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Are there some industries in which ethical practices are more important than in other industries? If...

Are there some industries in which ethical practices are more important than in other industries? If so, name the industries that are ethical, and explain how the competitive actions and competitive responses might differ for these industries compared with a typical industry

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For industries like pharma, healthcare centres , food processing industries etc., ethics are more important than others. These industries need to follow the ethical values and provide helathy services. If ethics are kept aside many lives can be lost due to one mistake. In other industries ignoring ethics might not be as dangerous as for these industries. Even in competitive actions and responses they need to show their capacity through quality and efficiency and the one with much ethical values will be the best in these industries. Hence ethical values are much crucial for these industries when compared to the others.

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