Efficiency and competitiveness through corporate ethical commitment

Abstract

Both corporate ethics and labor relations in any organization are determining factors for the internal and external progress of all stakeholders, as well as the organization’s productivity and consequent profitability and efficiency. However, corporate ethics is an important area in business practices, since high standards of corporate ethics can contribute to profitability by reducing the cost of business transactions, creating a basis of trust with stakeholders, contributing to a successful internal teamwork environment and maintaining the social capital that is part of an organization’s market image. Therefore, it is necessary to implement corporate ethical commitment as a fundamental axis to increase the levels of efficiency, loyalty, competitiveness and quality. Therefore, it is necessary to establish ethical structures, processes and performance measures in organizations, however, it is denoted that these ethical frameworks in the field of organizational chain management are still of a general nature, where specific details on how to manage, monitor and evaluate corporate ethical issues are not provided. Therefore, the present study seeks to analyze how, through corporate ethical commitment, the levels of efficiency and competitiveness in the organization are increased.