Ethical Issues Related to Business Strategy

Every business faces ethical issues during performing the operations. Developing ethical codes and conduct is the responsibility of the business. Each and every member of the organization has to follow the ethical codes. Trust and integrity are the crucial concepts ethical issues and the complex issues are such as decision making and governance.

A Glimpse of Business Ethics A * Lorem ipsum dolor sit met consectetur Business ethics is the area of the responsibility of an organization and where businesses are expected to follow or conduct socially and legally in the ethical manner. The five key elements that are included in business ethics are honesty, trust, integrity, openness, and confidentiality.

B Fundamental Issues of Trust and Integrity Ensuring trust and integrity between a business and customer is a necessity for the organization to operate in the ethical manner. Trust builds long lasting relationships with customers and also retains the customer who is loyal to the business.

* Lorem ipsum dolor sit amet A c C Diversity Issues of Respect and Equality There are various and different kinds of employees or workforce in an organization. It is crucial for a business to respect their differences and treat them all equally. This is one of the ethical issues that a business should make sure to deal with.

Compliance and Governance Issues All the businesses are expected to operate by following the laws for conducting a business whether it is environmental laws, safety laws, and monetary laws. Decision Making Issues Decision-making issues can be dealt with by making decisions keeping in mind the common good for everyone and making sure everything is fair. D E

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