Developing a company ethically is only going to become more significant as competitors invest in their respective initiatives. However, sustainability may also refer to the use or consumption of other natural resources, such as water. So is it more important that a company pay attention to, and potentially invest in these areas?
At the crossroad of new ethical questions, shifting expectations, evolving values, increasing individual autonomy and constant uncertainty, businesses will be faced with a new breed of risk. And ethical voice frames the availability, access and control of resources and experiences that enable effective reporting, sharing and speaking out, making it possible for people to have control over dilemmas and ethical outcomes.
Because they often the lack training and work experiences of their more senior colleagues, younger staffers are more likely to engage in unethical practices, the study said.
Being ethical in business is difficult, given the nature of the tasks involved with leading an organization: The decisions are complex; there is no time for reflection, vital information is missing, etc.
Behavioral science concurs.
A study published in the Journal of Business Ethics revealed that PR professionals at firms with ethical policies were significantly more likely to engage in ethical practices.