CVS Vows to Quit Selling Tobacco Products
Comment:
Sometime a company can have both business profit and business ethic, Just like CVS. CVS decided to stop selling cigarettes and other tobacco products in order to decrease the rate of smoking although this decision may lead to a loss of $2 billions. A large majority of people agree with this idea and CVS Itself also encourage other companies to imitate such an action since it can actually reduce smoking by reducing the availability of cigarettes. Does it mean that the CVS company will suffer from loss of sales forever? The answer is no. The loss of $2 billions does not matter comparing with $123 billion of total profit of sales. Besides, CVS provide smoking cessation product which will cover the deficit. It turns out CVS company not only maximize its profit but also do good to the society. Such company not only is a profitable company, but also a virtuous company.
It is not so hard to become a good company. A good company mean it will satisfy the need of all the stakeholders as much as possible without breaking the rules or violating the standard of moral. However, companies like nestle, which pumping the water from a well without paying a cents then sell it back to citizen, is more like they are scarifying the business reputation for profit because many people are complaining about that. In some ways, CVS did a great job of maintaining the reputation of the company and maximize the profit. It is a great model of being a good company.