Ways Small and Medium Businesses Suffer from Ethical Lapses of Larger Firms

Ethical scandals in business reach the front pages of newspapers quite regularly. Wells Fargo, Volkswagen, Toshiba, and Takata are some of the corporations involved in recent ethical scandals. While not all businesses or industries are to blame for the actions of these bad actors, perhaps questionable practices and negative press taint all businesses in the eyes of consumers and stakeholders.

Consider answering all the below questions:

(1)what ways do small and medium businesses suffer from the ethical lapses of larger firms?

(2) What about the social environment allows for ethical lapses?

(3)How could the environment be changed to curb ethical issues?

(4) Are there ways in which Saudi Vision 2030 addresses these issues? Why or why not? Post your comments with a rationale or an example.

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Directions

1- support your statements with two academic resources, and citing all sources referenced.

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