Gone are the days of the questionable handling of ethical issues in business. The last 15-ish years, with the financial crisis of 2008/2009, the Enron scandal and many other very public stories of businesses crossing ethical lines has shown that both emp...
Businesses are expected to be socially responsible as well as profitable. A company has accountability to a wide range ofstakeholders, not just shareholders. There maybe a conflict of interest between corporate social responsibility and maximisingshareholderwealth; However, the two goals need not conflic...
Businesses are expected to be socially responsible as well as profitable. A company has accountability to a wide range of stakeholders, not just shareholders. There maybe a conflict of interest between corporate social responsibility and maximising shareholder wealth; However, the two goals need not c...
Employee Behavior From large corporations to small businesses‚ individuals involved in all types of business often face ethical issues stemming from employee behavior. For example‚ whether an employee can spend work time checking personal email accounts‚ how a manager deals with claims...
It is simply another business, or set of businesses, within the market economy. As such, its function is economic; it exists to make profits, provide jobs, and satisfy consumer demand. As a public sector industry funded by government, it also has an economic function: It employs workers ...
Regulatory Sandbox:It is a safe harbour, where businesses can test innovative products under relaxed regulatory conditions. It was in the news as the Insurance Regulatory and Development Authority of India (IRDAI) will soon allow the use of regulatory sandbox (RS) to promote new, innovative produ...
Social norms and the efforts of businesses to persuade us that we need or want certain products, which can contribute to unnecessary aspirational consumption, like buying things to look cool or for people to think you are successful. The problem with sensual pleasures is something called the Hedon...
shock can be used here as a direct result of globalization. The reason for this is foreign food preparers open businesses in America‚ only to be forced into changing their way of cooking to appease the American pallet. If you go to China and sample their native food‚ it is nothing ...
Workplace giving isn’t just about writing checks; it’s a strategic type of partnership between businesses and nonprofits to transform communities. Fortunately,the world of workplace givingis ripe with opportunities for organizations to join forces and address societal challenges with creativity and de...
To keep pace with rapid change, enterprises need a proactive approach to risk and regulatory compliance. They need to recognize new or emerging risks and respond quickly to regulatory change in order to protect and secure the business. Many businesses' approach to governance, risk and compliance ...