Nobody downloaded yet

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

Comments (0) Cite this document
Summary
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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
In the UK ethical businesses are not as successful as less ethical businesses
Read TextPreview

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

Download file to see previous pages Sex industry mints billions of pounds and far leads other industries with respect to making money. The sex industry is normally, a 57+ billion annual global business. This is because of the fact that the demand of porn has always been increasing. The fact that prostitution is illegal in many countries further opens more doors to profit from the sex industry. The business has to be done in a secretly, companies and people taking part in sex industry do not have to pay the fees required for getting themselves registered nor do their earnings get cut due to tax deduction. Everything takes place secretly and all possible means of losing out money that are witnessed in ethical businesses are absent in the case of such business (Carrigan & Attalla 2012).
In order to operate a business decently in the UK, the employer has to give first preference to the local workers. However, local workers ask the employers a lot of money in salary. On the other hand, if the employers instead employ illegal migrants, it becomes an equally advantageous association between the employer and the employee. While the employer manages to hire the same or even better services that a local worker would have offered, the employee finds employment and a means of continued existence in the UK. Furthermore, the prosperity of business rises as the internal cost is reduced (Amnable 2003).
Starbucks is one of the most well-liked and the most money-making chains in the UK. Branding the companies on 19 diverse classes, Ethical Consumer recognized Starbucks as the worst with respect to their stand on political activities as well as workers’ rights. Co-editor of the magazine, Dan Welch provided these reasons for this finding;
“We’ve uncovered a record of unethical behaviour that runs completely counter to Starbucks image as an environmentally friendly, bohemian Seattle coffee shop…It covers everything from serving up genetically engineered growth hormone in ...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”, n.d.)
Retrieved from https://studentshare.org/english/1666511-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 Essay)
https://studentshare.org/english/1666511-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 Essay”, n.d. https://studentshare.org/english/1666511-in-the-uk-ethical-businesses-are-not-as-successful-as-less-ethical-businesses.
  • 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

Multinational businesses

...reason for the drop in international trade and consequently the process of globalization is that because of the credit crunch, businesses are not investing as much as they did earlier and due to the layoffs and retrenchments, consumers are not spending the high amounts that they were earlier because of easy availability of credit. (Shmick, 2008) The main forces driving Globalization in these times are the benefits that international trade brings to the countries involved in the exchange of goods and services along with multilateral institutions like the IMF and World Bank. Further, due to the insatiable appetite of the American consumer for quality goods at cheap prices, there has been a corresponding move towards...
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 differences is...
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

...of South East Asian CFE requires them to be less organized on the notions of nepotism according to Silin (1976) and Redding (2000). Their expanding business realm implies that succession based on nepotism is becoming too difficult due to a lack of competent family member to take charge on corporate responsibilities and decision making. These led CFE in hiring more experts to manage their international operations. Also, based on empirical evidences studied and handed down by scholars like Yeung and Soh (2000) their financial systems are also more and more moving away from 'ethnic-centrism' from their organization, so well explained in the early studies of Chinese capitalism. The need for...
16 Pages(4000 words)Essay

Ethical Businesses Vs Unethical Businesses

...of Ajax value their employees and people. Appraisal programs to motivate workers and incentives for the workers are incorporated in their plans. Periodic medical tests including drug tests also ensure organization’s commitment and concern with the employees and other stakeholders. Rehabilitation programs for alcohol or drug abusers are the evidence of their ethically responsible leadership style. They are not only ensuring their organization’s success but also keeping the success of their employees under consideration. Ethical leaders do not only consider their personal interests while making decisions but also think about the organization. Their aim is not to keep 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. Discuss

...Ethical Businesses vs. less ethical businesses Success in the UK 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 not achieved the success seen by less ethical businesses and this situation has led to many ethical businesses having a difficult time in the market. The success of ethical businesses lies in making potential customers aware of the need to observe ethics in production, something which less ethical businesses are often not concerned about. The reason for lesser success among ethical businesses... ...
4 Pages(1000 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

Analytical business report on what ethical consumerism means for businesses

...Analytical business report on what ethical consumerism means for businesses The Hershey Company Executive summary Ethical consumerism and ethical business practice are increasingly integrated into modern life. International companies such as the Hershey Company claim to be ethically responsible organisations, pursuing sustainability standards. However, more thorough analysis shows that the company is more likely to work with suppliers of cocoa beans, who use child labour and may be child slavery in order to produce cocoa. The study also indicates that consumers and their readiness to pay higher price for...
8 Pages(2000 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 for FREE!

Contact Us