The consequences of ethical lapses can be severe and far-reaching. They include:
1. Legal Repercussions: Companies can face lawsuits, fines, and other legal penalties, which can be financially crippling. 2. Damage to Reputation: Once a company is known for unethical practices, it can be challenging to rebuild trust with customers, investors, and partners. 3. Employee Morale: Ethical lapses can lead to low morale and high turnover among employees, affecting productivity and company culture. 4. Financial Losses: Unethical behavior can lead to financial losses, either through direct penalties or through a loss of business.