Journal of Hotel and Business Management
Open Access

Abstract

Sustaining Success: An Empirical Exploration of Ethical Practices and Organizational Longevity

K. V. N. Lakshmi, Usha Ranganayaki and Geetanjali Srinivas*

A spectrum of behaviors and policies governed by the principles of integrity, impartiality and accountability constitute ethical practices within an organizational framework. A fundamental component of an organization's ethical framework is the incorporation and consistent application of ethical standards in all aspects of its operations, including employee relations, consumer interactions, decision-making and community involvement. The significance of ethical practices has been further underscored by the globalization of business. Organizations that operate in locations with varying cultural and regulatory environments encounter the difficulty of navigating the ethical nuances that are specific to each setting. By embracing an all-encompassing viewpoint, this research attempts to reveal the ways in which cultural sensitivity and ethical adaptability bolster the resilience of organizations in an era of globalization. To analyze the responses of the participants, multiple response analysis, regression analysis and the Analysis of Variance (ANOVA) test were implemented. The significant impact of investor intentions regarding company accountability is further validated by the quantitative results, underscoring the critical importance of ethical considerations in shaping investment choices.

Published Date: 2024-11-20; Received Date: 2024-09-09