Ethics in Business

This site is open to the entire internet community. The objective for this community is to explore the possibilities of establishing the proper balance between businesses making a profit while meeting the needs of the consumer vs. businesses crossing that “invisible line” of being unethical while making a profit.

Questions/Focus Areas:

1) What value system (known as “the invisible line
number1”) should we establish for the marketplace:

a. From the consumer viewpoint
b. From the business prospective
c. From the government and legal system

2) Where does traditional or modern morality come
into play or is there no place for morality in
today’s global society?

3) If the market place has a need for a product or
service, and businesses can fulfill the need,
then businesses have an obligation (known as
the “invisible line 2”) to meet the need of the
consumer. Why is this statement….

a. Correct
b. Partially correct
c. Completely wrong?

4) Who and what defines acceptable profitability/
income levels (known as “the invisible line
number 2”)?

a. For businesses
b. For a household
c. For the government

5) Since some businesses have broken “the investible
line”, who is truly at fault:
a. The government for not monitoring the
products’ risk and rewards to the
marketplace sooner?
b. The consumers for asking for the product or
services without exploring possible risk
and rewards?
c. Those businesses for compromise the well-
being of the consumer?
d. The Businesses’ board of directors for not
inspecting the risks and rewards of the
services being provided to the marketplace?