Overall, it is important to find the right balance between ethics and profit because the business has long-term interests of acting ethically.
Posts published in “BUSINESS ENVIRONMENT”
When it comes to buying products, I take ethics and business ethics very seriously into consideration.
Although business ethics is not always enforced by law, it has a vital role to play in business decision-making.
Similar to economic decisions and political decisions, the legal issues also have a huge impact upon the regulation of markets, businesses and customers.
The politics and regulations of businesses have tremendous influence on firms, customers and competitiveness on the market.
A business is sustainable when it contributes towards the economic growth of the country making profits while obeying the law, being ethical and environmentally friendly.
Some businesses are more environmentally friendly than other businesses.
Pressure groups are organizations created by people with a common interest, who join together to put pressure in order to change something.
Governments use different kinds of measures to limit the negative effects of business activity on the natural environment.
An environmental audit evaluates the impact of business’s activities on the natural environment.
Natural environment brings both opportunities and threats to businesses.
This article introduces The STEEPLE Analysis – Economic Opportunities and Threats: Inflation, Employment, Economic Growth and International Trade Balance.
It is worth noting that the potential opportunities for technological applications in a business are increasing almost daily.
Technology is introduced to businesses mainly in the form of machinery and processes involving information technology (IT).
Technology means the practical application of scientific knowledge into the aims of human in order to change the human environment.
The society has a huge influence upon businesses and markets, especially on business strategy and change management.