W1Q1 #5.docx - While I was mulling over my approach to describe the benefits and costs of acting both ethically and unethically in business I initially

W1Q1 #5.docx - While I was mulling over my approach to...

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While I was mulling over my approach to describe the benefits and costs of acting both ethically and unethically in business, I initially thought that business decisions that were made ethically would be good for the company and unethical decisions would not be. I thought it would be that simple, basic and easy until I realized that both decisions may drive increases in revenue and profit and both decisions may put the company in peril or ruin, so clearly, we need to decide what the end game should be. Should the goal be profits or the greater good? Is the “primary and only responsibility of business is to make money” while abiding by the law? I believe that ethical business behavior can drive business. I have owned three restaurants and I have found that offering guests additional altruistic choices that do not contribute to the three main attributes that people rate a restaurant, Food, Service and Design, was a way to help make them come to my restaurant over others.
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