The prosperity of modern business is more complex than decades before. Previously, an entrepreneur only needed to produce or source goods and retail them at high traffic points, but due to increasing problems between agents and customers, the market has become increasingly concerned about the quality of services and goods offered by companies. This has opened up a new business front known as business ethics and governance. It involved creating organizational systems to develop trust laws and policies, which will allow companies to use an ethical image to create world-class brands. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Ethical business practices are receiving increased attention from the market; Consumer protection groups, industry associations and agencies are vigorously encouraging and campaigning for product safety, customer management and quality service delivery. Corporate ethics is a daily process, it defines the way of operating from the procurement phase to the post-service phase. An organization must inculcate the right corporate values ​​to provide ethical services. Jurisdictions have become extremely vigilant about supplying quality products, with parliaments enacting laws, such as the Company Act, to govern business activities. Ethics define every business decision-making process, so executives play a significant role in promoting core values ​​aligned with the company's mission. and objectives. Companies are investing heavily in induction training to ensure new employers are instilled with established workplace values. People are faced with ethical dilemmas, such as using office resources for individual use, rising financial figures to paint a picture of superior performance. Some employees may engage in unethical behavior when faced with the possibility of doing so. Therefore, it is important to build commitment to credible standards by introducing new hires. The International Standards Organization (ISO) establishes various frameworks that help management improve business ethics through well-thought-out workplace policies. The growing demand for quality products has forced most companies to seek ISO accreditation, which is a clear sign that ethical operations are a driving force in gaining competitive advantages. On major stock exchanges, such as NASDAQ, London Stock Exchange, Tokyo Stock Exchange, Australia Stock Exchange and Johannesburg Stock Exchange; Listed companies are rapidly adopting ISO systems to help them with their day-to-day operations, to ensure wealth maximization for investors. Businesses with ethical practices are able to maintain long-lasting relationships with consumers that result in a long-term revenue stream. Ideology characterizes an organization. Companies try to create a particular image that will be an integral part of the interaction with market participants. Customers value trust and honesty, seek to get the most value for their money, and are ready to walk away from a company that doesn't meet this need. Therefore, corporate morality limits dishonesty and seeks to facilitate adherence to ethical practices. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Physical wealth is parallel to ethical possession, an activity seeking quick gains obtained through dishonest means.