Inherent Conflict, Deceptive Advertising, Work Environment, and Shape of Business Ethics

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1 Inherent conflict between the need to make profits and the responsibility to conduct business in an ethical manner
It is significant to ascertain that profit remains the end product of a business entity, an element that can be achieved through an ethical means. According to the article provided, the goal of achieving profits has always been conflicted with ethical practices especially in the field of journalism, an aspect that results in a conflict of interest based in business decision-making(Abela& Murphy, 2008). In this case, it is essential to establish that business organizations have the primary goal of making profits. However, this goals need to adhere to the moral and social obligations in achieving profits, an aspect that depicts the need for ethics in business.
As detailed in the article, the primary reasons for conflicts of interest can be viewed in an instance where individuals are incapacitated to determine the choice of whether to advance their interests or to consider the views of those who depend on them(Abela& Murphy, 2008). The author depicts the need for a fair and balanced value in journalists even when different elements overwhelm values, especially in a case where the interests of individuals outweigh those of the news organization owners that result out of conflicting values on fairness. As a marketing executive, some of the essential ethical frameworks to choose in order to avoid the contrast of interest include the inclusion of fairness and vale in business.
2 Areas of unethical or deceptive advertising and its Examples
Marketing ethics entails approaches aimed at making moral impermissible approaches in marketing goods to vulnerable populations in a manner that does not take advantage of their vulnerability. Unethical and deceptive marketing is considered as a false and illegal approach to marketing that offend the moral principles of marketing as a result of human conduct (Palmer &Hedberg, 2013). An example of this can be seen in the pitching of products and services that the market does not need due to their harmful nature such as cigarettes, diet pills and beauty creams. This approach to marketing remains unethical since the marketers infiltrates the market with products that are harmful (Palmer & Hedberg, 2013). In order to improve the unethical and deceptive marketing approaches, it is essential for an organization to inclusively initiate a subliminal marketing approach that ensures the top spot of unethical marketing is initiated.
3 Definition of Corporate Social Responsibility
Corporate Social Responsibility entails an organizations attempt aimed at impacting decisions and activities aimed at enhancing the environment and society, through the inclusion of ethical and transparent behaviors that result in sustainable development(Palmer & Hedberg, 2013). In this case, it is essential to consider that the reputation of an organization lies in its involvement in CRS since this initiates and depicts the organizations commitment aimed at promoting the environment and the welfare of the community that it sells its products to.
4 Compliance Obligations and the Relevant Agencies That Banks Report To
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