Ethical behaviour is important in every aspect of life and business. You should behave responsibly to make good decisions for both yourself and other people. In addition, you should also consider the consequences of your actions in terms of environmental and social impacts. Ethical behaviour is essential in business because it can affect the lives of everyone involved in the transaction. Whether you are buying goods and services from another company or selling your products, it pays to conduct your business ethically. The main reasons why people cheat their customers include greed, dishonesty and lack of integrity, but they can also be caused by poor customer service. Let’s see below the basic ethical issues in businesses.
Not giving accurate information about prices
This includes not telling all of your costs and expenses so that a potential buyer will think he/she is getting a better deal than if a more accurate price was given to them. Also, if something does happen to cost more than expected, it might put you behind on payments, which could cause problems later.
Buying at a lower price than what was advertised
This is called underselling, and it’s one of the most common unethical practices in sales. Sometimes it happens even when an item has been sold out.
Taking advantage of a situation to get something for free
This may mean doing extra work without receiving any compensation or asking for credit on a purchase that you know cannot be paid off in full. It may also mean using someone else’s email address, name, phone number, etc., and claiming the business owes you money or wants to do business with you.
Making promises that aren’t kept
Many companies don’t give their best estimates or promise things that they cannot deliver. If you sign anything without reading it thoroughly first, then you could be opening yourself up to a lawsuit.
It means working inefficiently and cutting corners to save time and effort. Cutting corners makes products less useful and leads to mistakes that often cost more to fix later.
For example, putting a high-value product in a low-quality box. This is misleading and deceiving as well as unethical.
Some companies try to inflate the size of purchases to justify making larger profits. However, this is against ethics and illegal.
Bribing involves offering a person something who would normally not accept such gifts. For example, giving a gift card instead of cash on casino clic. Or offering to pay a person’s salary if s/he agrees to act dishonestly toward another company.
Fraud is misrepresenting facts. This may involve falsifying invoices, inventory records, statements, financial reports documents, contracts, payroll checks, or any other form of documentation.
Unethical employee behaviour
In some cases, employees may engage in unethical activities on behalf of management; others may do unethical things simply to meet deadlines.
Being late is considered one of the worst acts possible in business—and that goes double for those who sell themselves or their company. People tend to judge others based on their timeliness, and being late just sends the wrong message: You’re unreliable and sloppy.
In conclusion, there are many different ways of committing unethical business behaviour, but every unethical practice should be avoided by businesses involved in providing services (especially if the client base can impact negatively upon the organization). To avoid falling into these traps, always be honest, ethical, and fair when dealing with customers, clients, suppliers, partners and co-workers.