Topic > XIX Position 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. Furthermore, the use of current technology reduces costs and at the same time creates job opportunities for locals. In particular, providing fair working conditions to employees means higher labor costs, while the company still aims to keep expenses at minimal levels. Providing a non-discriminatory work environment may require costs and management training, which also results in additional expenses for the company. In summary, transparency is a fundamental component of ethical business practices. Sincerity involves conveying messages, including message presentation, that are not open to distortion and that obviously speak to the goals of the organization and its messages. Being led into a lie or staying away from full disclosure could cause irreparable damage to small organizations. Transparency is an ethical issue since the release of information could expose company strategies