Generation of maximum returns for its owners and shareholders are the ultimate purpose of any business. He states that spending the owners’ money in the service of ethics is coercion and therefore wrong, while operating in a free market to increase their wealth compromises no one’s freedom and is therefore permissible. Business cannot be values-free or ethics-free simply because it is not people-free.
The company could have came out of this looking good if they took responsibility for what happened and did as much as they could within reason to help relief people of the damages that they caused. MacDonald, C. & S. Gavura, 2016, Alternative Medicine and the Ethics of Commerce”, Bioethics, 30(2): 77-84.
According to the National Labor Relations Board, that was a violation of workers’ rights: your right to complain about your boss does indeed extend to social media sites. Child, J.W. & A.M. Marcoux, 1999, Freeman and Evan: Stakeholder Theory in the Original Position”, Business Ethics Quarterly, 9(2): 207-223.
Nigel: In a business which is set up purely for generating profit for shareholders, those who decide to invest in socially concerned projects might be seen to be doing something that is actually wrong. In the case of three exam questions each question counts for one third of the points.
The concept of business ethics arose in the 1960s as companies became more aware of a rising consumer-based society that showed concerns regarding the environment, social causes and corporate responsibility. I’ve started this blog as my own attempt to study and consider the topic of business ethics.