Business Law/ 10:A.M
The term ethic(s) can be defined as a set of morals or principles that govern a person or individual group's behavior. In this case the group is a business, a barber shop to be exact, owned by Otha D. White. Conducting a business can be a very treacherous journey, not just for the owner, but for its employees and customers. Multiple factors should be determined when it comes to making executive business decisions in the barber shop such as: examining ethical issues and deciding a course of action, comparing ethical perspectives that could yield diverse results and interactions with the legal system. Running a barber shop is a difficult task, but the provisions are priceless.
There can be many ethical issues in a business by means of advertising, suppliers and pricing. For example advertising can be a very tricky thing to evaluate if you're a customer.
Some commercials and posters can be very straight-forward and others can have information left out or even not enough information to unscrupulously persuade a customer to buy a product. That situation mentioned above is an ethical issue because one might defend that advertising should be one hundred percent true and sales or business come from effectively pitching a product to the customer. On the flip side, one might argue that sales come from manipulation and scheming. This issue returns to the mind-state of the employee/employer and what their specific views are in certain situations.
Ethical issues are closely related to ethical perspectives. Generally, ethical perspectives are moral views pertaining to what is right and wrong in conducting business. These perspectives can be classified into Obligation, Character, Results or Equity. If your employees have different views on certain issues, results in customer satisfaction are definitely going to vary.