In the land of free trade the public does not view all industries as equal. Do you believe that is ethical?
Write a one and a half to two (1 ½ – 2) page paper in which you:
- Become an advocate for either the consumer or the industry. Prepare an argument explaining the major reasons why you support either the consumer or the industry. Make sure to include details on the role capitalism plays in corporate decision-making.
- Use at least two (2) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Determine the considerations for and process of ethical business decision making to balance corporate and social responsibilities and address moral, economic, and legal concerns.
- Analyze selected business situations using the predominant ethical theories, such as utilitarian, Kantian, and virtue ethics to guide ethical business decision making.
- Use technology and information resources to research issues in business ethics.
- Write clearly and concisely about business ethics using proper writing mechanics.
Industrial democracy
The basic ethic industrial democracy states, some industries base ethical starting points from organized labor laws from which they get to compete while to other industries this form of trade-off is not implied. This all originated from trade unions having the need to resist organizations from long working hours and unsafe working conditions. We could not all view industries as equals due to the nature of goods produced. Some goods have a high value to consumers in general, for examples food and beverage companies.
Alcohol companies
For example let’s have a look at the alcohol industries. They should not be considered as equals to the detergent companies as they cater for different needs to the consumers. Alcohol companies are governed by a close set of rules and a tight code of conduct that strictly dictates the………………..
