How important are business ethics to a company and their success?

Trying!!: How important are business ethics to a company and their success?
Discuss the ethical climate at a business that you are familiar with or one that you have researched. How have ethics affected this business? What does this business do to enforce ethical principles? What things could they do better?

How can we as individual employees influence the application of ethics are our businesses? Give your thoughts and ideas on this subject.

Answers and Views:

Answer by nixdad96
Business ethics is essential for investors to believe in your company and for consumers to believe in your product or service. Just ask the people who invested in Enron; Tyco and Adelphi.

Answer by slackjawhb
business ethics are important but are difficult to enforce. I am a member of a professional organization with a defined ethics policy in it’s bylaws. there are complaints of ethics violations against 3 members but no one wants to sit on an ethics committee for fear of incurring personal liability. It’ a ridiculous situation mired in politics and fear of reprisals.