THE IMPACT OF BUSINESS ETHICS ON THE PROFITABILITY OF AN ORGANIZATION
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- NGN 3000
ABSTRACT
This study was carried out to examine the impact of business ethics on the profitability of an organization using Nigerian Bottling Company, Osogbo, Osun State as a case study. Specifically, the study was aimed at studying the concept, practice and general principles of ethics in business and how the concept has been effectively integrated into their practices with respect to the organization profitability; to find out the extent to which the business ethics affect organizational profitability; to find out the different ways by which the ethical standard differ in various societies; and to recommend ways by which the business organization can successfully control their business ethics. The study employed the survey descriptive research design. A total of 40 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that there is significant relationship between business ethics and level of profitability in an organization; there is significant relationship between business organization and ethics; there is significant relationship between business ethics and sales volume of a business organization; there is a significant correlation between business ethics and the level of social responsibility of a business organization.
The study recommend Organisations to on a frequent basis identify the ethical issues they have and relate with to societal needs by helping to solve the problems as much as possible with utmost sincerity.
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