Why it pays to be ethical

Abstract

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Consumers are becoming increasingly concerned about the world they inhabit. One major consequence is that the onus on business organizations to operate in a socially responsible manner has never been greater. Yet, many operators still regard ethical behavior and business accomplishments as mutually exclusive. Profit rules the roost, and focus is firmly on making short-term gains. Unscrupulous practices come packaged with a heavy price though. Any exposure of questionable actions invariably means a lengthy uphill battle to restore tarnished reputations. Is such a risk really worthwhile? Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.