Business Ethics

Brief Introduction: Organizations are expected to conduct their business operations ethically. This will ensure their lifetime success as well as their improved and sustained profitability. However, it is purported that businesses in Jamaica do not incorporate ethical practices in their business operations because the operators think that it is too costly.

Question

How much truth is in the statement that businesses in Jamaica do not incorporate ethical practices in their business operations? Give a thorough explanation.

Note: Include information on the strategic corporate social responsibility (CSR) policies in your explanation.