Business Environment, 1st Edition by Pearson

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Part IV: Business and Society

public interest, and the company’s own long-term interest and those

of all the stakeholders have all been taken into account.

Ethics within organizations is a must, as only then it can be

conveyed through the activities they perform. Ethics should

be initiated from the top management to the bottom of the

hierarchy. “Ethical behaviour starts at the top. Before a company

can expect to be viewed as ethical in the business community,

ethical behaviour within its own walls too and by employees is a

must, and top management dictates the mood. Ethical behaviour

of the leaders of an organization will inevitably set the tone for

the rest of the company-values will remain consistent. Further,

a well-communicated ...