Tham khảo tài liệu 'writing skills gre gmat phần 10', ngoại ngữ, ngữ pháp tiếng anh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | products are manufactured and assembled bv the lower-cost Asian and Central American- labor force a legion for whom tile alternative is unemployment and poverty. In these cases producing lower-quality products does not waste human resources to the contrary it creates productive jobs. In the final analysis cost-cutting production methods benefit consumers both in the short term through lower prices and in the long run by way of economic Vitalin and increased competition. The claim that producing low-quality products wastes natural and human resources is specious at best. Issue No. 110 Ethical Standards and Successful Business Leadership In asserting that the most successful business leaders are the ones that follow die highest ethicahstandards the speaker raises some very complex questions about a business leader s fiduciary duties to the firm s stakeholders vis-a-vis the leader s social obligations. Ultimately however the answer turns on whether a business leader can recognize when self-interest aligns with social wetfare as discussed below. One way to define the success of a business leader is simply in terms of the profits or losses of the leader s firm. Proponents of this definition also tend to believe that by maximizing profits ar least within legal and regulatory boundaries a business leader fulfills his or her highest ethical obligation per se. However if we accept these simple notions of business success and ethics as man people do then the speaker s assertion amounts to a meaningless tautology. Besides a certain contrary view suggests that both notions rely on overly narrow ideas about business success and how to achieve it. . -- According to this broader contrary view business leaders by virtue of the power they enjoy owe certain social obligations to the communin and the society that grants them that power in the first place. Such obligations often go beyond legal ones and include among other duties a duty to conduct business in a manner that avoids .
