Meaning ● Ethical Business Models, specifically within the SMB context, involve structuring business operations to prioritize social and environmental responsibility alongside profit. The significance for SMB growth stems from enhancing brand reputation, attracting ethically conscious customers, and potentially securing investment from socially responsible investors. ● Automation plays a role by optimizing resource utilization and supply chain transparency, leading to cost savings and reduced environmental impact. ● Implementation often involves integrating ethical considerations into every business function, from sourcing and production to marketing and customer service, demonstrating a tangible commitment to values beyond shareholder value. It requires a careful evaluation of all stakeholders involved: employees, vendors and environment.
