Competiteveness and Company Motives for Pro-ethical Actions - Slovak Students’ Opinion
Urgacz Paweł
Keywords:
ethics, business, competitive advantage
Abstract:
Business ethics is regarded as a useful means to gain a competitive advantage. Failure to recognize and address ethical problems can lead to very substantial costs. Being unethical can cost a business its very life. Ethical business is good business in the long-term.
There are different motives for companies to undertake pro-ethical action. For example, It’s it is in a company’s interest, that companies’ managers are honest; stakeholders expect such actions and/or the law requires it.
This article contains the results of research concerning Slovak students’ opinions on competition between ethical and unethical companies and the motivations for deciding to undertake pro-ethical actions.
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