A factor which has been a major reason for heightened interest in business ethics is corporate collapses. The phrase "corporate failure" refers to a corporation ceasing operations due to an inability to generate enough profit or revenue to cover operating costs. It occurs as a result of lousy management, incapacity, and misguided marketing tactics.
Corporate failure can be defined as an organization's inability to conform to its strategic route of growth and development in order to meet its economic and financial goals as well as its legal duties. Ineffective corporate governance can result in problems including fraud, negligence, corruption interest, and a lack of responsibility.
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