What Can Go Wrong When Failing to Acquire Ethics Business Essay (Essay Sample)

What Can Go Wrong When Failing to Acquire Ethics
Author’s Name
Institutional Affiliation
Impacts of unethical Business Practices
In this world, it looks impossible to live an entirely ethical life. However, it is practically essential to strive to live a moral life as an unethical experience has repercussions. Ethics has grown to be an attractive research topic in business since we are in an era where getting ahead and making money seems to precede over ethical decision making both by the firm’s employees and its management.
Business headlines have demonstrated how unethical business practices can create a shock to the operating companies. The recent scope of corporate scandals has revealed that unethical and immoral behavior by business corporations can massively impact repercussions on shareholders, workers, pension investment firms, customers, and suppliers. Failing to acquire ethics can harm sales, increase employee fraud, and scandals while lowering their productivity. For instance; when a manufacturer puts horse meat in sausages and sells them as beef, that would reduce sales on the knowledge by the potential consumers. Low sales would cripple the company’s profits thus little or no expansion. Additionally, such behaviors can also damage a firm’s reputation and lower customer’s confidence and trust.
When the management of a firm mistreats its w