ETHICALITY & PROFIT MAXIMIZATION Essay Example | Topics and Well Written Essays - 250 words

ETHICALITY & PROFIT MAXIMIZATION - leaven ExampleBusiness enterprises seek to maximize their profits by ensuring that the legal aspects of profit qualification and honourable practices complement one an otherwise. These ethical practices relate to all the stakeholders that influence line of descent operations in one way or another. For instance, a firm that rewards employee performance acts in the interest of both the employees and its own welfare. It is authorized to note that ethicality in business spreads across the internal and external business environments (Hooker, 2003, p.5). This makes ethicality in profit making a pertinent issue to account for across social and economic business concerns.Disregarding the ethical part of business operations can be fatal to the performance of any given enterprise. To actuate with, firms highly rely on markets and consumers for their business success. Customers favour firms that act in their interest alongside prosecute their bid to ma ke profits (Ferrell, Fraedrich, & Ferrell, 2012, p.276). Secondly, the same process factors in social corporate responsibility among other concerns. Therefore, ethicality and profit maximization can essentially be complementary as opposed to being enemies in the business environment.Ferrell, O. C., Fraedrich, J., & Ferrell, W., 2012. Business Ethics Ethical Decision Making & Cases, London Cengage Learning. Online Available at http//books.google.co.ke/books?id=sI1jqoMRW7gC&pg=PA166&dq=business+ethics+and+profit+making&hl=env=onepage&q=business%20ethics%20and%20profit%20making&f=false Accessed November,