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Published byGrant Briggs Modified over 8 years ago
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An Introduction
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Business Ethics: The critical, structured examination of how people & institutions should behave in the world of commerce. In particular, it involves examining appropriate constraints on the pursuit of self-interest, or profits, when the actions of individuals or firms affects others.
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A business cannot claim to be an ethical firm if it ignores unethical practices by its suppliers Use of child labour and forced labour Production in sweatshops Violation of the basic rights of workers Ignoring health, safety and environmental standards
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An ethical business has to be concerned with the behaviour of all businesses that operate in the supply chain Suppliers Contractors Distributors Sales agents
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Businesses and industries increasingly find themselves facing external pressure to improve their ethical track record. An interesting feature of the rise of consumer activism online has been increased scrutiny of business activities.
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Tend to focus on activities & ethical practice of multinationals or industries with ethical issues (a problem) Combine direct and indirect action and can damage the target business or industry
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Consumers may take action against: Businesses they consider to be unethical in some ways (e.g. animal furs) Business acting irresponsibly Consumer action can also be positive – supporting businesses with a strong ethical stance & record. A good example of this is Fair trade.
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Fair Trade: The Story http://www.youtube.com/watch?v=NhQJrz-aDfI
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Use your purchasing power to directly influence companies' supply chain policies You can create lasting change by learning about the products you purchase and making developing informed consumption habits Join in the fight against child labor, forced labor, and worker rights violations by becoming a truly conscious consumer
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This is of growing interest amongst consumers Companies are marketing their products to appeal to this sector Tom’s Shoes, Just Us Coffee, Starbucks, Canadian diamonds Something to consider in marketing your product!
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