ENTREPRENEURSHIP

Detailed explanation-1: -Successful entrepreneurs and the companies they represent will take pride in their enterprise if they engage in business with transparency, intentionality, and integrity. To treat customers, clients, employees, and all those affected by a venture with dignity and respect is ethical.

Detailed explanation-2: -The concept of « Ethical Risk » refers to unexpected negative consequences of unethical actions. A proper training about ethical risks allows the identification, mitigation and transformation of ethical risks, improving organizational efficiency and developing organizational identity.

Detailed explanation-3: -Research from the University of Notre Dame finds that ethical business operations are highly important to success, while unethical behavior can negatively impact a business’s prospects. Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage.

Detailed explanation-4: -Business Ethics is a code of conduct which society should follow while conducting their social activities.