Business ethics 0.0 / 5 ? Business StudiesHuman resource strategiesA2/A-levelEdexcel Created by: chloe mary bennettCreated on: 01-04-21 12:06 What do Business Ethic policy's allow ? Monitoring of targets and of potential impacts on a business 1 of 8 What positive impact does business ethics have on their staff? help to retain staff due to current staff valuing the business that pursue to act ethically 2 of 8 What positive impact does business ethics have on risk? Reduces risk 3 of 8 How do business ethics help to reduce risk ? deduces possibility of incidents and compensation claims by operating with & above the law 4 of 8 What do business ethics do to a brands image ? Improve corporate image as consumers adopt ethical policies positively 5 of 8 What does monitoring of targets allow ? Impact issues can be identified and solutions can be sought after before it damages the business financially or reputation 6 of 8 What does a business acting ethically do to the workload? Implication & compliance increases the workload Management and employees 7 of 8 How does a business acting ethically Impact costs? Set up & implements both to comply and go above law is expensive 8 of 8
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