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Business Ethics - Essay Example

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First of all, tobacco causes harm to the body. So, it is ethical responsibility of companies to warm the people about it (Chapman, 2007, 95)…
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Business Ethics
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Business Ethics

Download file to see previous pages... d of addition; that is why companies should make sure that their consumers understand that they might end up being addicted to the product (Orleans, 1993, 81). Fourthly, smoking may surely become a whole in a budget, so companies who promote this product should warn about possible financial consequences when a person will have to spend a certain sum of money each month to harm one’s organism (Sloan, 2004, 51). Finally, the reality of smoking is not as glamorous or exciting as it is being portrayed. So, tobacco companies should not deceive people by providing them with different pictures that do not reflect the reality at all (Wallander, 1995, 143).
Сapitalism often relies on shared ownership which means that a considerable number of people might hold shared and by combining their voice they might shape decision making process in a way they want (Kruse, 2010, 41). In addition to that, capitalism often points out that making ethical decisions may be quite beneficial in long term perspective, especially when company accepts its social responsibility and tries to maintain sustainable production (Young, 2003, 194). What is more important is that capitalism puts great emphasis on the notion of free market, which urges companies to make sure that their decisions will ensure their competitive advantage over competitors (Buchholz, 2012, 28). As for the connection between capitalism and tobacco, I think that the former might view the latter as a popular commodity which is likely to bring a considerable amount of profits, regardless of the harm that it will do with regard to the person who consumes or addicted to it, and encourage people to buy it.
Keeping in mind the above mentioned, one is able to argue that it is quite possible to combine the interests of a company with personal interest. Thus, on the one hand, any organization wants to be successful, so profit might be recognized as one of the primary goals of it (Jayachandran, 2004, 71). Nevertheless, a company is ...Download file to see next pagesRead More
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