19 Sep This is a 2-part assignment Write two initial reaction posts (one to each primary question

This is a 2-part assignment

Write two initial reaction posts (one to each primary question prompt) each with a 100-word minimum. The post is listed below. Both initial reaction posts must be posted by Thursday. 

Legal vs. Ethical

1. Is being legal more important than being ethical or vice versa? (100 words minimum)

Profit Motive?

2. What is the primary responsibility of a business? Explain. (100 words minimum)

A) Writing has to be Original/ use your own words

B) No less than 100 words each question

C) NO PLAGIARISM!!!!!

D) Answer the 2 questions within your discussion

Part 2:

Each question above will require a response to two other students’ initial reaction post (100-word minimum each). That means 2 student responses for the first question and 2 student response for the second question. 

The two additional reaction posts (from 2 other students) will be added to this assignment on Thursday and response must be posted by Saturday.

PROFIT MOTIVE 

David Eugene McCroskey

The primary responsibility of a (for profit) business is to take care of the shareholders and stakeholders. The primary reason to start a business is to successfully generate revenue and make money. While it is important to be ethical and take care of stakeholders, if a company is not generating revenue and keeping their shareholders best interest in mind, it will eventually go under. This does not mean that the community should not be overlooked though, because social responsibility also plays a important role as well and a fine tuned strategy should allow a business to balance both to meet shareholders expectations, while still actively engaging with their communities in a positive matter.  

Gaston Aguilera

I believe that the primary responsibility of a business is to be able to have profits, otherwise, it would not be worth it and it will lose huge amounts of money. Having said this, I kind of relate it with the previous post of being ethical, given that if a business is doing the right things for its employees, customers, and even for the economy of the country without being unethical it is more likely to grow and be successful in the industry and maximise its profits which is the main objective of almost every company.

Nowadays, many companies around the world are trying to be environmental friendly and try not to harm the planet while producing its products or service. Since more and more people are getting involved into helping and taking care the environment, companies are likely to gain more followers and customers if they are helping the environment. 

Legal v Ethical

Tessa Lynn Jackson

I personally feel being ethical is more important than being legal. Ethics gives us guides on what is the right thing to do in all parts of life, while the law usually puts forth more explicit guidelines with the goal that social order and their foundations can be kept up or maintained. Ethics connects with our sentiments, including disturb and guilt. The law does not instruct us comparable to a large number of the difficulties and choices we need to make throughout everyday life. Even though most people feel complying with the law is a significant reason for good examples throughout life, we contemplate different qualities, for example altruism and compassion as more significant in characterizing somebody as a decent individual. 

Paul Wesley Otto

While I believe it is of the upmost importance for a business to be ethical, I believe at the end of the day it is more important that a business be legal in all of it’s business dealings as a bare minimum. Can a business be ethical while practicing illegal activity? I would say no, due to the fact that’s it’s breaking established laws. I also believe a business can be legal while at the same time being called into question it’s ethical business practices. In my opinion, a company cannot run a successful social responsibility or environmental sustainability strategy while conducting illegal activity.