Business Ethics

Business Ethics

Business Ethics

Business ethics has been a common term in the business world today. Businesses are driven by profit motives. Companies and individuals do not take the issues of social responsibility with any seriousness. They believe that they do not have any role or responsibility of promoting the welfare of the communities in which they are situated. Lack of observance of business ethics has led to legal battles where companies have been sued for failure to observe business ethics.

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In conclusion, it is very important for any business to engage in ethical behaviors. In the above case, the company engaged in very unethical and illegal behaviors. They were found guilty, and they were charged three billion dollars as penalty.

References
Belkin, M. (July 2, 2012) Largest Health Care Fraud Settlement in U.S. History Against Top Vaccine Manufacturer GlaxoSmithKline. Health Impact News Daily.

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