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Macdonald Had

Walker Robertson & Associates / Apex Investment Services – The Essentials of Business Part 1 – A lectures series by Luke MacDonald

Walker Robertson & Associates / Apex Investment Services - The Essentials of Business Part 1 – A lectures series by Luke MacDonald 

Even though the majority of companies strive to conduct their business ethically it is important to have laws in place as guidelines. Laws protect the customers, employees, society and other businesses from other people’s unethical behaviors. 

Business ethics are similar to laws in that they both are subject to change according to the times. For example, slavery used to be acceptable but now it is not only unethical but also illegal and unconstitutional. When you act unethically, then you goal is to benefit the company without any regard for the effect of this action on other people.  

Even if the majority of companies conduct their business ethically, there is still a need for laws to protect costumers, the environment and other companies.  There are still figures like John Davison Rockefeller, which is an example of why laws need to be in place.  Laws such as antitrust laws keep companies from becoming monopolies, and consumer safety laws ensure that consumers are not harmed or negatively affected by commercial products.  

There are also environmental protection laws that protect the future health and prosperity of our communities, and their environments.  Business ethics and laws act as guidelines of the correct way business should be conducted.  They differ because business ethics are more of a conscious decision or moral judgment, while laws actually enforce the correct behavior of companies and carry consequences for those who do not comply.  

There is always the want, need, and desire to create profits and gain power.  Because of this greed, there is a need for laws.  The laws are there to define what is unethical. 

My wife and I like to watch this show called “American Greed” on CNBC. Last night the show profiled the creator of Enzyte and founder of Berkeley Nutraceuticals, Steven Warshak. According to customers in addition to selling a product that does not produce the promoted results, Mr. Warshak also engaged in a illegal reoccurring billing scheme that milked its customers out of $100 million dollars. Eventually Mr. Warshak and his associates are caught and he is sentenced to 25 years in prison. 

Companies strive to run their business ethically; however it is because of individuals like Mr. Warshak that we have laws in place that protect the consumer. 

The real rub to the Enzyte story is that the product (that according to former customers, does not work) is still being sold today. Another company purchased the rights to market and sell Enzyte. A quick lesson form Enzyte case is that actual product was scrutinized for being ineffective, but Berkeley Nutraceuticals illegal billing scam attracted the attention of four branches of the Justice Department. 

 For more information on the Enzyte Collapse you can view the following link http://www.cnbc.com/id/35988285 

Having good ethics is a reflection on the business and a benefit to the shareholders.  Johnson and Johnson pulling all Tylenol products is a prime example of following ethics no matter the cost.

Having no ethics does just the opposite and has the potential to ruin a business as in the case of Dow Corning’s unethical behavior in the case of silicone implants.  The company had been warned by an engineer previously of the dangers and defects of their products, but out of greed, they did nothing ultimately putting lives at risk. 

There is an Old Italian saying that goes “You have to keep an honest man honest”. Ethics are a moral compass within us designed to steer our path through life.  It is that little voice that says to you “this isn’t right”, even if you cannot pull a law from the books that agrees with you.

 

Luke MacDonald 

Apex Investment Services

 http://www.apexfx.com.au/index.html

 

About the Author

The Alternative Funding Group http://www.fundingyourrehab.com

From more information on how to build commercial credit, please visit our website at http://www.tommckenzie.org

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What are the words to Old Macdonald Had A Funny Turn?!?

I know it’s a really random question but I’ve just started to learn the piano and in my book there is Old MacDonald Had A Funny Turn and I want to know the words because it’s annoying me. I can’t get the piece right because it’s different to the normal version and I can’t work out how it goes if I don’t know the words.
I’m really confused.

Old MacDonald Had A Farm.
E I E I O
And on his farm he had a cow
E I E I O
…

What in the name of Sam Hill’s a Funny Turn

Old MacDonal had a farm

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