Business Ethics
- Created by: _bella_
- Created on: 10-03-19 14:19
View mindmap
- Key ideas of Business Ethics
- Corporate Social Responsibilty
- The social responsibility of a business is to increase profits is a controversial view held by Friedman
- Friedman- "The purpose of business is to make me money and increase stockholder value"
- Believed social responsibility shouldn't be forced by gov.
- "Stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud
- Whistle-blowing
- Danger of loss of job
- Erin Brockovich + pacific gas
- A chemical had leaked into the water in surrounding areas, causing cancer in some cases.
- person who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization that is either private or public
- Lack of trust from employer/ future employer
- Is good ethics good business?
- Ford- business that makes nothing but money is a poor business
- Alternatives to Friedman's Theory
- 3 main focuses of a company promoting CSR
- The Environment
- Being more green- despite the higher costs
- The community
- Participating in local charities and benefits
- Take into consideration the effect on local economic + social patterns
- Their employees
- If companies show their employees that they care about them the employees will care more about the company
- The Environment
- 3 main focuses of a company promoting CSR
- Globalisation
- Money can be moved easily
- Transport is cheaper + faster
- Faster communications
- Consumer tastes have changed
- Deregulation- increase in privatisation, so businesses can move to different countries for cheape rlabour
- Free Trade
- Corporate Social Responsibilty
Comments
No comments have yet been made