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Ethics For Success Essay

1200 words - 5 pages

Ethics for Success

Every American loves going to the Wal-Mart, the biggest retailer in America and shopping for their family on a limited budget. But how come a company can provide the lowest price on its products and be the most profitable of all retail stores at the same time? According to a documentary called “Wal-Mart: The High Cost of Low Price” by Robert Greenwald, the company acts unjust in all aspects. The retail empire is known for being against unions and was sued for sex discrimination several times. Annual income of a Wal-Mart employee is $14.000, lower from the U.S. poverty line. When a Wal-Mart store opens in a town, small family businesses that have been around for years ...view middle of the document...

One should be good because good is, by definition, that which one should be. “(pg.1). Business ethics is about making the world a better place, and corporate greed makes this cause impossible to follow. Acting socially responsible should be for moral reasons, not for success. If these responsibilities were left to business interest, ethics wouldn’t serve the right purpose. Governments can take action in making corporations socially responsible. It is slightly different than rewarding corporates for acting ethical, because countries such as Turkey forces corporations to be socially responsible by making health insurance mandatory for each employee or bringing a handicapped person employment urgency. Hooker (2003) states that “Business ethics, however, addresses the opposite question: how can one do good by doing well?” (pg. 2) and points out that companies shouldn’t act ethical for interests only. Like the Wal-Mart example, major corporations make unbelievable amounts of money, sometimes more than a country, and they earn it by courtesy of people. Business ethics and social responsibility is about giving back to the community some of this revenue.
A company may focus on making profit and shelve other responsibilities, legally they are able to; but at our age reputation counts more than anything, therefore corporations should take other responsibilities to increase their reputation. Rewards cannot be a company’s goal to act ethical, but they can be motivations. One of these motivations is reputation. Nathan Hartman states that “Branding is about more than modern aesthetics and catchy slogans. It is about the reputation that you cultivate in your community and the market your serve. “(pg.10-11). Researches show that employees, investors and customers are more eager to prefer socially responsible corporates. One of the results of globalization is exploitation of third world countries. Cheap labor is easily found in these developing countries and companies like Apple is using third-party organizations to get access to this labor and clear itself from accusations. But another result of globalization is easily accessible media. By these media establishments and social media, people is made aware of unethical actions, therefore companies are forced to act more ethical. Fair trade is trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers and fair trade products are sold more. Organizations like PETA and WFTO help business ethics become widespread around the world by their activities. Animal testing among cosmetic companies decreased 35% in...

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