Creating an ethical organizational culture has now become a major priority for many companies because failing to do so can be catastrophic.

Question

Quizplus · Accepted Answer

Many companies have realized the importance of creating an ethical organizational culture to prevent scandals, negative publicity, legal actions, loss of reputation, employee turnover, decreased productivity, and financial losses. Therefore, they invest in training, communication, policies, procedures, leadership, incentives, and monitoring to promote ethical behavior and values. Failing to do so can lead to serious consequences for the organization and its stakeholders.

Creating an Ethical Organizational Culture Has Now Become a Major