Business ethics is a multifaceted field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within the management of businesses. It does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are confronted with all the time. Business ethics not only portray to humans, but also to how businesses treat the environment.
My father stated to me that the enterprise in which he is engaged in, and the products or services that they market, should serve an inherently ethical purpose and that a companies primary ethical responsibilities are defined by the nature of their objectives and also of the relations when formulating their company's ethical standards. This usually requires statements of corporate responsibilities. Most of the codes describe the company's commitment toward certain groups rather than prescribing ethical conduct for specific situations. His responsibility is not only to our stockholders, but also to our clients, the other employees and their families, our local community residents, and all of society at large. Our profit comes about through our effort to promote the prosperity of the community as a whole.
Does your company take advantage of clients, due to the fact that they have money?
In some ways they do for the fact that we will quote a price to have the complete seal designed and manufactured to a client. The actual cost and materials it takes to make the seals is a lot less than they are charging. I mean that one rubber mold can make two seals and yet we charge them for one seal and then use the excess to make more seals for other clients, making it no cost to us. They know they are still getting the best price, but the more I look at it, the way we do things makes it more expensive for me and you to purchase a car.
Are your major stockholders informed of major problems in the company?
In the past there has been times where we have not informed out stockholders and let the problem blow over as to not cause a rapid sell of the company stock. If the problem would of continued many people could of risked losing a fortune, so in fact that was unethical, I myself was worried for my company stock investments. By keeping you stockholders and employees in the dark you could run the risk of problems like Enron is having.
Does ?? stay on top of handling customer service or does it put issues aside like other companies?
This is one item I can say is always handled professionally. The Japanese are very strict when it comes to keeping the customer happy and will do almost...