Implications of the Institutional Perspective
It shall be recalled what is meant by unethical: Practices in an industry – in the broadest sense the production and selling of goods and services – are deemed as unethical when some (or all) of the parts of society in which these firms are embedded in feel that these practices violate their moral norms and standards. If an industry or parts thereof now try to eliminate these practices “from within”, that is, by introducing policy that is solely formulated and executed by the firms themselves, when can it be expected that the industry is actually able to solve the ethical problems that it is accused of?
KeywordsInstitutional Environment Normative Belief Individual Firm Moral Conviction Unethical Practice
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