In previous lecture, we have discussed about business ethics. It is important for companies to earn profits, but they should take business ethics into consideration while running their business.

Victoria’s Secret, Toys ‘R’ Us, Forever 21, Aeropostale, Apple, and Nike are the companies mentioned in the article that were found out that they were using child and slave labor.

Overvalue between short-term and long term might be the reason why companies are not running their business with ethical behavior. In short-term, it might be true that using child and slave labor will lower their production costs, but it is more beneficial if the company runs its business with ethical behavior. Firstly, in long-term, running a company with business ethics will tend to have more consumer support and this will lead to higher revenue. Secondly, running a company with business ethics will help the company to gain recognition and this will help to improve the brand name of the company. Lastly, running a company with business ethics will help to motivate the employees. Employee motivation is important because as the employees are enjoying working in the company, they will be more loyal to the company and this will help to increase their work efficiency.

In conclusion, as the company behaves ethically, customers will come atomically and they will help to increase the company’s profit.

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