'Companies do not have to be ethical, they are guided by the law; business ethics is an unnecessary consideration'
To what extent do you agree with this statement? Support your argument with company responses to ethical responsibility.
Ethics are the moral principles that should underpin decision-making. A decision made on ethics might reject the most profitable solution in favour of one of greater benefit to society as well as the firm.
Ethical dilemmas in business include:
-Should advertising agencies accept cigarette advertisers as clients even though they offer large sums of money and high employment levels,
-Should a producer of chemicals sell the chemicals to an overseas buyer if it suspects the chemicals will be used to produce dangerous weapons,
-Should firms in takeover battles hire private detectives to investigate the private lives of their rival executives if it aids in them getting the take over.
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