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  • Essay / XIX Posicy Strategy: XX Contingency Strategy - 1335

    EthicsSome of the ethical issues facing the organization include balancing the cost reduction strategy with the health and safety of employees. Additionally, the use of current technology helps reduce costs while creating employment opportunities for local people. Notably, providing fair working conditions to employees means increased labor costs while the company always aims to keep expenses at minimal levels. Providing a non-discriminatory work environment may require costs and management training, which also means additional expenses for the company. In summary, transparency is an essential element of ethical business practices. Sincerity involves the transmission of messages, including the presentation of messages, which are not subject to distortion and which obviously correspond to the objectives of the organization and its messages. Getting caught in a lie or straying from full disclosure could cause irreparable harm to small organizations. Transparency is an ethical issue as the dissemination of information can expose business strategies to risk.