Business ethics are important because they keep business people to operate within a moral and legal pedestal which not only leaves them satisfied internally but also increases sales because most people like dealing or doing business with honest businessmen.
I think it is very important it helps you to earn the good will which is the most expensive asset of the business and people also trust you i consider it essential and fundamental for business
Ethics is important to run any business effectively,we can run a small business like junk and get money but for a longer run or t o extend the business maintaining a perfect ethics is essential.
To me.business ethics is important. Why? we must have a 'rules' to do business. Many people fail in business because they do not have 'rules' in business.
The business ethics is an integral part of the business it highly depends up to the overal performance because if you have set better Ethics for your business that can really turn it to long profit cycle!
In internet marketing, you will get more if you have long participation. People will trust you so your business will smoother. But, if you mean about real company, of course social responsibility will make your client will give more sympathy to your company.
If you want to build a long lasting and reputable company as you move forward you must understand the true core of business, which comes right down to ethics. Business relationships are far different than personal ones and they must be treated as such.
in my opinion business ethics and social responsibility are very necessary for long run of any kind of business..
Bottom line is: Business ethics are important because of the impact it can have on the reputational risk.
Relationship, Trust, Authority will always be essential...even more so in the new and upcoming world of social networking. So Business ethics ie. treating people like people will get you far and beyond !