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Business Ethics - Coggle Diagram
Business Ethics
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Good business ethics
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Globalisation has allowed wealthier countries access to the cheap labour of less developed countries which many consumers will consider unethical exploitation.
However, consumers have benefited from cheaper products and some researchers have suggested that globalisation has reduced poverty in LEDCs.
Utilitarianism
Classical Utilitarians would encourage corporate social responsibility as it would benefit the majority of stakeholders.
Even if CSR is a mask for profit pursuit, this is still ok if it benefits the majority.
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Kantian Ethics
Kant would say that businesses should do the right thing because it is the right thing,, but would also respect the businesses autonomy to act in the way they please.
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Some argue that businesses act in a social responsible way in order to gain a positive brand image and make more profit.