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Personal Experience On Unethical Business Practices
Personal Experience On Unethical Business Practices
Personal Experience On Unethical Business Practices
AC181
We live in an age when many of us stick on our own principles and live base on what
we believe is right. Actually, we can’t deny that each of us has different perspectives in
life maybe because of different reasons like how our parents raised us or maybe
because of our environment. Just like us, companies and other small businesses have
their own principles and goals that they follow. It may be ethical for them and not for
others. Reasons might be of their own definition of what ethical is. Some of those ethical
principles might be consider as legal as it is acceptable for everyone and some are not
legal in many ways. There are businesses that create their own set of principles which
is cost saving for them and to have a good reputation.
There are those people who argue that sales are more important than their reputation
as they think that reputation is not presentable in their financial statements. Acts like
selling an expired goods and dirty bread will make the company to fail as the customers
might get sick of eating it. From my point of view, good reputation is more important
than the revenue. We all know that revenue is just a nominal account that will be close
at the end of the year but I consider good reputation as an asset that will last forever.
Also, being prudent in decision making is another plus for a company by not letting
emotions or personal grudges affect their decision making.