Wednesday, January 12, 2011

The Corporation, business ethics and social responsibilities


It is essential for a business to understand and apply the core fundamentals of ethics and social responsibilities. I believe that businesses have to prioritize the community first over profits because if the community is not cared for there would be no community at all to earn profits from. In today's society it is reckless for a company to have a mind set for just profits because you would have to consider how it would harm the community and environment.


A good example of a business to have a mind set of profits is the situation shown on "The Corporation" because it unveils how some businesses hire young poor children in 3rd world countries to produce products. However these products also are marketed that if the product is bought, partial payments would go towards charities. The businesses that initiate such role, put's on a mask to show their compassion for the community but in reality they are hurting the community to make profits.


Businesses can relate easily relate to players in games. If you're winning and making the viewers happy it shows that you've trained extensively to make them proud. But if you cheat in a game and get caught you get disappointed by the whole community because it shows that you have no skill and no dedication towards impressing the fans. In the end it is essential to just do the right thing which is being ethical because it makes you a better person or a better business.

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