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Famous Brand Ethics

2051 Words9 Pages

INTRODUCTION
Ethics and professionalism are the distinctive differentiation between a good business and a great business. It can create a great competitive advantage and a firm and loyal customer basis which is the obvious objective for all entities. Understanding and acknowledging these concepts can lead to a successful and profitable organization.

Professionalism however is the way in which people act or behave when taking part in a particular job.
Professional codes are put in place to ensure that employees within the business are acting and behaving in a particular manner. If a person is registered with a professional body they are expected to obey the professional code of the organization, therefore if the code is broken or disobeyed …show more content…

Famous Brands had made a decision according to how Wakaberry would affect their business chain that they have built up over the years. However, with a big company like Famous Brands it is important that all businesses under their brand are achieving great results with excellent performance. Wakaberry had only become a known brand when it had fallen under Famous Brands.

This was and ethical and professional decision made by Famous Brands as they need to be sure that the business’s under them are able to grow at the pace that is best for Famous Brands to earn as much profit as possible. The ethical theory I would’ve chosen that Famous Brands follows is the utilitarian based theory as such a large company needs to make calculated decisions when having so many businesses under them making sure each business is growing successfully so that they therefore receive a higher profit.

The second article my educator had provided me with is Article 2 and this article speaks on the decrease of unethical behavior in the private sector. The article is about surveys that were provided and filled out by workers and t has shown that there hadn’t been a significant shift in the ethical culture of companies even though many ethics in management had been …show more content…

Management had put more measures in place to promote ethical behaviour in the workplace and this has helped employees not be afraid to stand up for what they believe in and what they feel is right or wrong. This new advances had also helped employees have the confidence in the business as the business is run ethically according to the laws of the country. The bad news they speak of is going to be something we always find in the business as a business with never always acts ethically and therefore you won’t see that significant increase as a whole but separately by each

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