Doing Well By Doing Good - 871 Words

In the article â€Å"Doing well by doing good†, the words ‘business† and â€Å"ethics† has been pointed out that they can’t come together. Companies wondered where do ethics go and it has been widely wrath despite being taught in school. Ethics has been the custom yet uncertain. There are protesters in Washington, DC who were criticizing the immorality of a company including the IMF. Most people reacted that companies shouldn’t be in the business ethics at one’s convenience but should be concerned of their social responsibilities, morals and environment. The leader of market economics, Milton Friedman, stated that to increase the profits, the company has to use its resources and has to engage in activities. Companies with extensive responsibilities even argue about the system in pursuing social responsibility of business. According to Ulrich Steger, the company should prioritize the shareholders’ incessant interest but they should also be concerned of their social responsibilities, morals and environmental goals that the public expects them to be. Without a doubt, companies’ primary goal is to earn a profit. Emphasizing on profitability affects the fundamental values in the company, its morality. Companies ignore the ethics just to earn a mountainous income. This often causes extensive repercussions in the companies. In America, companies are motivated to pursue virtue in order to avoid legal penalties. The Defence Department pressured companies to set up guidelines andShow MoreRelatedThe And Doing Well By Doing Good1510 Words   |  7 PagesVirtuousness and Doing well by doing good. Many of the individuals we presented to operated under the widely-held assumption that organizations which act virtuously and do the right thing are at a competitive disadvantage to those that do not. We delivered the good news that this is largely incorrect. For instance, organizations with higher perceived levels of virtuousness have much higher profitability (Cameron, Bright, Caza, 2004), and CEOs who rated high on four moral principles—integrityRead MoreGood Hotel: Doing Good Doing Well1129 Words   |  5 PagesGood Hotel: Doing Good, Doing Well? Joie de Vivre is a hotel management group that is located in San Francisco that was founded in 1987 by Chip Conley. He liked commercial real estate but did not like doing the transaction part of it. He stated to Travel Weekly the branding strategy for Joie de Vivre. In article he said that they know California better than anyone, approximately 40 percent of consumers are from California. He knows that his company comes up with unique hotels, with own personalityRead MoreCan Firms Do Well While Doing Good?1796 Words   |  8 PagesAnother abstract contributes to the research of the 100 companies to work for is Ahmed, Nanda, Schnusenberg (2010). This research aim to identify â€Å"Can Firms Do Well While Doing Good?† in term of applying to financial economic. They are looking at the relationship between a firm’s social responsibility and its performance. They argue that Fortune’s approach to identify the Best Companies to Work For is mainly based on employe e (not shareholder) surveys, which may provide a more direct measure ofRead MoreGorgias Essay561 Words   |  3 Pagesbe used for both good and evil persuasion. You can persuade others to se your point of view, but without intelligence it can be unjust. He believes that, †¦doing what one sees fit without intelligence is bad. Socrates argument is that moral virtue is s form of intelligence, and convinces Polus that in order to have great power, you must use it for what you believe to be the better. Polus believes that those who have the power do what they see fit, and at the same time are doing what it is theyRead MoreStock Market Simulation Example885 Words   |  4 PagesFor the past month we have been doing a stock market competition. The winner of that competition gets bonus marks. Going into this simulation for the first time not knowing that much about it I felt like it was going to be hard and I may not finish where I would have to liked to. But since the competitio n started I felt more comfortable and got the hang of it. I planned to invest in companies that I think would do good in the future. My first two investments were in Tesla and google. I invested inRead MoreUniliver Fair Lovely Skin Whitening Cream1350 Words   |  6 PagesThere is no doubt that Fair and Lovely is â€Å"doing well† financially according to the author. Controlling 50% - 70% share of the skin whitening market in India, with two closest competitors sharing 16% of the market. The second fastest growing brand out of 63 brands in HLL’s portfolio with a growth rate of 21.5% per year as of 2002 in a market valued at over $200 million in 2006. Ankita Rao equally acknowledged financial benefits in the skin whitening market when she said â€Å"the market-which is set toRead MoreBenefits Of A Successful Business856 Words   |  4 Pagesmotivated to do their jobs and increase work satisfaction. This is undeniably crucial for a business to continue to be profitab le. Some solutions to this problem are incentives, having a good work environment, and showing appreciation. When employees perform poorly by not doing their job or not doing their job well, it reflects negatively on the business. Customers who are not satisfied, may complain and may not return. Customers can also discourage others from going to that particular establishmentRead MoreLets Love Sport876 Words   |  4 PagesLet’s love sport As we know playing sport is a good habit that most of the people love it. What is the meaning of the sport? The answer is clear; sport means the regular movement of the limbs of the body in a proper manner. Every day we can encounter with people who play sport but how many percent of those people know the real effect of doing exercise in their body? Absolutely many of them seem not to know the effects. Actually many people don’t realize the benefits and importance of sport. SportRead More##gury Of Imagery InJuggler, By Richard Wilbur1083 Words   |  5 Pagesjuggler is doing in this poem. The speaker uses imagery to reveal the ideas of the speaker describing the juggler. The readers can picture in their mind exactly what the juggler is doing in his performance. There’s a lot of detail the speaker is saying that’s describing the juggler and what he does with the objects he’s using in his performance. The tone is the excitement of the speaker and the audie nce. This reveals that the speaker is describing the juggler’s movements and actions, by doing that theRead MoreSexual Harassment And The Workplace Essay1466 Words   |  6 PagesIt can also affect productivity, satisfaction, retention, patient care and safety, your physical well-being and mental health. It can also cause low staff morale, increased absenteeism and attrition of staff. This student has witnessed and has been a victim of sexual harassment in the workplace. One in three women has been sexually harassed at work some point in their life (McDonald. 2011.p.2). Good communication skills are needed to stand up for yourself and others in sexual harassment cases. One