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What Are The Disadvantages Of Business Ethics?

Answer»

Business ETHICS reduce a company's freedom to maximize its profit.

For EXAMPLE, a multinational company may move its manufacturing facility to a developing country to reduce costs. Practices acceptable in that country, such as child labor, POOR health and safety, poverty-level wages and COERCED employment, will not be tolerated by an ethical company. Improvements in working conditions, such as a living WAGE and minimum health and safety standard,s reduce the level of cost-savings that the company generates. However, it could be argued that the restrictions on company freedom benefit wider society.

Business ethics reduce a company's freedom to maximize its profit.

For example, a multinational company may move its manufacturing facility to a developing country to reduce costs. Practices acceptable in that country, such as child labor, poor health and safety, poverty-level wages and coerced employment, will not be tolerated by an ethical company. Improvements in working conditions, such as a living wage and minimum health and safety standard,s reduce the level of cost-savings that the company generates. However, it could be argued that the restrictions on company freedom benefit wider society.



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