Author: Amit M. Joshi
Publisher: IMB Business School
Publication Year: 2020
Summary: The following article describes how commonly there is a false dichotomy surrounding losing out on profits vs. adhereing to ethics. IMD argues this is a false dichotomy as adhering to ethical standards is profitable for a business’s reputation and business. Due to a global patchwork of regulations where it may be more profitable to change the line of ethics based on region, IMD recomends a consistent approach when it comes to ethics.