Business Ethics

By negative criticism received in the onetime(prenominal) on companies un good behaviour organizations nourish begun to see as part of their mission, to raise standards, not just within the friendship but also in the countries where they work. However Friedman (1970) advocates that business kind responsibility has to be in the sh beholders long-term interests, which in opposite words is to get as much money as possible for their shares and by taking on social responsibilities thither can only be financial loss, due to the detail that someone must pay for it, either shareholders or customers, by paying higher prices. This argument is supported by smith (1776) that common good is best served by people engage their own interests rather by the doing good, which social responsibilities require. Still we could argue that what shareholders privation is not in their best interests and is that really lawful what they want? Chryssides (1995) argues that shareholders interests could be best served by living in a society, which has desir sufficient social ends like reduction of unemployment, contaminant and discrimination even though it means reduction in their profits.

Then again we could say that business people are not specialists to decide on social needs and priorities for the cerebrate that when they decide to impose their preferences, that this can have bad consequences on society in whole. Unfortunately this is happening to the extent that multinational companies have been able to finance elections and have their candidates elected, they have been able to penetrate very powerfully into the Western political system. As a result economic globalisation is criticised in that it lacks an ethical framework and political control to ensure that economic effect is subordinated to essential human and social needs, because of this many of the developing countries have shown negative effects and attitude towards globalisation for example sizable countries want the developing countries to open up their markets by lowering... If you want to get a full essay, order it on our website: Orderessay

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