The managers of a public limited company believe that it is important for the business to behave ethically. To what extent do you think that an ethical approach to business decision making is now essential for managers in public limited companies? by Mark Gardiner

The managers of a public limited company believe that it is important for the business to behave ethically. To what extent do you think that an ethical approach to business decision making is now essential for managers in public limited companies? by Mark Gardiner https://padlet.com/mgardiner1983/yr3xlv9uvh4g en-us 2019-03-03 08:25:56 UTC 2025-10-08 13:25:55 UTC hello@padlet.com Arguments for mgardiner1983 https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204238 2019-03-03 09:42:45 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204238 Arguments against https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204250 When behaving ethically, cost of production may increase and negatively effect businesses profits

]]> 2019-03-03 09:42:56 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204250 Arguments against https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204301 Elkington Triple Bottom Line suggests that profit and people are just as important as 'planet' / ethics]]> 2019-03-03 09:43:37 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204301 ARGUMENT for https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204303 if a business is ethical, this could give the business a good reputation and increase the amount of customers because they will feel happy about buying an ethically made product ]]> 2019-03-03 09:43:39 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204303 Argument For https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204322 Ethics effect the reputation of the business, if it is notorious for poor treatment of employees, they may struggle with high labour turnover and consequently suffer higher training costs. Furthermore, it may push away potential new workers, leading to a shortage of a workforce in the future.

]]> 2019-03-03 09:43:51 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204322 Arguments For https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204347 If the firm operates in an industry where the customers care deeply about animals or the environment, it would be essential for this business to act ethically or there will be no business to manage. ]]> 2019-03-03 09:44:15 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204347 Arguments For https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204411 Ethics are important because they will give the company a good reputation, which may increase brand loyalty]]> 2019-03-03 09:44:54 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204411 Arguments for https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204424 Businesses need to have an ethical approach to keep its brand image and reputation up. If a business is treating their workers badly or are having to work in unsafe conditions, the employees may complain to trade unions. This can create a poor atmosphere around the business which may cause lack of motivation or productivity. This can result in the business performing badly.]]> 2019-03-03 09:45:03 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204424 argumnets against https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204601 Being ethical could increase costs and decrease profit

]]> 2019-03-03 09:47:50 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204601 Arguments For https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204645 It keeps up with trends. For example, no plastic shops. this is because of technology such as social media which can create new trends to go viral and become more popular.]]> 2019-03-03 09:48:22 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204645 https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204681 Arguments for
If a business does not behave ethically then they could encounter losses, bad publicity,( affects share price) customers revert to competition so profit margins decrease and so do dividends

Because it’s a plc, shareholder satisfaction is one of their main objectives and therefore ethics may not play a big role in decision making compared to boosting profit margins. ]]> 2019-03-03 09:49:09 UTC https://padlet.com/mgardiner1983/yr3xlv9uvh4g/wish/337204681