Answer:
The dominant business ethic in corporate communications that involves sharing all relevant information and decision rationale with stakeholders is 'Transparency'.
Business transparency is the process of being open, honest, and straightforward about various company operations. Transparent companies share information relating to performance, small business revenue, internal processes, sourcing, pricing, and business values.
Explanation:
<h3>What are the two main reasons why business ethics are important?</h3>
Ans: The two main reasons why business ethics are important are the following:-
- Business ethics is an essential skill: Nowadays, almost all businesses run corporate ethics programs. That's partly because digital communication and technology have made it simpler to recognize and publicize ethical blunders. Companies are investing more in corporate ethics in order to avoid the consequences. For instance, in a survey of accountants, 55% said that they thought the relevance of corporate ethics will increase during the following three years.
- Business ethics drives employee behavior: Employees are more likely to use ethical reasoning when their organization makes it obvious why business ethics are important, according to the 2018 Global Business Ethics survey. Ninety-nine percent of American workers who work in environments with a strong ethics culture indicated they are equipped to deal with ethical dilemmas. Businesses that support business ethics encourage their personnel to carry out their responsibilities with integrity.
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