WEEK 3

(image from: http://www.webgreeter.com/wp-content/uploads/2011/10/Business-Ethics1.jpg)

        For this week, the class was able to learn more about Ethics and Business. It was very interesting to know how it can affect a business. An example that we discussed was SM Supermalls. I agree with the opinions that SM needs to improve or change their system in contractual employees. There are a lot of people who need permanent jobs and if they would apply and get accepted in SM, they would just be given a job for probably six months. After their contract ends, they are not secured they need to find a new job again. 

        The class was assigned to answer an activity called the Rokeach Value Survey about terminal and instrumental values. Each of us ranked the statements according to our personal hierarchy and compared it with our groupmates afterwards. The groups came up with a list of the most common values that we ranked highest and the common values were family security and responsible. I think that this activity is very helpful because we are able to discover the values that we prioritize. Through the activity, we were able to know ourselves more and discover more about other people. In the future, we could refer to the ranking that we did because it shows how people value the different aspects of life and could serve as a guide in making decisions.

       Giving back is one of the most important things in Corporate Social Responsibility and the class was able to discuss this topic for the week. One example given was Merck Company who discovered a cure (medicine) for the River Blindness disease. The company offers free distribution of the medicines since most of the people could not afford it. However, by giving the medicines, there would be a lot of advantages to it. First would be the value of giving back, the company would be able to help the people be cured from the sickness and they would be healthier. Second, the company would be more known since they have a good reputation because people would know that they also have good corporate social responsibility. Last would be the larger market of their brand, if the people who were given the free drug would likely patronize the brand and there would be more awareness. Giving back is something important for me, I think that businesses today are more aware about the things that they could do to give back. I would try to help other people through the products or services that I would provide.