Business And Ethics
Business ethics; is that this an oxymoron like jumbo shrimp or navy intelligence? The complexities of a global and dynamic business world, the place non-financial and economic issues coexist, gives ethics a significant position in guiding human action, all the time with the potential for human excellence in mind. Presumably the claim, then, is that learning finance and advertising can affect one’s conduct, but studying ethics cannot.
Financial accounting helps the administration to report and also management the business efficiency. Although Friedman says little about this in his essay, businesses present a vast array of products and services that make life far better for millions worldwide. A famous case study describes how the Nestlé Corporation marketed its toddler formula in elements of Africa by hiring nurses in local clinics to advocate formulation over breast feeding. There are many reasons and criticisms for the failure of adoption of ethics within the …
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