Business Ethics and Rules Essay

1231 Words Sep 19th, 2010 5 Pages
Personally, I agree that Solomon's ethical fundamentals are a good moral foundation for a business. “Business ethics is the study of what constitutes right and wrong (or good and bad) human conduct in a business context.” (p25) From the lecture, we know that ethics matters because “how organizations behave have important implications for how they fulfill their social and economic roles” and “their success as well as the success of their employees, customers, etc.” Thus, running a business ethically is good for business. Applying Solomon’s three C’s of business ethics and the eight rules of thinking ethics in business make good sense.
The three C’s of business ethics include compliance, contributions and consequences.
The first C is
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While some multinationals pledged cash, many others pledged a combination of cash, equipment and services. Domestic firms, by all accounts, out-donated multinationals…The popular perception was that international firms' relief contributions not only did not match those of local Chinese companies in terms of scale or timeliness, but also were not commensurate with their presence in the Chinese market. Chinese consumers quickly seized upon this disparity by openly attacking major MNCs, calling for a boycott of their products … The Chinese public soon gave these affected MNCs the nickname of ‘international iron roosters.’ The term refers to a bird that never gives up a single feather, and its usage highlights the perceived stinginess of these international firms…Despite their additional donations,’ iron-rooster’ MNCs continued to face angry consumers throughout China, resulting in severe public backlash, including protests at several McDonald's and blockades at KFCs throughout Sichuan province and the rest of China.” From this example, we can see how important the contributions that organizations
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