SME business responsibility study launched
The personal values of the owner/manager are a key factor in affecting leadership and engagement with responsible business practice in small to medium enterprises (SMEs), according to a study by the St James Ethics Centre.
It is one of a number of key findings to emerge from the first stage of a national research project by the centre into responsible business practice in SMEs.
Another finding was that government and industry should engage in leadership initiatives that will guide, support and encourage responsible business practice in SMEs, and not force it upon SMEs
It also found that responsible business practice should not be thought of as an additional burden, but a core part of a SME’s daily operations.
The study was commissioned by the Federal Treasury to promote responsible business practice.
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