Business Ethics

Business ethics means that corporations need to be honest, and be responsible for their economic action, their products, their employees and their consumers. In order to gain more profits, some companies just ignore the environmental problems; give the employees too much work and force the employees to work more hours than they should work. In this case, these kinds of actions are seen as unethical behaviors. Corporations are not like an isolated part in the whole society, and they should think about a lot of things before they make a decision. Their behaviors sometimes might hurt others’ rights.

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This article is about Nestle, one of the largest bottled water companies, with no need for paying one cent for extracting water from the well in British Columbia, because B.C. does not have water regulations. In this case, Nestle could extract as much water as they want from the well without the costs of water, and then sell it as bottled water to get benefits. In this article, what can be seen is that Nestle lacks of business ethics. Because B.C. does not charge for groundwater and it lacks of oversight, Nestle sees this as an opportunity and uses this opportunity to seek excessive profits. Nestle draws groundwater from the well in B.C. for free and then sells it back to people at high price which is even higher than the price of gasoline. Nestle does not consider a lot about the consumers, and the company just wants to gain more profits. Therefore, I think what Nestle does is an unethical behavior based on the concept of the business ethics.

 

Reference:

Fumano, Dan. “Wild West” of groundwater : Billion-dollar Nestle extracting B.C. ‘s drinking water for free. Times Colonist. Aug 14, 2013. Web.

http://www.timescolonist.com/news/local/wild-west-of-groundwater-billion-dollar-nestlé-extracting-b-c-s-drinking-water-for-free-1.587568

 

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