Slippery-Slope Effect
In the article “The slippery slope of getting away with small stuff” by Bryan Borzykowski, raises ethical issues on how some business tend to sway in the wrong direction by telling themselves that it is not so bad. The article claims a theory by the paper’s author called “the slippery-slope effect” which expresses “how small indiscretions can get worse over time.” The example in the article that was used to relate this theory was a man called Bernie Madoff, a former American stockbroker, investment advisor and financier who has convicted a fraud. Madoff stated that at first he was comfortable taking several hundred to thousands of dollars, and before you know it falls into something bigger. In the end of the article it stresses the importance of businesses to enforce the consequences when making an unethical decision. This article relates to the YouTube video of Freeman’s Stakeholder Theory. Freeman stated that for a business to be successful they must hold value towards their customers, employees, investors and community. For a business that is not a good citizen to its community and does not respect their values is a business in decline. For a success of a business they must not just consider its profits and benefits because they’ll miss what capitalism tick. It’s crucial that a business can come together and follow their values in order for a successful business.
Related Source: https://www.youtube.com/embed/bIRUaLcvPe8
Article: http://www.bbc.com/capital/story/20140806-the-slippery-slope