Ethical lapses can have serious consequences from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore
When individuals in positions of power make decisions that are ethically questionable or outright unethical, there can be significant repercussions that extend beyond just the immediate consequences. These ethical lapses can have far-reaching effects on various stakeholders, including employees, customers, shareholders, and the broader community. One of the most obvious consequences of ethical lapses is the damage they can cause to a company's reputation. In today's interconnected world where information spreads rapidly through social media and other channels, news of unethical behavior can quickly tarnish a company's brand and erode the trust of its customers. This loss of trust can have long-lasting effects on the company's bottom line, as customers may choose to take their business elsewhere. In addition to reputational damage, ethical lapses can also lead to legal and regulatory consequences. Violating ethical standards can result in fines, lawsuits, and other legal actions that can be costly ...
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