Business Ethics and business values are two important things that should not be ignored in this increasingly competitive business environment.
By having business ethics and values, the business that is run will not only generate material benefits, but also non-material benefits, such as a positive image, trust, and the sustainability of the business itself.
Important Benefits of Business Ethics to the Company
One of the factors that influence the progress of the company is the application of ethics in business. So, every company has different business ethics issues.
This is because the company’s operations are very specific in various fields of work so each company function has its own ethical problems.
The benefits of implementing business ethics in the company are:
Creating consumer trust
Companies that adhere to business ethics and moral values in running their business will create loyal customers.
This loyalty arises because of the trust from consumers that the company does not commit fraud or negative things that can harm consumers.
Good company image in the eyes of consumers
A good corporate image will get a positive response from consumers.
With a positive response from consumers, many will know the company and its products and it will experience an increase in sales.
As employee motivation
Employees who work in companies that uphold ethics and moral values will have high work motivation.
Given that the company they work for gains trust and a positive response in the eyes of the community, of course, these employees will feel proud to be part of the company.
This pride will trigger the enthusiasm of employees to work even better.
Generate profit for the company
With high consumer confidence in your business, it is not difficult for your company to generate significant profits.
Furthermore, this trust will enhance the company’s image in the future.
Especially if you support your business with high motivation from employees, of course your business will grow faster and better.