Values and ethical standards not only must be explicitly stated but they also must be deeply ingrained into the corporate culture.True or false? Explain.

Question

Quizplus · Accepted Answer

Though usually they have been developed to purposely mold the culture and communicate the kinds of actions and behavior that are expected of all company personnel,sometimes a company's stated core values and code of ethics are cosmetic,existing mainly to impress outsiders and help create a positive company image.Strongly ingrained values and ethical standards reduce the likelihood of lapses in ethical and socially approved behavior that mar a company's public image and put its financial performance and market standing at risk.

Values and Ethical Standards Not Only Must Be Explicitly Stated