My Big Fat Revision

Business Ethics Quotes “The business of business is business.” Milton Friedman “Being good is good business.” Anita Roddick “The market has no morality.” Michael Heseltine “If ethics are poor at the top, that behaviour is copied down through the organisation.” Robert Noyce “It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.” Josiah Charles Stamp “A business that makes nothing but money is a poor business.” Henry Ford “Globalisation, more than anything else, has reduced the number of extreme poor in India by two hundred million and in China by three hundred million since 1990.” Jeffrey Sachs, The End of Poverty, 2005. “Globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin American and Russia, and increasing poverty and marginalisation.” Anna Lindh “Globalisation is about homogenising differences in the worlds’ markets, cultures and t...

Well... do they? It is thought that businesses have an obligation to pay attention to environmental issues and creates products or services which are “green”. This means that they will work with nature and thinks about ethics and effects. However, it could be argued that businesses should not spend their time on caring for the environment. Milton Friedman said that “the business of business is business”, which leaves no room for being green. Although the sole aim of a business is to turn over a profit, some businesses do make it their goal to reduce their impact on the environment. Many companies look beyond the initial cost of changing their product or service to the benefits that being environmentally friendly brings. Simple things such as recycling can lower costs and drastically cut a business' carbon footprint. In addition to this, good practise is what some customers look for. A company that cares will put them on a pedestal compared to competitors, attracting ne...