Ethical Business in the UK Essay Example | Topics and Well Written Essays - 750 words

Ethical Business in the UK - Essay ExampleA survey done by UK Institute of Business Ethics revealed that the good companies posted better performances when compared to those that were not. The ground made comparisons of the economic value added (EVA), price and the market value added (MVA). One of the reasons why the honorable companies outperformed those that do not be not was because of the high productivity of their employees (Palmer, 2010, 99). It is very rare that these companies lose their best workers and frankincense the production process flowed effectively. The other factor that is pointed out as making the ethical companies perform model(a) was due to the positive reaction to people to their products and services. In many cases, people preferred to be heterogeneous with the ethical companies that are operational in the UK. The last factor lead to the better performance of ethical companies is that highly qualified employees and executives are normally attracted to such companies.Economists argue that the focus on ethical companies came as a response to an environment characterized by aggressive enforcement. The financial crisis that took place in the UK made the ethical companies skate the financial downturn (Flynn, 2008, 121). Unlike the olden days where business leaders just involute down their eyes on the mention of ethics, many managers recognize the role that ethics play in their businesses. leaders who are innovative have the ability to see the connection that exists between profits and ethics. Leaders in the ethical companies have the notion that the company does not suffer any losses in the increase of resources that help it comply with the set ethical rules.People in the UK have grown foil by the existing tax loopholes that make the international companies avoid paying taxes or pays very inadequate taxes as compared to the other companies. In England, a group of people took to the streets of London to demonstrate against the tax looph oles that existed in the country (Crane & Matten, 2010, 67).