Ethical And Unethical Business Practices Essay

Ethical And Unethical Business Practices Essay

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The concept of business ethics refers to a set of guiding principles that encourage individuals in an organization to make decisions based on the company’s stated beliefs and attitudes toward business practices within its industry(Lisa McQuerrey., 2016) . Ethical and Unethical business decisions have long been a predicament encountered by organisations, these practices are concerned with how the companies interact with the global business world, and to their one-on-one dealings with individuals(Garry Crystal,. 2016.) The concept of ethics and social responsibility emerged into the business world in the early 1970s after the end of World War I saw these organisations become more profit driven resulting in negative impacts on society at large. This essay will discuss the major concerns surrounding social responsibility, fair labor practices and environmental stewardships that are becoming increasingly common in the business world as seen by actions conducted by Nestle and their misleading marketing campaigns, Anglo America commitment to environmental sustainability and and Apples association with Foxconn unfair work practices. The arguments supported by these cases allow for the evaluation to be made that in order for a company to survive in today’s competitive market, it is believe that a certain degree of unethical behavior is acceptable.

Ethics of multinational-corporations involve actions that are of a moral standard within society. Due to news reporting and social media, it was become known to the public that activities corporations are engaged in, although do not break the law, may not meet the required ethical standard of society. This is often the case because, many businesses tend to place a higher emphasis on maximizing ...


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... year. Apple’s code of conduct states; ‘Apple suppliers are required to provide safe working conditions, treat workers with dignity and respect, act fairly and ethically, and use environmental responsible practices where ever they make products or perform services to Apple’(Apple Inc. 2014). Apple continues its business with Foxconn despite the fact that such behavior from both companies may be seen as unethical. Ignoring an ethically wrong situation for the sake of profits only encourages this inhuman treatment of workers. Although Apple have tried to stick to the culture by conducting investigations into the treatment of Foxconn workers, the unethical conditions by which they suppliers are enforcing has been overlooked in order to maintain the cost efficiencies and economies of scale provided by Foxconn in order to remain competitive in the market (Karlgaard. A13).

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Ethical And Unethical Business Practices Essay

- The concept of business ethics refers to a set of guiding principles that encourage individuals in an organization to make decisions based on the company’s stated beliefs and attitudes toward business practices within its industry (Lisa McQuerrey., 2016). Ethical and Unethical business decisions have long been a predicament encountered by organisations, these practices are concerned with how the companies interact with the global business world, and to their one-on-one dealings with individuals (Garry Crystal, 2016.) The concept of ethics and social responsibility emerged into the business world in the early 1970s after the end of World War I, saw these organisations become more profit dri...   [tags: Ethics, Business ethics, Morality, Applied ethics]

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