Robert's Blog

I read Junho’s blog on the value of business ethics. He agrees with the writer’s stance of “Doing the right thing doesn’t automatically bring success. But compromising ethics almost always leads to failure.” The sole purpose of a business is to maximize profits, and it often does at the cost of its ethics. However, a company must entirely chase the pursuit of profit, as compromising on the company’s values may be profitable in the short term, but detrimental to the health of the company in the long term. This is the challenge that the CEO writing the article faced; should he fire his integral senior manager who was asking for sexual favors? In the end, the ethical decision to ensure the integrity of the company is what likely saved the company and its reputation. The CEO believes there are “no shortcuts to success.” Jun takes an opposing stance, stating that ethics and profits can be complex because they are not solely black and white. A balance must be struck because one cannot maximize profits if they are solely focus on ethics, but complete disregard for ethics in seeking profits will result in face and values of the company to disintegrate.

blogs.ubc.ca/jhc95

http://www.linkedin.com/today/post/article/20130713045920-8451-corruption-in-business-and-the-importance-of-ethics