Challenges in the Business Environment
Most businesses are conducted within the bounds of law but most important ethical considerations. The sustainability of any business or corporate depends on its approach to ethical issues. Ethical considerations related to the impact of business operations on the environment, society practices, compliance with regulatory agencies, taxation requirements, and employee welfare. However, over the past years, the ethical responsibility has expanded beyond the operations of any corporation to the mandate of its suppliers. Companies have the values and beliefs that they hold dear. These values are the basic frameworks upon which a company’s rules are founded on.