Why I do not believe in busiess ethics? (via Abqur)

On By southwerkIn business ethics

No.

We can expect companies to do other than exist to make profit.

There is no religion and no moral philosophy with Milton Friedman’s dicta that corporations exist only to maximize profit anymore than we exist to maximize our bank account or our stock portfolio.

We can expect companies to act morally, to act against monetary self interest and, yes, to give up competitiveness to do what is right.

I do believe in business ethics.

James Pilant

The issue of business ethics has been a much discussed issue in the business world, and the term “socially responsable” has been very much a prize that many firms seek to achieve under the expectation that it will increase sales, though most cases showed that they do not necessarily lead to this result. In my opinion its pointless and it should not be a company’s goal to be socially responsible. Its not that I want companies to run rampant and di … Read More

via Abqur

One thought on “Why I do not believe in busiess ethics? (via Abqur)”

  1. Andrew's avatar Andrew

    “There is no religion and no moral philosophy with Milton Friedman’s dicta that corporations exist only to maximize profit anymore than we exist to maximize our bank account or our stock portfolio”

    Except that a corporation is not a person. It is an organization designed and built around the sole idea of delivering a product or service to make a profit. Its business. If its not competitve, then it will die. How socially responsible is it for a company to allow itself to go under and risk the livlihoods of its employees just for the sake of doing whats “socially responsible”? Self interest creates jobs. Entrepreneurs, in the search for greater profits, will build bigger manufacturing plants, bigger offices, bigger everything. That creates jobs. How is that inconsistant with being “socially responsible”?

    I dont understand the bipolar nature of this country sometimes. People expect for a corporation to act morally in the same way you’d expect a person to act morally, yet the very same people freak out when corporations are given rights the same as a person would (i.e. campaign contributions).

    Like

Comments are closed.