What are the main challenges of maintaining ethical business practices?

What are the main challenges of maintaining ethical business practices?

Some key challenges include balancing profit with social responsibility, ensuring transparency, and managing stakeholder expectations.

How can businesses ensure they are being ethical?

Businesses can implement ethical guidelines, conduct regular audits, and foster a culture of integrity among employees.

What role does corporate social responsibility play in ethical business?

Corporate social responsibility (CSR) helps businesses align their operations with societal values, enhancing their reputation and trust.

Can small businesses face the same ethical challenges as large corporations?

Yes, small businesses can face similar ethical challenges, though the scale and impact may differ.

What are some examples of unethical business practices?

Examples include false advertising, exploitation of workers, and environmental degradation.