Business Notes: Advantages of ethical behaviour

  • Fair, the right way of doing things
  • Morally correct
  • Could enhance or lead to a better reputation
  • Should make it easier to raise capital
  • Pressure groupds should see them in a better light
  • Higher levels of repeat business and customer loyalty
  • Word of mouth promotion
  • Easier to recruit/ retain employees
  • Reduces the chance of breaking the law
  • Higher product safety and quality
  • Gives the company a competitive edge or unique selling point
  • Suppliers more willing to supply
  • Recognition and awards
  • Media recognition
  • Lowers operating costs (lower emissions, government grants, recycling) – cost advantages

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