W1Q1 #7.docx - Lessons that we have learned from unethical decisions in business over the past decades show us today why it is beneficial to take

W1Q1 #7.docx - Lessons that we have learned from unethical...

This preview shows page 1 - 2 out of 2 pages.

Lessons that we have learned from unethical decisions in business over the past decades show us today why it is beneficial to take ethical approaches in business situations. Benefactors of these ethical decisions include employees, consumers, and the businesses themselves. For a great majority of potential employees, the ethics policy of a business plays a crucial role when ultimately deciding where to work (Hartman, DesJardins, & MacDonald, 2018, p.8). Having well thought-out ethical standards can certainly attract potential associates. Companies that have an investment in ethics can also gain a sense of trust among consumers, as well as a positive reputation (Hartman et al., 2018, p.9). For example, Starbucks Corporation has earned a very popular status among consumers. They have committed to many good-faith environmental practices, such as obtaining the water brand “Ethos” to sell in their stores. This specific brand has a goal to globally aid children in obtaining the means to have clean water (Serwer & Bonamici, 2004, p.11). Acting ethically gains trust from employees, consumers, and stakeholders, which is a very fragile concept. It is something that is difficult to achieve, and easy to lose.
Image of page 1

Subscribe to view the full document.

Image of page 2

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes