I agree with Deckop when he talks about the purpose of ethical training. I do believe that ethical training can help one make better decisions and more ethical decisions. He is correct when he says the purpose is not to get every question right on the exam but to make the right decisions. It would be great to get every question right on the exam, but that isn’t considered ethical training. I believe the best theory is the profit maximization theory because it’s the most simple and it concentrates on the main point of business. The goal of a firm is to maximize profits while making ethical decisions at the same time. There are both pros and cons of each theory but in profit maximization the Pros outweighs the cons. The primary focus is to maximize profits. Maximizing profits is more valuable than attaining social responsibility. I believe that the business is most successful when you maximize profits then everything else will follow.
In the article social responsibility of business is to increase its profits, it talks about what happens when executives steal. I can relate this to my work at Rite Aid. We had a store manager who used to steal money from registers, which led to many employees being fired because of register shortages. I was the one who survived my register only came up short once with 10 dollars in which I saw the manager steal. Assistant managers and supervisors contacted the Loss prevention many times but they could not fire him because they did not have enough proof that he was the one stealing. Eventually the manager got fired, and the excuse that was used that he took an item off the shelf and used it before paying for it. This was caught on camera and this led to his termination. My manager at Rite Aid did not follow the terms of a manager. As stated in the article the manager is supposed to “ the agent of the individuals who own the corporation or establish the eleemosynary institution, and his primary responsibility is to them.”
I agree with the foreign corrupt act of 1977, because I think it’s wrong if a foreigner can own a business if they are illegal or if they have no green card or work permit to work in the United States. As we see in today’s world especially around the Mexican borders where many illegal immigrants cross into our land and work without paying taxes. They get many benefits from our tax money and our hard work. Illegals also don’t pay social security benefits as Medicare, unemployment taxes that are cut out of our paychecks. It hurts me because I do the same job and I get everything cut out of my paycheck. I feel like everyone should be treated the same and that illegals should make more ethical decisions and work for a work permit and then work. Also I feel it’s unfair for an American company to go to another country and pay their taxes, companies such as cisco follow thing rule. I think companies should stay in their own country and hire legal employees who are authorized to work.
In the last article Milton Friedman wrote that “there is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” I also would disagree with this because I wouldn’t say this is the main focus of a business. I believe the main focus of a business should be to maximize in profits. A business needs to have high profits to succeed.