TABL2712 Essays on EthicsQuestion 1: “Distinguishing between good and bad business conduct in Australia is ultimately very simple.” Discuss whether or not you agree with this statement. In your answer you must at least discuss:i. What you mean by the term “ethical business conduct” means that ethics and morals are fundamental to ethical business conduct in Australia. Ethics can be defined as society's expectations of what is right behavior, while morals refer to what actions a person considers right or wrong. Both ethics and morals can be a product of their environment. We speak of differential association, according to which an individual exposed to a certain environment in which there is no respect for the law will be more likely to commit criminal actions. As a result, if individuals affected by this differential association theory congregate in a company, this is more likely to result in bad corporate behavior due to the environments in which they grew up. Personally, I believe that ethical conduct in business refers to companies with certain ethics and morals operating fairly in difficult and controversial situations. However, it is not only necessary to focus on the ethical conduct adopted by the company externally, for example, on the way it treats customers or carrying out business functions, but also inside the company, for example, on the way in which individuals they deal with each other within the company. ii. The Arguments for and Against Attempting to Promote Ethical Business Conduct Ethical business conduct, whether promoted for or against, will ultimately affect the company's ability to make profits. In the end, it all comes down to the company's ability to juggle the two different perspectives... middle of paper... in a practical way and be of benefit to the community by influencing its employees. also work ethically, which increases employee productivity, ultimately helping the company grow sustainably in the future. If a company does not address unethical business conduct, it could damage its reputation. For example, if a company blatantly ignores the environment and causes harm to nearby communities, individuals in society will see that the company has a lack of corporate social responsibility. As a result, this makes the company less attractive to stakeholders who have an interest in protecting the environment even if the company makes significant profits. This could ultimately lead to decreased profits for the company, and as profits decline it could eventually collapse, impacting employees as they are unable to keep their jobs..