Ethics 12) What are the main objectives of any business?

Every business has its sets of objectives. The objectives include such categories:

1. Economic objectives: every business is started for earning profit because profit is the acid test for every business. Every business has the objective to build a market share.

2. Human objectives: the business should render welfare to its employees. The consumer should be supplied with qualitative products so that they will be satisfied. The business should provide enough satisfaction to shareholders. Also should have the objective of being helpful to the government.

3. Social objectives: to ensure continuous supply of goods to meet requirement of the society. Should create more employment opportunities, should ensure effective utilization of natural resources.

4. National objectives: The business should help in development of small scale industries. Also improve economic position of society.

How do companies deal with different ethical issues?

Different types of business face different ethical issues:

- Financial institutions try to prevent inside trading by erecting national barriers called chinese walls between different departments.

- Companies selling personal finance promise to ensure that clients are sold appropriate products for their needs and thus avoid misselling

- Manufactures claim that their products are green or environmentally friendly in all stages of their production, use and disposal.

- Cosmetic companies say their products are nor tested on animals

- Clothing companies claim to trade fairly and that their products are not made in sweatshops paying subsistence wages and using child labour.

14) Which act of wrongdoing do you think is the most (least) serious?
15) What practical steps can companies take to prevent their trade secrets from being stolen?

1) Limit employee access to trade secrets. Obviously, the fewer people who know a trade secret, the less likely it will leak out. If company grows, it’s good idea to restrict access to trade secrets to only those employees who really need to know them.

2) Create a log for each project and have every employee sign in and out every time they use confidential materials.

3) Employ security guards, surveillance cameras and perimeter fencing.

4) Restrict photocopying. Require key cards and passwords to use company photocopies.

5) Control visitors. Visitors to your company should not be allowed to wander unsupervised in areas where confidential materials are kept.

Leadership

Дата добавления: 2015-11-16