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Essay / Research Paper Abstract
This 9 page paper considers the way in which a decision making model may vary, and how an individual can be seen as needing more than profit. A profit maximisation model ignores the need for man to be happy with the decision he makes, and as such morals and ethics must also be a part of the decision making processes. This paper looks at the different perspectives, and applies them to the case of Johnson and Johnson. The bibliography cites 9 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEbusetc.rtf
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be a part of the decision making processes. This paper looks at the different perspectives, and applies them to the case of Johnson and Johnson. The bibliography cites 9
sources. TEbuseth.wps
The Role of Profit and Ethics in Business Written United Kingdom, May 2001 To Use
This Report Correctly, Please Visit The challenges a business faces today may be seen as far broader and wider ranging than
the challenges of the past. The global arena is one where there increased pressures are exerted by higher levels of consumer awareness and company accountability. These included easier accessibility to
the routes by which redress such as the courts and legislature, the media, or commercial power and influence. It can be argued that there is little place, or motivation, in
the business world for ethics. Nevertheless, this is not the case as ethical considerations must remain a part of the equation. The dilemma is not only whether or not there
is a need for an ethical approach, moreover, it is how much of an ethical approach may be required and how it should be implemented.
If we look at the case of the withdrawal of Tylenol by Johnson and Johnson then we may argue that this was an ethical decision, that the
withdrawal of a product which was almost certainly clear of any contamination can be seen as nothing by ethical. It may be interpreted as a way of putting the consumers
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