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In every aspect of life, ethics play an important role for deciding and differentiating between correct and wrong things. In the similar sense, ethics play an important role in decision making for the benefit of business organization to gain competitive advantage and survival for a longer duration (Benn and Bolton, 2010). Business ethics and corporate social responsibility work as a blue print to take important decisions for the benefit of business organization.
There are a number of advantages that a business organization observe due to the decision taken while considering ethical behavior and this help in attracting and retaining customers, employees and investors for longer duration (Visser, Matten, Pohl and Tolhurst, 2010.). Working in ethical manner, develops a feeling of promise made by business organization that the money invested by investor is used in an effective manner and is aligned according to the objectives of a business organization. Business ethics develop and influence customers to buy products and services that are offered (Werther and Chandler, 2010).
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