Asked by Endra Butler on Jun 29, 2024
Verified
The vast majority of successful entrepreneurs believe that high ethical standards and integrity are exceptionally important to long-term success.
Ethical Standards
Principles that guide behavior in terms of what is considered right and wrong, aiming to ensure fairness, integrity, and respect in various contexts.
Integrity
The quality of being honest and having strong moral principles, considered foundational to trustworthiness and ethical behavior in personal and professional contexts.
- Recognize the significance of ethical standards and integrity for long-term business success.
Verified Answer
SG
Sallie GriffinJun 30, 2024
Final Answer :
True
Explanation :
Many successful entrepreneurs recognize that ethical behavior and integrity contribute to building trust and lasting relationships with customers, investors, and employees. By embracing ethical principles and conducting their business affairs with integrity, entrepreneurs can establish a positive reputation and enhance their organizational culture, which can translate into sustainable success over time.
Learning Objectives
- Recognize the significance of ethical standards and integrity for long-term business success.
Related questions
Companies Need to Be Ethical to Succeed in the Long ...
According to a Survey by Economist Magazine, a Sound Ethical ...
Product/service Quality Has Become a Driving Force in All Organizations ...
Identifying and Eliminating Causes of Quality Problems Is the Emphasis ...
Drug Abuse Is the Number One Ethical Problem in the ...