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Rwt1 Business Ethics

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Submitted By cpljamie
Words 3461
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Business Ethics and Efficiency
RWT1

Table of Contents
Executive Summary 3
Subject and Purpose 3
Introduction 5
Discussion 5
Ethics and Economic Efficiency 6
Organization Goodwill and Competitive Advantage 7
Risk Management and Credit Facility 9
Recommendation 9
Conclusion 10
References 12

Executive Summary
Due to increased globalization and competition in industry, organizations are facing tough challenges in the keeping their business operations sustainable and ethical so that they continue to grow and develop in a successful manner. When we talk about driving the organization towards success it is not any different from steering a car or vehicle in the right direction towards the required destination. That is why roadmaps and directions are developed and changed constantly so that the organizations and management are able to keep their business current and follow the latest trends and requirements as demanded by the external environmental factors that are constantly changing. It is extremely important that on its way to growth and improvement, the organizational management must look out for any new developments like technological advancement, globalization, new regulations, and laws or policies with regards to their business industry in order to maintain the performance and reputation of the business. On their way towards growth many leaders and management often ignore and forget the importance of business ethics and corporate social responsibility. These can play an important role in maintaining and improving the image and reputation of the organization in the eyes of stakeholders and customers whose satisfaction is of the utmost importance for a company’s success. The road to success today not only requires technical skills, information and experience but also depends upon business ethics. Business ethics plays an

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