Importance of Ethics in corporate world

Importance of Ethics in corporate world

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The word ethics means deciding good or bad, right or wrong. The word ethics is derived from the word ethos.

In today's world, there is competition in corporate sectors, so following rights ethics is necessary.

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Ethics depends on person to person. But most of the ill ethical activities are in corporate sectors only.

In the corporate world, these ill ethical activities are known as frauds.

Frauds are mainly divided into two parts, one which is within the company and the other is outside the company.

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If such ill ethical activities are seen growing in a particular company then the goodwill of the company sees a downfall. These may damage the reputation of companies in the long run.