The business case for an ethical strategy:
A) focuses primarily on costs that are difficult to quantify (for example,customer defections and adverse effects on employee productivity) but can often be the most devastating.
B) emphasizes that pursuing unethical strategies not only damages a company's reputation but can also have costly consequences that are wide-ranging.
C) starts with numerous ethical rules and guidelines and an environment where employees rely on these rules for moral guidance.
D) starts with managers who understand there is a big difference between adopting values statements and codes of ethics that serve merely as window dressing and those that truly paint the white lines for a company's actual strategy and business conduct.
E) begins with ethical guidelines that help send the message that management takes the observance of ethical norms seriously and that behavior falling outside ethical boundaries will have negative consequences.
Correct Answer:
Verified
Q42: Internal administrative costs which are incurred by
Q45: Visible costs that are incurred by companies
Q47: The essence of socially responsible business behavior
Q48: An environmental sustainability strategy consists of a
Q48: Striving to be socially responsible entails touching
Q49: The strength of the beliefs underlying the
Q50: How does a company's unethical behavior risk
Q53: How do good corporate citizens function?
A)They pursue
Q53: Which of the following is NOT a
Q56: Which of the following is NOT something
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents