Unethical Business Practices That Exist Within Society Shape The Future Of Business Practice

828 Words Oct 11th, 2016 4 Pages
Unethical Business Practices The business practices that exist within society shape the future of business practices. The professional organizations established to regulate these industries meet significant challenges. The unethical business practices that are prevalent within society reflect the individuals in the market place. These corrupt business practices impact the individuals, businesses, and consumers in the business market.
Business Standard Impacts The incorporation of corporate governance techniques continues as a primary source to improve the internal and external influences of an organization (Capriglione & Casalino, 2014, p. 17). First, there are several different concepts that have developed the structure within business organizations that desire to govern the business (p. 17). For example, the ability to have an equitable system that reflects the requirements of economic and social strategy that meet the individual and societal requirements (p. 17). Next, this system allows for regulation through clarity, liability, and impartiality within the organizational structure of a business (p. 17). Furthermore, in the primary interest of the shareholder, this can provide oversight for the key personal of an organization such as management (p. 17). The ability to provide regulation and oversight within an organization is an important concept within the confines of business ethics (p. 18). First, there can be adverse effects in an organization that is…

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