Question

Which of the following are major drivers of unethical strategies and business behavior?

1) Lack of ethical leadership
2) Pressure to meet financial targets
3) Lack of consequences for unethical behavior
4) Competition in the market
5) All of the above

Answer 1

The major drivers of unethical strategies and business behavior include lack of ethical leadership, pressure to meet financial targets, lack of consequences for unethical behavior, and competition in the market.

Step-by-step explanation:

The major drivers of unethical strategies and business behavior include:

1. Lack of ethical leadership: When leaders do not prioritize ethical behavior, it can lead to a culture of unethical practices within the organization.
2. Pressure to meet financial targets: When businesses are solely focused on meeting financial goals, they may engage in unethical behavior to achieve those targets.
3. Lack of consequences for unethical behavior: If there are no repercussions for unethical actions, employees may be more inclined to engage in unethical behavior.
4. Competition in the market: The intense competition in the market can create an environment where businesses resort to unethical practices to gain a competitive advantage.

Therefore, option 5) All of the above are major drivers of unethical strategies and business behavior.