Question

A CEO wants to make the argument that his company should put policies and structures in place to ensure adherence to the highest possible standard of ethics. Which of the following statements could he correctly use to make his argument? Check all that apply.
-Most consumers would prefer to buy products made by a company that demonstrates ethical behavior.
-Research has shown a correlation between organizations' commitment to ethics and profitability.
-Employees prefer to work for highly ethical organizations.

Answer 1

Answer:

the three options are valid:

• Most consumers would prefer to buy products made by a company that demonstrates ethical behavior.
• Research has shown a correlation between organizations' commitment to ethics and profitability.
• Employees prefer to work for highly ethical organizations.

Explanation:

According to Accenture Strategy’s Global Consumer Pulse Research, the vast majority of consumers care about corporate actions and ethics, i.e. what the corporation says it does compared to what it really does. Also, the vast majority of consumers  prefer to purchase products from ethical corporations. This is true not only because a research study says so, it is something logical.

Several researches have shown that higher corporate social responsibility results in higher profits. Basically the reasons for this correlation are the same ones as the previous statement's.

Employees, specially younger ones (40 years old and less) tend to be very concerned about working for ethical organizations and many are committed to improving ethical standards.

Information flows freely nowadays, and things that corporations could "hide" in the past, are made seen by millions in just a few minutes. Corporations aren't becoming ethical and green because they want to, they are doing so because consumers demand it.