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Business Ethics and Corporate Social Responsibility

Decent Essays
Business Ethics and Corporate Social Responsibility
April Duhon
DeVry University

The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? The effectiveness of the laws that the United States have that are intended to further fair, balanced, and competitive business practices depends on how ethical a business is. Below I will explain why I do not believe these laws are effective due to the way ethical businesses follow the law and unethical businesses do not follow the law. In response to the growth of monopolies that threatened to destroy competition in the marketplace Congress passed the Sherman
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I believe we need to provide more rewards since people seem to respond more in favor of these. Some companies provide this within their businesses to encourage ethical behavior. According to our book, “Companies with strong ethical practices create cultures that reward good behavior—and don’t intentionally or unintentionally reward bad behavior.” (Bovee, 2013, p.72) This may prove to be more beneficial and will give a business an incentive to want to do good instead of downgraded punishments for doing wrong. References
SALINGER, LAWRENCE M. (2004). Encyclopedia of White-Collar & Corporate Crime, CA: Sage Publications, Inc.
Clayton Antitrust Act, 2014, http://www.britannica.com.proxy.devry.edu/EBchecked/topic/120766/Clayton-Antitrust-Act
Sherman Antitrust Act, 2014, http://www.britannica.com/EBchecked/topic/540115/Sherman-Antitrust-Act
Firestone wins Liberian child labor case in US, 2013, http://www.reuters.com/article/2011/07/13/ozatp-firestone-childlabor-idAFJOE76C02L20110713
Bovee, C. L., Thill, J. V. (2013). Business in Action Upper Saddle River, NJ: Pearson Education,
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