Nobody downloaded yet

In the UK, ethical businesses are not as successful as less ethical businesses. Discuss - Essay Example

Comments (0) Cite this document
Summary
Ethical businesses in the United Kingdom have over the years increased in popularity because of a significant number of individuals developing an awareness concerning a need to uphold ethical values in production of goods. While this may be the case, many ethical businesses have…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
In the UK, ethical businesses are not as successful as less ethical businesses. Discuss
Read TextPreview

Extract of sample "In the UK, ethical businesses are not as successful as less ethical businesses. Discuss"

Download file to see previous pages The reason for lesser success among ethical businesses in the market is that there is a lack of awareness among potential customers concerning origins of most products. This ignorance has made it extremely difficult for ethical businesses to not only promote themselves, but also to achieve the sales margins that less ethical businesses achieve (Anand and Rosen, 2008). Furthermore, the most popular brands available for customers tend to be those that are owned by less ethical companies and this situation makes it harder for ethical businesses to compete with them at the same level. Therefore, while most ethical businesses spend much money in advertising their products, less ethical ones, which have been in the market longer, do not need to spend as much since they have established firm customer bases.
Further, less ethical businesses take advantage of all favourable market conditions available to ensure that they reduce their costs of production as well as distribution and this is done in such a way that they do not necessarily have to observe ethical values. They take advantage of cheaper labour, greater means of production as well as favourable government policies to ensure that their products are not only cheaper, but also abundant in the market. This is an aspect of current business environment, which many ethical businesses cannot compete with because they are based on achieving ethical observances such as fairer prices for producers as well as fair wages for those who provide labour. In the end, it is difficult for these companies to keep their prices low because they have to recover their costs; a major disadvantage when compared to less ethical companies.
In recent years, less ethical businesses have had an edge over ethical businesses based on their having been firmly established in the market for much longer than their counterparts have. This has made it quite difficult for ethical businesses ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“In the UK, ethical businesses are not as successful as less ethical Essay - 2”, n.d.)
In the UK, ethical businesses are not as successful as less ethical Essay - 2. Retrieved from https://studentshare.org/business/1662257-in-the-uk-ethical-businesses-are-not-as-successful-as-less-ethical-businesses-discuss
(In the UK, Ethical Businesses Are Not As Successful As Less Ethical Essay - 2)
In the UK, Ethical Businesses Are Not As Successful As Less Ethical Essay - 2. https://studentshare.org/business/1662257-in-the-uk-ethical-businesses-are-not-as-successful-as-less-ethical-businesses-discuss.
“In the UK, Ethical Businesses Are Not As Successful As Less Ethical Essay - 2”, n.d. https://studentshare.org/business/1662257-in-the-uk-ethical-businesses-are-not-as-successful-as-less-ethical-businesses-discuss.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF In the UK, ethical businesses are not as successful as less ethical businesses. Discuss

Multinational businesses

...producing in a country where the costs are low and selling in a country where the margins on its products are more. Hence, this simple notion of free trade theory underpins much of the discussion on globalization. Further, economists like Jagdish Bhagwati have shown that the countries like the United States gain in terms of having cheaper goods as well as outsourcing of jobs. The gains are in the nature of capital saved by relocating production and outsourcing functions that can be gainfully employed in the home countries for more productive purposes. The argument here is that the US gains in terms of moving up the value chain and investing in Research and Development while the activities at the bottom of the value chain...
10 Pages(2500 words)Essay

Understanding Cultural Differences in Successful Global Businesses

...?Understanding Cultural Differences in Successful Global Businesses Introduction In the current age of globalization, interactions with other cultures are inevitable. In most activities, in business and in social and political interactions, cultural differences are an expected part of the global community. As the world moves more towards the globalization of activities, these differences would become more apparent. For businesses and corporations, their ability to manage and understand such cultural differences will eventually spell the difference between success and failure. This paper shall discuss the thesis that understanding cultural...
4 Pages(1000 words)Essay

UK Businesses Going Abroad

...UK Businesses Going Abroad Ethical Issues Introduction Many UK businesses are going abroad owing to a variety of reasons. The first of these is the more obvious one like globalisation. This is a phenomenon that has helped construct virtual bridges that have helped in geographical diversification as far as international marketing is concerned. UK businesses are moving abroad more easily owing to better coordination due to globalisation between world economies as well as standards in customer care relations as well as socio economic implications of international marketing. Tax Implications Owing to the financial aid that...
16 Pages(4000 words)Essay

Chinese Businesses

...restructuring of the Chinese business system and organization through which the CFB need to implement to cope and compete in global competition. Some of the major changes that led the reconfiguration and reshaping of South East Asian Chinese capitalism in recent years are the implementation of globalization processes; the varying political-economic alliances in South East Asia; and the ascending of mainland China as a key player in the economy of the world. The kind of structural transformations of contexts in South East Asian Chinese family Businesses had proven to be more constructive during the post-crisis era. These changes entailing the dynamic evolution of Chinese capitalism are...
16 Pages(4000 words)Essay

Coffee and ethical globalisation

...and, should we so decide, discover ways of making a personal difference in the world. This paper will use three of five paradigms to analyse the behaviour of organisations and discuss four issues arising from the emergence of the coffee bean as a catalyst of change. The author has selected the classical, critical management studies, and evolutionary paradigms explained in the next section to discuss corporate governance and business ethics, globalisation and internationalisation, organisational change and leadership, and environmentalism and its national policy consequences. Our understanding of these three paradigms, based on the works of Crowther and Green (2004)...
15 Pages(3750 words)Essay

Ethical Businesses Vs Unethical Businesses

...the effects of the decision on leader’s constituents (employees and stakeholders). Business leaders are greatly responsible to give rise to ethical dilemmas and hence are also able to control them. Decisions of business leaders lead towards a positive or negative attitude of stakeholders. The public opinion about business leaders is not as positive as it seems to be (Dubrin 2001). Public discussions show that leaders wish to increase the organizational wealth in one way or the other. Public opinion about leaders and their aims is flawed as leaders (specifically ethical leaders) are aimed to increase the long term profits for the...
10 Pages(2500 words)Research Paper

The UK economic crisis on businesses

...The effect of UK economic crisis on the recruitment policy of the businesses  Introduction The UK economy was engulfed in a crisis from the middle of2008. This was due to the housing bubble burst earlier in the year. The UK economy followed the same trends of that of the US and the banks offered loans to the individuals without verifying the credentials for the repayment. The housing market was on the rise and the prices of the houses were steep. When the loans came up for repayment most of them defaulted and the banks lost much of the money. The financial institutions like the Northern Rock were the most affected and their share prices came down by 50%. The situation in...
14 Pages(3500 words)Essay

In the UK, ethical businesses are not as successful as less ethical businesses. Discuss

...Ethical and Unethical Businesses in U.K Business ethics Introduction The role of ethics and success of a business have been debated on various fora in the past two decades. Ethics simply refers to undertaking a fair business practice that in anchored on justice, honest to stakeholders and utilitarianism. Also, other scholars view business ethics as a commitment towards nurturing fair trade practice. In addition, ethical virtues are central to morality and human duty of...
4 Pages(1000 words)Essay

In the UK ethical businesses are not as successful as less ethical businesses

...In the UK, ethical businesses are not as successful as less ethical businesses Ethics and profit rarely go hand in hand. Generally, if a company participates in actions to make its business more ethical, it has to have an effect on the profit to some level because of the cost used in those operations. Besides, several a times, businesses find it more advantageous to do business unethically since many various types of costs are not used. For example, if the cost of ordinary cleaning is removed; the expense of paying the employees their...
3 Pages(750 words)Essay

In the UK, ethical businesses are not as successful as less ethical business

...In The UK, Ethical Businesses Are Not As Successful As Less Ethical Business In The UK, Ethical Businesses Are Not As Successful As Less Ethical Business Introduction Crommelin & Pline (2007) define ethics as a set of moral principles or values. Ethics make people to decide between what is good and what is bad as well as establishing principles of conduct for individuals and businesses. Business are considered as ethical if they have all the necessary credentials to operate like having licenses and certificates as well as meeting safety, health and welfare of the public (p.42). Trudel and Cotte (2008), say that being ethical do not necessarily translate to more profits. Research has revealed that some business pay a lot of money... in...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic In the UK, ethical businesses are not as successful as less ethical businesses. Discuss for FREE!

Contact Us