The second term paper is about Ethics in business and its importance in doing business. We have witnessed in the last decade very profitable running businesses suffer from a downfall and some seemingly effective corporations receive a great fall in their profits and popularity. The main reason behind these failures is the lack of business ethics. to become successful a business needs to be driven by strong ethical values. Accepting bribes, pleasing the important client, favoring a part of the customers while being unfair towards others is against ethics in business. The primary objectives of a successful business is not only to maximize profits, but also to cater to the needs of the society and work towards benefiting the masses.
Write on this topic and use an example of corporation that uses all its resources to create value for the all steak holders including the masses, and other corporations that used the wealth of the business for personal reasons violating the trust of the shareholders and the public.