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Business Ethics
Essay one
Globalisations integration and its effects on developing countries. ... Since then Shell has rewritten its business ethics, creating complex system to implement them and working harder to improve its relations with NGOs. ... These include the structure of business activities, environmental performance and product portfolio and business dealings with developing countries since multinationals have great influence on socio-economic conditions in their countries. Unfortunately some of the firms get negative publicity because they are perceived as bad industries and not getting positive publicity even though they have effective corporate business ethics. ... It has been proven that in the long run ‘ethics pays’ and there is little evidence that ethics will have influence on firms wealth.
Recent research done by OECD (1999) found little evidence that multinational organizations place their factories on purpose in the countries with week social policies in order to take greater advantage of their business environment, for most large corporations the good context for doing business, is one where democracy and the rule of law provide economic and social stability. This could be explained that business could not function in the long term in an environment with poor ethical constraints. If fraud and dishonesty would be the norm rather than the exception in business dealings, then those dealings would eventually become impossible to continue and for most of businesses that would not be worth in engaging. ... However Friedman (1970) argues that business social responsibility has to be in the shareholders long-term interests, which in other words is to get as much money as possible for their shares and by taking on social responsibilities there can only be financial loss, due to the fact that someone must pay for it, either shareholders or customers, by paying higher prices. ... Then again we could say that business people are not specialists to decide on social needs and priorities for the reason that when they decide to impose their preferences, that this can have bad consequences on society in whole. ... By doing this developing countries fear that quality products at cheaper rates will make their fragile industries go out of business. ... Therefore it could be said that commercial self-interest for multinational firms can extend beyond the common good that ‘good business’ not always follow ‘good ethics’. ... Many aspects of our system have not caught up with our social needs and not many organizations and managers faced up to the social responsibilities of business. ... Business is part of our society and ethics has place in business as in any other part of social life [De George, 1978].
Bibliography and references
Chryssides, G and Kaler, J (1995) An introduction to Business Ethics, London: Chapman & Hall
Freeman, R (1984) Strategic Management: a stakeholder approach, Marshfield: Pitman. ...
De George, R (1978) Ethics, free enterprise and Public policy, Oxford: Oxford University Press.
Approximate Word count = 2423
Approximate Pages = 9.7
(250 words per page double spaced)
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