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Business Ethics Essentials

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Business Ethics Essentials

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Ethics in business

Created by

Valeria Gutierrez (376745)
Valeria Gutierrez (376745)
United States

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Business Ethics EssentialsOnline version

Ethics in business

by Valeria Gutierrez (376745)
1

Effective business ethics requires balancing profitability with responsibility toward , employees , customers , suppliers , and communities . Leaders should practice in reporting risks and decisions , and uphold to owners while pursuing long term value . Ethical decision making involves evaluating , avoiding bribery , and ensuring fair labor practices . Companies that embrace align their strategies with social and environmental goals , cultivate trust , and reinforce with laws and internal standards . When ethical standards guide strategy , organizations sustain reputation , reduce risk , and create lasting stakeholder value .

 
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