Corporate Ethics

Many companies in the world aim to  give a good quality of food to the consumers. However, there were several corporate ethics that went wrong in food companies in Japan last year, due to “a cost reduction program”. One of the famous ones would be false labelling of food products.

One of the biggest ones that occurred in Japan was the false labelled menu in several restaurants in a franchise hotel called, Hankyu Hanshin Hotel.
Some of the examples would be, cryopreserved fish served to the customers when the restaurant’s menu said “fresh raw fish” and vegetables that weren’t organic were labelled “organic”, and were sold at an expensive price.

The chief of the hotel did say this wasn’t to create more profit, however this problem has definitely created a bad reputation amongst the franchise hotels.
As a result, they have created and extreme amount of profit, which is the opposite of what Friedman said. Friedman said going against the law, and only thinking about gaining profit is unethical in business. This hotel, however, has broken Friedman’s business ethics.

(This problem in the hotel was found in 2013 Oct. 22nd)

LINK