Business Ethics and Organizational Sustainability: A Study of Micro, Small and Medium Scale Enterprises in Asaba, Delta State

Abstract

The study examines the relationship between business ethics and sustainability of Micro, Small and Medium Scale Enterprises in Delta State, Nigeria. The study employed cross sectional research design in examining seventy-three (73) firms. The population of the study is made up of owner-manager of SMEs (Hotels and Guesthouse) in Asaba metropolis. Census was adopted in which all
the seventy copies of the questionnaire distributed to the respondents. Data were analyzed with the aid of Spearman’s Rank Correlation Coefficient to examine the relationship existing between the study variables. Findings revealed the existence of significant relationship between the dimensions of business (transparency and integrity) and the measures of organizational sustainability given as economic, social and environmental sustainability. From the results of the finding, the study concludes that business ethics undoubtedly influences organizational sustainability. Thus, it was further recommended among others that, the right strategies and policies should be put in place to align corporate goals and objectives in the dimension of business ethics to achieve organizational sustainability. Also, organizational leaders/managers should give apt orientation to organizational members to imbibe ethical practices into all organizational processes, this will positively affect firms’ sustainability.