Ehical perspective of business Assignment Example | Topics and Well Written Essays - 1000 words

Ehical perspective of business - Assignment Example Business and individuals therefore when left on its will do whatever it takes to make a profit. It can only be mitigated by introducing ethics to temper its greed and have a sense of responsibility. Unethical practices are just very common particularly in business. Even us, as consumers are part of it without even knowing it. Once classic example is our participation and our encouragement for sweatshops to flourish by our patronage to their products. They employ bondage and child labor with despicable working conditions and they continue to exist because of us. And just when we thought that big businesses are not involved in employing sweatshops, we are very wrong because they are. Worst, they will even distance themselves and deny it when they are caught. I can cite the example of Swedish fast-fashion retailer  Hennes & Mauritz who subcontracted to a sweat shop in Cambodia whose building collapsed that killed many of its workers. Instead of being remorseful, Hennes & Mauritz instead denied approval of their orders to the factory to distance itself from the issue (O’Keeffe and Narin). Another company involved is Asics, a Japanese sneaker company. Asics however took a different approach and instead said that it will conduct an investigation to mitigate public anger of being a party to employing sweatshops (Cheang). These cases illustrate that business is indeed amoral that put ethics in business may seem to be an oxymoron because they contradict each other (Crane and Matten, 2006). This would not have happened without our participation and part of the equation of the blame is on us because we patronize and even seek products that are made from sweatshops. Actions which may be considered unethical such as deception and use of sweatshops may even become permissible as long they can become profitable. And if they are exposed, they will readily deny involvement