Importance of business ethics in the long-term sustainability of organizations
DOI:
https://doi.org/10.63618/omd/ssjm/v2/n2/44Keywords:
business ethics, organizational sustainability, social responsibility, transparency, corporate reputationAbstract
Business ethics is fundamental to the long-term sustainability of organizations, as it directly influences their reputation, trust, social responsibility and transparency. This study conducts a systematic review of recent literature to analyze how ethics improves corporate image, strengthens stakeholder trust, reduces reputational risks, and fosters internal and external loyalty. It also highlights that ethics guides strategic decision making towards a balance between profitability, social and environmental responsibility, promoting sustainable practices and organizational transparency. Despite the obvious benefits, cultural and structural challenges to its effective implementation are recognized. In conclusion, integrating ethics authentically into corporate management is indispensable for building sustainable competitive advantages and ensuring organizational viability in a dynamic and demanding global environment.
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Copyright (c) 2024 Pazmiño-Bone, Alex Leonel, Aguilar-Muñoz, José Antonio, Jácome-López, Felipe Santiago, Pachacama Guano, Orlando Alfredo (Autor/a)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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