Ethics and Profit

Summery: World business are in financial crisis because of todays most business is focused on making profit without keeping consideration of the ethical rate of customer, employees and its community. Financial firms have to come up with different thoughts, which take to be the customers, clients, partners, and focused on vast social take to be or world pull up stakes possibly face another crisis until we assertionfulness business and ethics together. Evaluation: A business lot gain profit without considering ethical norm but this give invite a treat to business in large. An various(prenominal) can be benefited in term of short-term tendency but a group will be affected, which will lead to social imbalance. Business and ethics have to be balance considering customer want, employees engagement in business and natural endowment value to social needs. Ethical norms build up on avoiding herm actions, building trust in market and develop value in honesty. Product should be represent in draw forms of communication and avoiding to herm customer trust. There is a huge issue forth of offenders make unethical conduct in their way of doing business. For guinea pig: one British manufacturer named GlaxoSmithKline use a food color agent in their Lucozade drinks which linked to hyperactive behavior in children. (Andrew Hough 2010).

When it was found by government research the company loses the trust of their customers, which also affect the similar product from other place because the customer gets confuse to buy similar product, as it is rattling critical to prove until another research of similar product. The financial firms like banks where customer trust is the key, found that are largely concern about the profit instead of putting sustainable value to its customer and shareholders, which leads to destroy the economy completely. Companies financial process is reflect of how the manager implements a treat the strategy. To develop a relating between all these value manager is the person who is trusty for finding... If you want to get a full essay, order it on our website: Orderessay

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