Is Business Ethics really important for Organization ?

World Class management schools often have Business Ethics subjects in their curriculum. They often ask their students, the probable future Business leaders, to focus on more on Business relations and ethics.

In short Business Ethics, is as Be true to your clients, maintain their privacy at any cost.
But does companies really follow these basic rules when they really do business with their clients ? From real end scenario, companies often look at their balance sheets profitability rather than business ethics.

Business leaders often give false statements to clients to make them happy, they often make their employees to do task for which they are not entitled for. Often clients information is shared with ad agency and online web agency like in case of Open graph initiative by facebook, a well known Social networking site. They are building their group like anything, but due to monetization their are keeping their business ethics at bay and sharing client information with other members of the online web. Though, in short FB may able to raise its profit books , but in the long run it may lose some edge with its customers.

Ideally, Companies should focus their business on Business Ethics, because that can only help them to sustain in the long run in the business.

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Thanks & Regards,
Mohit