a firm’s attempt to apply sound ethical principles should,

Ethical standards are an extremely important part of any business. In order to be a profitable company, you need to have consumers that trust what you’re selling and feel like their values align with your product. The problem is, many companies don’t take the time or effort to create sound ethical principles; instead they just slap on some superficial ethics. This leaves them vulnerable in today’s fast-paced world where people are constantly demanding more from businesses. In this blog post we will discuss how to apply sound ethical principles, so that your company can remain competitive while still retaining respect for customers and other stakeholders. The first step in applying sound ethical principles is to have a set of values that are clear and concise. If these core values don’t exist, you can’t really expect employees to always act ethically or make decisions about which company practices should be implemented in the future. When your organization has clearly defined ethics standards, it becomes much easier for everyone involved- from management down to the newest hire-to know what they need to do at any given moment. Once your firm has decided on some foundational values, there are several ways you can apply them into day-to-day operations: · You could require all new hires take an oath before beginning work with legal obligations that ensure they follow certain ethical guidelines as part