Business ManagementName: SzarathkumarSurname: JayakumarStudent Number: 201470704IndexNumberPage Contents3 Ethics in a businessValues in a business4 Values in a businessLeadership in business5 Leadership in business6 ReferenceEthicsIn this section of the assignment I will describe my understanding the values and ethics involved in corporate sustainability. This benefits from good ethics and values and the importance of ethics and values in business sustainability. Ethics: can be defined in people's words and the moral code by which they are governed. The benefits of good ethics for the company are that it creates profitability, gives the company a competitive advantage and creates a good reputation for the company. Profitability is created when employees are loyal to the company and do not create corruption in the company thus creating a sense of trustworthiness towards the company from the customers which in turn generates profit for the company. The profit generated produces revenue for the company which will help fund the company in future endeavors. Competitive advantage can be described in this context as a reliable service or product. Reliable products or services can be created because the company has employees who practice good ethics and can guarantee that there will be no defects or problems. This in turn causes more customers to purchase from the company and creates competition for other companies advertising a similar product or service. The competitive advantage makes the company more futuristic as they always try to create new products or services available to the consumer, so that means they are leaders in that kind of market. This creates stability as there are always new products... middle of paper... in the company.ReferenceAccounts next door. (2010). Importance of business ethics / importance of ethics in business investing. [Online]. Available from: http://www.accountantnextdoor.com/importance-of-business-ethics-importance-of-ethics-in-business-investment/. [Accessed: 21 April 2014].AliSalman. (2013). Benefits of good leadership in business and role of good leadership in business success. [Online]. Available from: http://rapidboostmarketing.com/benefits-of-good-leadership-in-business-and-role-of-good-leadership-in-business-success/.[Accessed: 24 April 2014].Nieuwenhuizen C & Oosthuizen TFJ. (2014) Business Management: A Contemporary Collection. 2nd edition. Future Vision Business Consultants (FVBC).SmallBizConnect. (2014). Leadership and business. [Online]. Available from: http://toolkit.smallbiz.nsw.gov.au/part/8/39/187.[Accessed: 24 April 2014].
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