Search Helium

Home > Business > Business Issues

Should large companies maintain high ethical standards?

Results so far:

Yes
91% 187 votes Total: 206 votes
No
9% 19 votes

by Lance Naismith

Created on: June 22, 2008   Last Updated: June 23, 2008

When you walk into a local store - not one of the big chains but, a store established by someone who lives and works in the community, it is usually a store that relies on word of mouth advertising, not TV, radio, newspaper and billboard ads. The kind of place your friend sends you. For them, ethics is a big element in their working philosophy. Relying on word-of-mouth advertising requires a business person to ensure high customer satisfaction and a great part of this is how they deal with problems in an ethical manner.

But when a company gets to a certain size where TV, radio, magazine and newspaper ads are very much in their methodology to attract new customers, do they need to worry about the occasional customer complaint? Can their size and advertising budget quash any consumer concerns? Can they lower their ethics to maximize their profit?

I know of two companies that have used unethical practices to further their business situation and the facts to prove it. What you are about to read is FACT, undisputed and on record and therefore all the worse for it actually happening.

Mattamy Homes, a large house building corporation has made a North American reputation for building quality homes. Yes, I must say most of their homes are built in a professional manner. They are even advancing forward thinking assembly line construction in large factories on-site. But, they sold a house without electrical power. They even illegally (code) wired the furnace to an unoccupied house next door and had a Town of Oakville inspector pass this, even though his director is on file stating they would not issue an occupancy permit to a house in such condition.

Why did they do this? Can it be that without the furnace working, they could not legally close the sale? Would you consider this an ethical way to do business? But then, Mattamy Homes has a large advertising budget and they donate millions to Town of Oakville projects and to other jurisdictions. They supply free bus service in the Town of Milton. Now, how does one fight city hall and Mattamy Homes when faced with this type of business practice? You don't and both know that if they keep quiet, this kind of problem drifts away. Poor ethics win.

Now, Ford Motor Company has built an advertised reputation for quality and customer care. Did you know that they built F150 trucks with a built in problem of leaking front windows? They built a certain number of these trucks without properly sealing the window. Over time (usually after

125667

Featured Partner

Life in the Bible Institute

The Life in the Bible Institute's mission is to educate the general public about the value and importance of reading the Bible and using it as the primary textbook for knowledge and study. Its purpose is to broaden perspective of the Bib...more


CONNECT WITH US

Read
our blog
Helum for writers

Write and get published
Share with other writers
Polish your freelancing skills

Join our active writing community
Helium Content Source for Publishers

Quality articles from proven freelancers
Exclusive rights, fast turnaround
Brand engagement, business blogging -- our writers do it all

Get custom content today!

INFORMATION


Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA