The answer is No. Adherence to ethics can never be an impediment to business success in the long run. Adherence to ethical business strategy though sometimes can have sometimes short term losses but in the long run establishment of positive image of the company to the public is much more important than short term gains. The recent Paul A Volcker-led United Nations' Independent Inquiry Committee's report on how former Iraq President Saddam Hussein abused the …showed first 75 words of 426 total…

…showed last 75 words of 426 total…there. Organizations should develop and document a procedure for dealing with ethical dilemmas as they arise. Ideally, ethical dilemmas should be resolved by a group within the organization. Ethical values in the workplace legitimizes managerial actions, strengthens the coherence and balance of the organization's culture, improves trust in relationships between individuals and groups, supports greater consistency in standards and qualities of products, and cultivates greater sensitivity to the impact of the enterprise's values and messages.