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Under what circumstances would competitive pressures lead to higher ethical standards in a corporation?

Under what circumstances would competitive pressures lead to higher ethical standards in a corporation?

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Answer #1

In a corporation, Competitive pressure leads to two direction one is in direction of corruption or the breach of the ethical standards and second is in the good direction when corporation will focus on how to increase the profit, it's efficiency and effectiveness etc which lead to grow business.

Second direction is the correct circumstance which will lead to higher ethical standards because when company will focus on their efficiency and about the growth , business will construct the policies for the new technology's which will lead to higher ethical standards.

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