Topic > Case Study on Ethical Awareness - 1016

There are two reasons why we should care about ethics in business, which are self-interest reasons and ethical reasons. Self-interest reasons such as reputation, competitive advantage, cost savings and anticipation of legislative changes. Ethics focuses on the concept “It's the right thing to do!” (Ellis, 2014). The main reason why the B&E company has the problem in this case is that the company overpaid the employee's salary; On the other hand, the company does well when it comes to having a diverse workforce and helps employees, especially older ones, to have a good quality of life. The company pays staff a living wage, while the competitor pays its staff a legal minimum wage which is lower than that of B&E staff