"The most effective strategy for a company to use to maintain and increase profits over the long term is to maintain high ethical standards." Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons and/or examples from your own experience, observations or reading.
Maintaining high ethical standards is generally considered a virtue in everyday life, necessary for fulfillment and high-quality relationships with others. In business, however, it is often assumed that companies are shady, perhaps not attempting to maintain an ethical mode of business or even actively taking advantage of those who do. There are definitely at least a few businesses trying to make a good living as well as maintain their values, but the question on potential business owners' minds is this: does it actually pay off?
Some would say that yes, maintaining honesty and transparency in business will encourage customers to be straightforward in their dealings with the company. This is to some degree true. Many people go to small business car mechanics over bigger-business chains because they feel they can trust a mechanic that has been fixing their families' cars for years. That loyalty gives the garage financial stability, and with that stability they can lower their prices or perhaps expand the services they offer. It's at least partially true that maintaining high ethical standards will make business boom.
However, the flip side of that statement is true as well. For every loyal customer at an ethical business, there is another that will take a bargain and run. For example, in my hometown it is known that the local Bed Bath & Beyond will take expired coupons. The more moderate, ethical customers use an expired coupon only if they get to the store and realize that is is expired, while other customers will show up with ten pretending they had not seen the expiration date ahead of time. In addition to shady customers, other businesses might use unethical techniques knowing that an ethical competitor will not follow suit. While it's true that honest business practices keep customers around, it is also a fact that dishonest ones do the same to keep loyal customers from deserting.
The compromise is knowing how to maintain high ethical standards for the company while protecting the company's assets. Too much mercy and customers might start coming in with false sob stories; too stringent and those same customers might start calling the business out as iron-fisted. The point is to be shrewd and not allow the customer or other businesses to take advantage, while maintaining an ethical standard that sits comfortably with executives and employees.
The balance between maintaining high ethical standards and sinking to a shady competitor's level is a difficult one. Business is business, but ethics dictates what individuals do in the physical world too. Increasing profits is a long-term goal for all businesses that want to last, which is why high ethical standards cannot stand on its own as a viable way to keep a business going. However, the same goes for indulging in unethical business: excess in this area will leave employees and employers burnt out and feeling rotten about their business. Balance is key and it is up to each individual business to find theirs.
- "The desire of corporations to maximize profits creates conflict with the general welfare of the nation at large. " 83
- "The most effective strategy for a company to use to maintain and increase profits over the long term is to maintain high ethical standards." Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons 83
Grammar and spelling errors:
Line 3, column 504, Rule ID: IT_IS[6]
Message: Did you mean 'it's' (='it is') instead of 'its' (possessive pronoun)?
Suggestion: It's; It is
...perhaps expand the services they offer. Its at least partially true that maintainin...
^^^
Line 5, column 365, Rule ID: ENGLISH_WORD_REPEAT_RULE
Message: Possible typo: you repeated a word
Suggestion: is
... they get to the store and realize that is is expired, while other customers will sho...
^^^^^
Line 7, column 16, Rule ID: NON_ACTION_CONTINUOUS[3]
Message: The verb know is usually not used with a continuous form, use the simple form instead. Suggestion: 'knows'
Suggestion: knows
...omers from deserting. The compromise is knowing how to maintain high ethical standards ...
^^^^^^^^^^
Line 7, column 16, Rule ID: PROGRESSIVE_VERBS[1]
Message: This verb is normally not used in the progressive form. Try a simple form instead.
...omers from deserting. The compromise is knowing how to maintain high ethical standards ...
^^^^^^^^^^
Discourse Markers used:
['actually', 'also', 'but', 'however', 'if', 'so', 'well', 'while', 'at least', 'for example', 'in addition', 'as well as']
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance in Part of Speech:
Nouns: 0.217472118959 0.240241500013 91% => OK
Verbs: 0.18029739777 0.157235817809 115% => OK
Adjectives: 0.117100371747 0.0880659088768 133% => OK
Adverbs: 0.0557620817844 0.0497285424764 112% => OK
Pronouns: 0.0371747211896 0.0444667217837 84% => OK
Prepositions: 0.102230483271 0.12292977631 83% => OK
Participles: 0.0520446096654 0.0406280797675 128% => OK
Conjunctions: 2.73439524211 2.79330140395 98% => OK
Infinitives: 0.0297397769517 0.030933414821 96% => OK
Particles: 0.00743494423792 0.0016655270985 446% => OK
Determiners: 0.0910780669145 0.0997080785238 91% => OK
Modal_auxiliary: 0.0260223048327 0.0249443105267 104% => OK
WH_determiners: 0.0148698884758 0.0148568991511 100% => OK
Vocabulary words and sentences:
No of characters: 3016.0 2732.02544248 110% => OK
No of words: 494.0 452.878318584 109% => OK
Chars per words: 6.10526315789 6.0361032391 101% => OK
Fourth root words length: 4.71445763274 4.58838876751 103% => OK
words length more than 5 chars: 0.354251012146 0.366273622748 97% => OK
words length more than 6 chars: 0.2995951417 0.280924506359 107% => OK
words length more than 7 chars: 0.226720647773 0.200843997647 113% => OK
words length more than 8 chars: 0.151821862348 0.132149295362 115% => OK
Word Length SD: 2.73439524211 2.79330140395 98% => OK
Unique words: 264.0 219.290929204 120% => OK
Unique words percentage: 0.534412955466 0.48968727796 109% => OK
Word variations: 64.4500016808 55.4138127331 116% => OK
How many sentences: 22.0 20.6194690265 107% => OK
Sentence length: 22.4545454545 23.380412469 96% => OK
Sentence length SD: 48.6458996599 59.4972553346 82% => OK
Chars per sentence: 137.090909091 141.124799967 97% => OK
Words per sentence: 22.4545454545 23.380412469 96% => OK
Discourse Markers: 0.545454545455 0.674092028746 81% => OK
Paragraphs: 5.0 4.94800884956 101% => OK
Language errors: 4.0 5.21349557522 77% => OK
Readability: 52.4140596246 51.4728631049 102% => OK
Elegance: 1.36054421769 1.64882698954 83% => OK
Coherence and Cohesion:
Essay topic to essay body coherence: 0.374424680971 0.391690518653 96% => OK
Sentence sentence coherence: 0.0905616577144 0.123202303941 74% => OK
Sentence sentence coherence SD: 0.055649144822 0.077325440228 72% => OK
Sentence paragraph coherence: 0.503539249167 0.547984918172 92% => OK
Sentence paragraph coherence SD: 0.100277348552 0.149214159877 67% => OK
Sentence topic coherence: 0.147959592656 0.161403998019 92% => OK
Sentence topic coherence SD: 0.0888676696392 0.0892212321368 100% => OK
Paragraph paragraph coherence: 0.356809231025 0.385218514788 93% => OK
Paragraph paragraph coherence SD: 0.0612641306753 0.0692045440612 89% => OK
Paragraph topic coherence: 0.26611558188 0.275328986314 97% => OK
Paragraph topic coherence SD: 0.070395446157 0.0653680567796 108% => OK
Task Achievement:
Sentences with positive sentiment : 17.0 10.4325221239 163% => OK
Sentences with negative sentiment : 1.0 5.30420353982 19% => More negative sentences wanted.
Sentences with neutral sentiment: 4.0 4.88274336283 82% => OK
Positive topic words: 12.0 7.22455752212 166% => OK
Negative topic words: 1.0 3.66592920354 27% => More negative topic words wanted.
Neutral topic words: 2.0 2.70907079646 74% => OK
Total topic words: 15.0 13.5995575221 110% => OK
What are sentences with positive/Negative/neutral sentiment?
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Rates: 83.33 out of 100
Scores by essay e-grader: 5.0 Out of 6
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Note: This is not the final score. The e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.