Significance of Ethical and Moral Standards in Trade and Business

Abstract

Sustainable economic growth is not only the ultimate goal of business corporations but also the primary target of a local government and regional and global economies. One of the cornerstones of sustainable economic growth is ethics. Ethical leaders and employees have great potential to influence decisions and behaviors that lead to sustainability positively. Ethical behavior, therefore, is expected of everyone in the modern workplace. This paper argues that ethics in the business is the most important sector in leading to profits and success. An organization needs to be driven by strong ethical values, not only profit.