OMM 640 week 2 assignment 1

Apr 5th, 2015
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Ashford University
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Chaquinta R. LearyBusiness Ethics and Social ResponsibilityFinal Project Topic Selection Ashford UniversityAlan SwankDecember 10, 2012Ethical behavior and business:Ethics and business has become necessary for each other. Business practices are following ethical ways now. Ethical Business practices include assuring that highest moral and legal standards that are observable in your business relations with people and community. Most importantly, Ethical practices of business focus on the relationship with customers. If business prefers short term profit at the cost of losing a customer, it will be a long term death of the company. This paper will discuss the importance of ethics in our lives and how it has emerged as contemporary business practices. Ethics is now an essential part of business practices and how much preference and favor ethical business gain from customers and other stakeholders.Introduction:i.What are ethics?ii.Importance of ethics in our livesiii.Ethics in relation with business practicesEthical practices bring benefits for business:i.Customer loyaltyii.Employee relationshipsiii.Strong business relationshipProblems in incorpor

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