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Alcohol Industry Ethics

563 Words3 Pages

Ever since the liberation of trade and trading approaches, there is an increasing skewed perception of the public towards the industries as unequal. While several laws ranging from local, national and international standing have been formulated to govern trading. A vast number of industries find themselves going against them with the argument that they are at liberty to operate as they wish. That is as long as they are within the ethical principles.
The alcohol industry is a crucial sector that needs to work within all the set rules and regulations to avoid poisoning people given the category is foods and beverages. Since companies in the alcohol industry are competing to win over customers, they produce products, believed will catch …show more content…

The consumer may be tempted to try out a new product in the market whose alcoholic content is high or one with certain ingredients that are harmful to their health.
The consumers have the right to sue the brewing company whose products pose health implications. Since the people who purchase do not take part in the manufacturing process, anything that cause wrong during the consumption, the industries should carry the blame
(Schaller, 2010). Therefore, the company concerned an ethical obligation to make sure any product released into the market is safe for human consumption. Any side effect the product may cause should be labeled clearly on the outer cover as a warning to all persons. Failure to meet the ethical principles, a company, faces being sued in a court of law, its license canceled or recalled and barred from transacting any activity with the public.
Capitalism plays an important role in corporate decision-making as it ensures that industries meet their goals of profit maximization but not at the expense of the consumers. Public capitalism requires that corporate executives do not make a decision on grounds of exclusive profit aspect but should focus on profit making as a factor in enhancing the public good.

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