Ethical Issues Of The Business World Essay - 1385 Words

For some reason, some managers and entrepreneurs seem to think that taking the ethical route in the business world is a bad way to go because a person cannot be successful in such a â€Å"cut throat† profession. Whoever came up with the idea that this is true is lying to themselves. There are many successful companies in the world that are taking the ethical way but there are still many businesses that do not do this. Ethical behavior in the marketplace is hugely important because if a company gives off the right and meaningful message, people will put their focus towards that company and their products, because they will see that the company is there for the right moral reasons. There are a few reasons why companies want to stay ethical in the business world. One of the reasons why is because companies like to reach out to specific groups of people. Companies that try to reach out to the entire public are not as common as the ones that have a specific group of customers they are trying to reach for, but every company reaches for the same type of customer, loyal. Companies use many different techniques to reach out and get their customers but being ethically correct in the eyes of the customers is the best way to keep customers loyal. Keeping loyal customers by treating them to the customers liking and being ethically correct in their eyes, is also a way that companies last long term. Most likely every specific group has to be approached differently whether that be age, race, orShow MoreRelatedEthical Issues Within The Business World1346 Words   |  6 Pageswill be discussing what ethical issues are and how a business is affected by them. I will then move o n to discussing 3 main ethical issues within the business world and how it could be resolved. The 3 main issues which I’ll be talking about are fair trade and child labour, harassment at work place and equal pay. I believe these 3 issues can relate to businesses in every sector and not just one area. 2. What are ethical issues and how they affect a business Ethical issues are a set of rules and policiesRead MoreApple Inc. Ethical Issues1537 Words   |  7 Pagesa great brand, the world is always focused on the company. In this paper, we are mainly going to discuss Apple’s ethical success and challenges. First I will discuss how Apple’s philosophy and organizational culture have impacted how it handles ethical decisions. Secondly, I will talk about why Apple’s industry is so competitive and how this could affect the ethical risk in Apple’s operations. 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Red Bull drink incorporates ingredients like; caffeine, glucuronolactone, sucrose, B-group vitamins, glucose, and taurine. Besides, Red Bull drink is packed in aluminum cans. The company goes by the slogan â€Å"Red BullRead MoreToyota Ethical Issues Essay1239 Words   |  5 PagesCurrent Ethical Issue in Business Toyota Ethical Issue Charlie Badell, Dawn Vinaguerra, Dotlyn Robertson, Farida Biobaku, Peter Daunoy HCS 350 July 18, 2011 John Muench, MSM Current Ethical Issue in Business Ethics are moral principles of knowing right and wrong. All human action comes under the ethics of right or wrong. In the corporate world, ethics may be known as moral business principles.    As defined by Crystal  (2010),  Ã¢â‚¬Å"Business ethics is the behaviorRead MoreB2B vs B2C Legal Ethical And Regulatory Essay890 Words   |  4 PagesB2C versus B2B Legal, Ethical and Regulatory Bob Holland EBUS/400 Milind Modi April 28, 2010 B2C versus B2B Legal, Ethical and Regulatory This analysis will provide the reader with information that explains how legal, ethical and regulatory issues differ on a B2C website compared to a B2B website. The analysis will examine these different elements and will describe the differences and the similarities. Overview The primary differences of a B2C and B2B website when discussingRead MoreEthical And Ethical Challenges Of Organizations1536 Words   |  7 Pages â€Å"A major problem we identify in business is that organisations are designed as profit making mechanisms and have no interest in the good of society† (Bartlett Preston, 2000). Companies always want to have an ethical advantage over other companies but only for the profit. With globalisation and technological advances, it can put a stress on some companies as they always need profit and market share to be successful and grow. â€Å"Individual managers (tone at the top) play an essential role making sure