🙆♀️ To maintain a good reputation, businesses need to focus on ethics.
This means treating employees well, respecting the environment, and being fair in pricing and how they treat customers.
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🙌 Business ethics help ensure a good reputation for your company. Not only does it feel good to be part of a company with a great reputation, but it’s great for business.
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🔔 Businesses that are transparent, fair, and responsible often have a positive reputation, which can lead to increased customer loyalty and trust.
This can give them a competitive advantage in the marketplace.
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💁♀️ Employees are more likely to meet the organisation's ethical standards when they see that employees are both rewarded for ethical actions and reprimanded for unethical actions.
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📌 Make ethics a habit. When ethics are ingrained within the very foundation of an organisation, ethical actions become standard operating procedure.
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💁♂️ Companies with the strongest ethical cultures outperform—by approximately 40%—across all measures of business performance.
Source: LRN Benchmark of Ethical Culture
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👔 With more attention on how businesses operate, it's crucial for companies to do things properly. Ethics programs are great for encouraging good behavior.
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