Business Ethics
- Created by: Bigboi_Butterz
- Created on: 02-04-18 16:52
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- Business Ethics
- Corporate Social responsibility
- A belief that businesses have a responsibility towards society and environment as well as their own interests
- Employees; breaks, healthcare, working enviroment
- Customers; good quality, discounts, correct advertising, refunds
- Local Community; Helping those in need, schooling, charity
- Enviroment; recycling, efficient, waste management
- 'Profit more important than principle'
- 'Window dressing'' for company desire of profit
- A belief that businesses have a responsibility towards society and environment as well as their own interests
- Whistle Blowing
- Informing the public of wrongdoing taking place in company
- e.g Edward Snowden revealing government spying
- For
- We have a right to know
- Safety of the public
- Justice needs to take place
- Safety of the public
- We have a right to know
- Against
- Breaking a contract
- Disloyal
- Could misinform
- For
- e.g Edward Snowden revealing government spying
- Informing the public of wrongdoing taking place in company
- Good Ethics is Good Business
- Good business decisions are good ethical decisions
- Good examples; John Lewis boycotting soda-stream (Israel)
- Bad examples; Ford Pinto, possibly hurting others for profit
- Out sourcing (Not helpful, efficient). Street shops (cheaper, not ethical), Green energy (Helpful for everyone)
- Globalisation
- 'Integration of markets, strategies and business across the world'
- e.g Mcdonalds, Nike, BP, Shell
- For
- Helps LEDC's
- Increases profit
- More efficient and cheaper products
- Against
- Could effect local industry negatively
- Exploits LEDC's for natural resources, pays low wages
- Loss of individuality and culture
- Puts small business out of business
- 'Integration of markets, strategies and business across the world'
- Kantian Ethics
- Utilitarianism
- Pleasure over pain, could allow cheap products if workers are not harmed
- Could allow enviromental damage
- Rule vs act utilitarianism
- Corporate Social responsibility
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