Businesses often encounter ethical dilemmas. Depending on the industry, there may be consequences to business behavior that ignores ethical standards.

For your project this week you will need to do the following:

• In a minimum of 2 pages, prepare an essay explaining to the leadership at MovieFlix why it’s important to take an ethical approach to solving their business problem (the problem that you are helping them to solve).
• Make sure to discuss how using good business ethics can enhance their profitability.
• Also, describe some of the consequences that they could face if they behave unethically when trying to solve the problem that you’ve selected for your project.
• Discuss how you, as their consultant can help them to take an ethical approach to solving their problem.
• Make sure to include an APA formatted title page and reference page for sources that you may have used for your research. Remember to follow APA guidelines when paraphrasing or quoting information. Don’t forget to cite your sources and include in-text citations as necessary.

Answer preview

Unethical and borderline illegal business practices are no longer tolerated in society and within an organization. In today’s society, organizations, especially organizational leaders, are expected to embrace and encourage adopting ethical practices within their organizations (Ferrell & Fraedrich, 2016). Failure to do this will inadvertently result in customers and other stakeholders holding them accountable for their unethical practices. Customers hold organizations accountable by terminating their business relationship with them, an aspect that adversely affects a company’s profitability. MovieFlix, like numerous other organizations, deals with various problems that might adversely affect its profitability (Ferrell & Fraedrich, 2016).

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