Someone may argue that since a company’s main goal is to maximize its profits, it doesn’t need to care about business ethics or take corporate social resonsiblity(CSR). However, no company can afford to pay a price for neglecting business ethics.Here is an vivid example.

In July,2014, an Chinese media released a video about Shanghai Husi Food Co Ltd plant(capital contribution by OSI Group,an American holding company of meat processors ),which supplied meat for fast food restaurants such as Mcdonalds, sold meat beyond expiration date and even doctored production date.In this case,ShangHai Husi Food neglected their business ethic,which is to ensure food safety for customers.

After this video was released,the product sales of other OSI Group facilities in China drop significantly.It also aroused public concern on Mcdonalds’ food safety and did harm to its reputation.An survey conducted among cities of China showed that parents tended to ask their children not to buy fast food from fast food chains like Mcdonalds and KFC.

From my perspective, there’s no absolute conflicts between making money and obeying ethical principles of business. A successful business can always find a balance point. In the short run, neglecting business ethics might allow companies to earn more,but in the long run,it is likely to bring them to an end.

Article from:<http://www.reuters.com/article/2015/01/30/osi-china-damages-idUSL1N0V920620150130>

Image from:<http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_article_large/public/2014/07/23/rtr36vc3_1.jpg>