1. The Oxymoron of Business Ethics
... many times by our professors and parents. The ultimate purpose of business is profit maximization and share holders' value maximization. Profit maximization is the short-term goal of the business no matter if it sells a product or provides a service. Shareholders' value maximization is the long-term goal of ... Utilitarianism ethics. Clear example for this is child labor. Many factories use underage people in order to achieve profit maximization by reducing the expenses on salaries. But this is not a sufficient argument to conclude that business and Utilitarianism ethics are in contrast....
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