used in social and personal life, they are also used in business. Managing ethics in the workplace is an essential soft skill. This is used to keep business’ progressing and to prevent downfall. An entrepreneur’s realm is mainly to have a successful business. Ethics in business are crucial in fundamental change. An entrepreneur must know how to distinguish right from wrong during ethical dilemmas such as critical change. Making ethical decisions for one’s business is already a successful advance which builds up on the entrepreneur’s realm. Ethics in business are important in marketing because it helps entrepreneurs gain social responsibility, it gives the entrepreneur’s business a good first impression and it increases profits.Ethics in business are important in marketing because it helps entrepreneurs gain social responsibility. Social responsibility adds the edge to a successful business in Marketing. According to the American…

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