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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

JUNE 2011<br />

VOL 3, NO 2<br />

As we mentioned earlier a good corporate reputation confirms the high level of trust in a<br />

company. It can make a strong relation with a number of stakeholders either emotional or<br />

intellectual and beside it can act as a source of authority and credibility for the company.<br />

Boatwright, 2005; White, (2006) have explained that business ethics as a competitive advantage<br />

includes making good and permanent relationships with stakeholders and try to keep this relation<br />

based on honesty and integrity. Ethical relations in business is like human relations together and<br />

as all we know it is nothing but a two ways traffic line not a one way and it is based on mutual<br />

respect and trust. Successful business must treat the parties affected by the corporation’s actions<br />

as constituents to be consulted rather than spectators to be ignored. Doing so was just smart<br />

business. This was a novel step that was among the first attempts to characterize the impact of<br />

ethical behavior on a company’s financial performance.<br />

Burgelman and Meza, (2001) argued that from the customers‟ perception, the illusion was real<br />

enough to draw tens of thousands of visitors per day from all corners of the globe to browse<br />

Amazon’s virtual bookshelves Today, Luftman et al., (1999) say Amazon’s state-of-the-art,<br />

highly-coupled supportive ICT infrastructure provides apparent seamless integration between<br />

internal and external databases of all kinds.<br />

Also Gillenson et. Al, (1999) investigated that it’s sophisticated software that enable Amazon to<br />

predict customer interests in other products, based on the order profile of individual customers<br />

and of all others exhibiting similar product interests and purchasing patterns. Sing, (2002)<br />

believed while other online booksellers compete for a small piece of market share, Amazon uses<br />

its technological sophistication to promote continued expansion of the firm.<br />

We should consider ethics in business as an important part regardless of the size of the business<br />

and or organization. Also it doesn’t matter whether your customers are many or few; the<br />

relevance of adhering to high ethical standards is the same. There are many organizations in the<br />

business world which, have put compulsory ethical standards.<br />

Wolfe, (1994; Hendriks, (2001); Senge, (2001; Meyronin, (2004) all pointed out that<br />

organizations like Amazon, Dell, EBay, Google, numerous banks (e.g. Chase.com and<br />

Citibank.com), retail chains (e.g. LLBean.com, WalMart.com, and BestBuy.com), the travel<br />

industry (e.g. JetBlue.com, Avis.com, Orbitz.com, and Expedia.com), and price search engines<br />

(e.g. PriceGrabber.com, NextTag.com) are led by senior management teams who not only<br />

recognize the greater efficiencies that can be gained by leveraging new ICT technologies, but<br />

they actually create entirely new ways of marketing services based on ethical standards. These<br />

firms distinguish themselves by mixing aspects of marketing with their strategic operational<br />

approach that consider ethical issues as a necessity for this era of business and, in sum, bring<br />

about causal responses from consumers that may be deterministic responses. They recognize that<br />

by using ICT in a focused and deliberate fashion, they can create and leverage opportunities to<br />

provide accompanying marketing services while sustaining operational efficiency.<br />

Gap in literature<br />

To explain the gap in literature we need to bring scientists ideas again and interpret what they<br />

have told in this area and express our own views regarding to that particular subject. Mahoney<br />

mentioned (1997) the need for morality and ethics in business has never been greater and<br />

precisely because the power of business has never been as extensive as it is today. We agree with<br />

COPY RIGHT © 2011 Institute of Interdisciplinary Business Research 543

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