Business Ethics Collapse

Milton Friedman, a notable American economist once pointed out that the mere responsibility of businessmen is create utmost value with scarce resources. However, the premise is obey juristic and moral criterion.

While, some businessmen can easily abandon the restraint with the temptation of self interests. Such phenomenon generated from distinct situations, but they finally reflect one fact that business ethics is collapsing.

Mostly, corporations care least about customers expectation and reaction, for instance, Sanlu Group, whose product did great harm to innocent infant. To made more profit, it replaced nutritive ingredients by fake components and caused illness and death.(http://www.theguardian.com/world/2008/sep/18/china)

Besides customer, competitors can be targeted. Companies may make trick to obtain advantages. Referring to Baidu Inc. and Qihoo 360 Technology Co., who keep fighting with each other, both believe the other exploit their technology and resources.(http://www.venturedata.org/?i480890_360-accused-Baidu-browser-malicious-shielding-Baidu-said-it-confuse)

Actually, regardless of the procedures, the only consequence is that businessmen ruin reputation and potential market by giving up business ethics. Though some may realize this point, temptation of money reamains a challenge.

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