What Advantages do Business Practices Programs Provide to Organizations?
Business leaders increasingly recognize the direct relationship between
fulfilling a company’s responsibilities and corporate survival.
An effective business practices program ensures:
A Marketplace Advantage: Customers and investors
cite corporate practices and values as primary considerations in their
decision-making.
Superior Employee Performance: Companies with sound
business practices and established values report improved employee
morale, reduced employee turnover and increased productivity.
Reputation Management: Once damaged by scandal or
unethical behavior, a company’s reputation may never recover
- resulting in lost revenue, low employee morale and increased governmental
and public scrutiny. Emphasizing responsible business conduct is the
surest means of preserving a company’s intangible assets.
Powerful Legal and Financial Incentives: International
regulatory developments provide strong legal and financial incentives
to corporations that establish standards of conduct and provide ethics
education and training to employees.
