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Ethical Issues Paper

1603 Words7 Pages

Ethical issues is defined as a situation that requires an organization to deal with what is right or wrong and also based on responsibilities people should behave (ethical issue, 2016). Proper ethical practice is a decent organizational culture that businesses should adopt. Through this practice, an organization can empower its brand to develop great relationships and reach high levels of trust with its clients towards its products and services. In addition, an appropriate moral and legitimate establishment can empower to help entrepreneurial firms from prosecution issues, for example, protected innovation, moral guidelines, managing providers of products and services. (Andrea Hayley, 2016) Establish a Strong Ethical Culture While our business is fairly new, we need to establish a strong ethical culture among the organizational management team. Firstly, the team needs to be led by an inspiring role model who has a strong sense of ethical behaviour to influence the whole team to establish a strong ethical culture. The management team must manage the company with a unique style that focuses on transparency …show more content…

Be that as it may, the partners must be ready to acknowledge conceivably unequal commitments of time and assets, completely believe the business judgment of each other partner, and go out on a limb of being completely and by and by in charge of the business' obligations and liabilities. Forming a general partnership is as simple as filing a form with the Clerk of the Circuit Court in which the business will be located and paying a relatively small fee. After registering the business name, the partners need to draft and sign a partnership agreement that state out all the terms under which the partnership will operate. Partnership agreements, though not legally required, are highly encouraged and are discussed more fully

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