BUSINESS LAW ETHICS AND BUSINESS DECISION MAKING

INTRODUCTION
The need for an organization to embrace ethical approach in conducting its business into competitive and dynamic business environment is an approach for managing high risk involve in contemporary business. Decisions that are vital and adequate in the business to reach its organizations goals are reached when stakeholders and members of the organization’s management do those things that are rights and which it is lawful and moral for them to put in place. Ethical practice in workplace is all about doing those right and moral business practices that tends to engender the acceptance of organization to its customer and members of the public. According to Zablow (2006), “There is growing evidence that a broad cross-section of stakeholders, including shareholders, regulators, law enforcement, leaders, insurance underwriters, analysts and bond raters are willing to reward organizations that have a proven commitment to integrity”. The above quote goes to show there are rewards and advantages associated when an organization follows and practice the business ethics associated with the kind of business that is operated. Indeed the set objectives of the business organization cannot be achieved unless the employees of the business enterprise demonstrate the appropriate ethical behaviors in the execution of assigned duties, ultimately enhancing the corporate image of the business outfits in the environment where it operates (NIM, 2005).

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