Business Ethics, Invisble Hand Essay Example | Topics and Well Written Essays - 750 words

Business Ethics, Invisble Hand - Essay Example A business's biggest interest is profit maximization. All businesses, be it a small-scale or a large corporation or enterprise, seek to maximize their profitability as much as they can. After and in accordance to this, a firm aims to minimize costs. It is not hidden that when businesses attempt to achieve these aims, they crush many ethical values such as responsibility to the society in the form of, perhaps, pollution control guidelines. They leave, to the society, negative externalities only so that they can earn profits. Under such circumstances, you cannot expect a business to care for the environment or the people around them. True, that firms satisfy our material needs and this does lead to the general good. But in providing us with these services and goods, they will do whatever it takes to get to that level of profit maximization and cost minimization. I do not think that the 'invisible hand' furthers us to greater public welfare because firms forget all about ethics when it comes to power and profits. To support this, let's take the example of California's power market. The electricity industry was freed of regulations so that competition could be promoted and that the invisible hand could work. However, the opposite happened. They failed to provide the service; there were blackouts and prices were also very high. The sellers kept developing new ways of abusing the system until the State intervened (Shaw, W.H., 2004). My second argument is that with globalization taking its toll increasingly and hence, with competition growing immensely, it has become extremely important for firms to maintain and raise their positions in the global market. One would think that competition increases efficiency, along with which, prices are decreased. In any case, the customer, or the society as a whole, benefits. However, this is not usually the case. Globalization emphasizes on competition, true. But as a result it creates awareness in the society, gives customer choices, makes them powerful and hence, demanding. All this put together, puts great pressure on a firm operating in the free global market. Mostly, an average customer is not going to think of buying from a firm who is socially responsible and who has value for ethical guidelines and how it treats its employees or competitors. A customer would want to buy from a firm who provides the good or service, they don't care how, they just want the service. This leads to many businesses sacrificing their ethical values and moving towards the bigger motive of profit earning. Many businesses today in third world countries, especially, adhere to such unethical practices. An example of the water industry in Pakistan can be taken. Such filthy water is provided in the homes of people than many suffer from diseases such as hepatitis, yellow fever etc due to this. Conclusion In the end, it is important to note that not all firms yield to such unethical practices and not all situations demand such practices. Today, 'going green' is also a way of earning profits. However, the arguments presented above do take place and the society is exploited as a result. There are both sides to the pictures. It is only up to the business

Repairing Refurbished Computers Essay Example | Topics and Well Written Essays - 1000 words

Repairing Refurbished Computers - Essay Example CFS currently employs a number of persons as managers, team leaders and technicians. Additionally, during the summer CFS takes on volunteers in order to assist schools benefiting from its program to be up and running at the start of the new school year. Individuals who have disabilities or are unable to afford a computer at home can also be facilitated but they have to go through a school in order to benefit from the program. Computer for Schools (CFS) has been in operation since 1993 and has distributed more than one million systems all across Canada’s ten provinces and three territories since then. It is the largest computer refurbishing program in North America and the fifth in the world (Computers for Schools British Columbia 2011). The company has over 50 refurbishing centers and distributes over 80,000 computers each year. The computers include various brands such as IBM, Lenovo, Dell, HP and Toshiba. My department is located in Edmonton. It is one of the largest departments in Alberta. The role of the directors and management is to ensure that the resources available are adequate to ensure smooth operations. The organization is governed by policies and procedures which are in keeping with the objectives of the organization. Edmonton shop supplies the Edmonton area as and helps to provide continuity for the organization. According to Alberta CFS (2011) since the Alberta CFS program began in 1994 approximately 149,000 computers and 6,000 printers have been distributed. In 2010 the amount of computers distributed was over 14,000. This speaks volumes to the work that CFS is doing in Alberta alone. My role as the leader in my department is to set goals and to ensure that they are accomplished in an effective and efficient manner. I take the necessary actions to ensure that each team member carries out his/her role in relation to specific orders. I ensure that the product that goes out meets the standards of the organization by adequately monitoring the