This code of ethics keeps the company on the same page each and every day. With that being said, having a code holds a high expectation for everyone to abide by it. It creates a better and more honest work environment, it allows there to be open communication on questions and concerns and ultimately keeps employees happy at work.
Good ethical decisions can sometimes be hard to make. Sometimes there will be no incentive to do the right thing at all. This is where Aristotle’s theory comes into play when he states that good ethos comes from the habitual practice of good ethos. So when it comes down to making a decision you know what is right and you know what is wrong. The one you decide on is what makes you ethical. Just knowing you did the right thing to maintain your reputation is what will ultimately cause you to make the decision in the first place and be satisfied with it.
The scandals that have taken place over the past decade and the laws that came out of them really shows how important being ethical in the business world is. You can ruin lives by the decisions you make especially when it comes to money. Without people practicing good ethics, there would be nobody to trust anymore. Trust is what companies want for their employees and their consumers. When a company has a good reputable background that will cause more people to invest, purchase, consume, care about their work, make it a happier place to be, etc. That is why the practice of good ethics is so vital; it keeps the companies going.