The most effective way for a businessperson to maximize profits over a long period of time is to follow the highest standards of ethics.
Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons and/or examples from your own experience, observations, or reading.
Some people claim that following high ethical standards is the best way to maximize profits in the long run. However, this claim seems to be more of a normative statement than an empirical observation. The issue is more complex than the speaker suggests. In my observation, the two objectives at times coincide but at other times conflict.
In many ways behaving ethically can benefit a business. Ethical conduct will gain a company the kind of good reputation that earns repeat business. Treating suppliers, customers and others fairly is likely to result in their reciprocating. Finally, a company that treats its employees fairly and with respect will gain their loyalty which, in turn, usually translates into higher productivity.
On the other hand, taking the most ethical course of action may in many cases reduce profits, in the short run and beyond. Consider the details of a merger in which both firms hope to profit from a synergy gained thereby. If the details of the merger hinge on the ethical conviction that as few employees as possible should lose their jobs, the key executives may lose sight of the fact that a leaner, , less labor-intensive organization might be necessary for long-term survival. Thus, undue concern with ethics in this case would result in lower profits and perhaps ultimate business failure.
This merger scenario points out a larger argument that the speaker misses entirely-that profit maximization is per se the highest ethical objective in private business. Why? By maximizing profits, businesses bestow a variety of important benefits on their community and on society: they employ more people, stimulate the economy, and enhance healthy competition. In short, the profit motive is the key to ensuring that the members of a free market society survive and thrive. While this argument might ignore implications for the natural environment and for socio-economic justice, it is a compelling argument nonetheless.
Thus the choice to follow high ethical standards should not be made by thinking that ethical conduct is profitable. While in some cases a commitment to high ethical standards might benefit a company financially, in many cases it will not. In the final analysis, businesses might best be advised to view their attempts to maximize profits as highly ethical behavior in itself.
2016年中考英语词组辨析:much too/ too much
中考英语重要短语的用法及区别:take care of look after
中考英语重要短语的用法及区别:not … until until
中考英语重要短语的用法及区别:how long how often
中考英语重要短语的用法及区别:also either too as well
中考英语重要短语的用法及区别:whether if
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中考英语重要短语的用法及区别:on in with
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2016年中考英语词组辨析:look/ look for/ find/ find out / look up
2016年中考英语语法知识考点总结:There be句型与中考试题
中考英语重要短语的用法及区别:as when while
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2016年中考英语语法知识考点总结:不定式
2016年中考英语词组辨析:leave sw/ leave for sw
中考英语重要短语的用法及区别:among between
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2016年中考英语词组辨析:neither/ either
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中考英语重要短语的用法及区别:finally at last in the end
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