A Significant Role In The Field Of Business Management - 275 Words

A Significant Role In The Field Of Business Management (Essay Sample) Content: Organization EthicsName:Institution:Date:Business Ethics are moral values that help a company behave responsibly when business terms and conditions are concerned. However, they help an organization to distinguish what is "right" and "wrong" as well as making decisions responsibly. Embracing a strategy to mimic United States business ethics in other countries will be a wise decision that will aid in shedding light to other nations to enhance business progression.Firstly, business ethics serves a significant role in the field of business management. In that regard, establishing United States business ethics will be beneficial to the country since there will be reduced risk. In every business, even if it strives hard to comply strictly with the law, it is subjected to risk such as; * Being exposed to criminal prosecution for either bribing the coordinating officer in a certain field. * Failure to observe the quality standards of goods and procedures.In such cases of a business being vulnerable to risk are considered, it is quite important for the country to embrace business regulations and ethics such as those practiced in the United States.Secondly, I recommend that United States business ethics should be adopted in other countries since it reduces the cost incurred when an organization is caught up with issues of bribery, kickbacks and other forms of illegal conducts. When an organization is caught up in such issues, it is accompanied by a hefty fine that could be as well spent developing the business to thrive economically. Therefore, it would be an unethical act not to foll...