 Is the oil shortage a myth propounded to increase profit ? |
ref
Oil shortage a myth, says industry insider
The misconception has helped boost oil prices to an all-time high
http://www.independent.c... |
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 Would it be better for your company? |
| to eliminate non English speaking work force or prior temporary workers who hadn't been through background check to comply with FDA approval. what are the pro and cons.... |
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 Would a gas boycot do any good? |
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 If I wanted to decrease operating cost in a business... how do I do that? |
| I have a homework assignment for southwest airlines to increase operating cost by 8% in three years.... any suggestions??... |
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 What type of company is:1)infosys 2)wipro..? |
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 Has anyone heard of this company Premier Worldwide Express Inc? |
Just curious if it is legitmate and if anyone has any information about the company. The website doesn't say much. Thanks!
Additional Details
I got the same email as well! It ... |
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 Can one be sued for actions they make on the behalf of the company they work for? |
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 What's The Best Way To Save The 3,000 Jobs At Risk At Hershey's Chocolate? |
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 Am I the only one that sees a problem here? |
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 I looking for an bank that goes under the name Standard Trust Bank PLC Victoria Island , Lagos, Nigeria help? |
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 Poll: If You Ran Wal*Mart, Would You Do The Same? |
Most people presented with the news story about Wal*Mart vs. Debbie Shank share a strong opinion in favor of the Shanks.
Of course they (Wal*Mart) has a legal right to collect, is it ethical?
... |
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 Do you agree with President Bush that corporate CEO's are given salaries that are way too high? |
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 How do i know if this company is real?!? |
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| When you know your boss is WRONG!? |
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vincecahill8 | Why are ethics important in business, when the aim of a business is to maximise shareholder wealth? |
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 |
 
ustoev
 |
In order to achieve the most profits over a long term, you have to have two things. You have to have customers that trust you. Most relationships for good customers is a long term relationship. If they do not trust you, they will leave even if the price is better. The other thing that you need is people working for you. Now people will on the short term work for an unethical company. But often the people who are working for that company are not ethical in their relationship with the company. Certainly the aim is to maximize return on investment but on a long term basis. |
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mel e
 |
I'm not sure where (what planet) you live at if you have to ask why are ethics important. Ethics are your moral compass. Without any ethics cheating and lying would be the normal mode of operation, just like politicians and insurance companys.
The aim of business is not to maximize shareholder's wealth as much as it is to make profit by supplying a product. If a company has shareholders then they will profit also. Sort of an after effect. Too many companies focus solely on keeping shareholders happy instead of providing the best service. That is how they get such sweet deals with their pay and golden parachutes.
The best companies concentrate of customer service and quality products (good ethics). The rest focus on getting as much money as fast as they can in whatever manner they can figure (not so good ethics). The best survive and the rest rip you off. |
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Big Deal Maker
 |
Without business ethics your shareholders would be holding a company that is worthless.
See Enron for example. |
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pdevans1963@rogers.com
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a publically traded company has a "feduciary responsibility " under the law to the shareholders
it must put the financial bottom line first without breaking laws, since that would harm the shareholders interst too.
some corporations have found ways to incorporate other ethical concerns such as the environment into their marketing strategies and therefore satisfy their own ethical standards as well as the legal obligation to the shareholders at the same time.
what is good for the companies sales is good for the shareholders. |
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♪Irony_Man♫
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Reputation is very important in business. If you know this company cheat customers and its factory is polluting the environment. Would you want to do business with it ? |
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chemai_chopeh17
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The primary aim of a business is not to maximize profit but to know the needs of the society and give it to them at a cost.. profit is just a biproduct.. |
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H-Bomb
 |
Ustoev and mel e have interesting points of view. I would like to suggest the following:
Before profits can be realized, there must be an investment of some sort. If the investor does not trust the business there will be no customers. If the business does not operate ethically, there will be no investors. Without investors, (banks, people, IPOs) business cannot get off the ground. Companies have a duty to ensure the interests of the investors are served. If they do not seek to maximize shareholder wealth, the shareholder will liquidate their shares. Question: If you had $100,000 to invest in company XYZ. On 1/1/2010 you purchased 10,000 shares at $10.00 per share. On 1/1/2011, Company XYZ was voted best place to work by the employees and the customers raved about the service but you share price was $8.00 per share. What would you do?
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