At the core of a business organization should be a focus of maintaining ethical behaviors, which are the moral principles and values that individuals or organizations live and stand by. Avoid unethical behaviors. Your small business can be ethical by doing what society defines as what is just and fair. These acts include philanthropic, ethical, legal, and economic responsibilities that should align with an organization’s practices. Doing these, and avoiding unethical behavior, will help both your ethical and financial bottom line.
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Companies should also engage in corporate social responsibility that demonstrates involvement and care for the community.Bayer Corporation, which produces Yaz birth control, faced serious ethical issues. They allegedly engaged in false advertising where they stated that their birth control pills has a broad range of uses and that potentially serious side effects have been minimized. Both of these allegations were found to be false by the Food and Drug Administration (FDA). Because of this, Bayer had to spend an additional $20 million to fix their advertisements and be approved by the FDA before running them.
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