BUSINESS ETHICS/ETHICS IN

THE FASHION INDUSTRY

STEPANOVA V.
ПА 17-20
WHAT IS BUSINESS ETHICS?
BUSINESS ETHICS IS THE STUDY OF APPROPRIATE BUSINESS POLICIES AND PRACTICES
REGARDING POTENTIALLY CONTROVERSIAL SUBJECTS INCLUDING CORPORATE
GOVERNANCE, INSIDER TRADING, BRIBERY, DISCRIMINATION, CORPORATE SOCIAL
RESPONSIBILITY, AND FIDUCIARY RESPONSIBILITIES. THE LAW OFTEN GUIDES 
BUSINESS ETHICS, BUT AT OTHER TIMES BUSINESS ETHICS PROVIDE A BASIC GUIDELINE
THAT BUSINESSES CAN CHOOSE TO FOLLOW TO GAIN PUBLIC APPROVAL.

BUSINESS ETHICS ENSURE THAT A CERTAIN BASIC LEVEL OF TRUST EXISTS BETWEEN
CONSUMERS AND VARIOUS FORMS OF MARKET PARTICIPANTS WITH BUSINESSES.
FOR EXAMPLE, A PORTFOLIO MANAGER MUST GIVE THE SAME CONSIDERATION TO
THE PORTFOLIOS OF FAMILY MEMBERS AND SMALL INDIVIDUAL INVESTORS. THESE
KINDS OF PRACTICES ENSURE THE PUBLIC RECEIVES FAIR TREATMENT.
EXAMPLES OF BUSINESS ETHICS:
FOR EXAMPLE, COMPANY XYZ SELLS CEREALS WITH ALL-NATURAL
INGREDIENTS. THE MARKETING DEPARTMENT WANTS TO USE THE ALL-NATURAL
INGREDIENTS AS A SELLING POINT, BUT IT MUST TEMPER ENTHUSIASM FOR THE
PRODUCT VERSUS THE LAWS THAT GOVERN LABELING PRACTICES.
SOME COMPETITORS' ADVERTISEMENTS TOUT HIGH-FIBER CEREALS THAT HAVE
THE POTENTIAL TO REDUCE THE RISK OF SOME TYPES OF CANCER. THE CEREAL
COMPANY IN QUESTION WANTS TO GAIN MORE MARKET SHARE, BUT THE
MARKETING DEPARTMENT CANNOT MAKE DUBIOUS HEALTH CLAIMS ON CEREAL
BOXES WITHOUT THE RISK OF LITIGATION AND FINES. EVEN THOUGH
COMPETITORS WITH LARGER MARKET SHARES OF THE CEREAL INDUSTRY USE
SHADY LABELING PRACTICES, THAT DOESN'T MEAN EVERY MANUFACTURER
SHOULD ENGAGE IN UNETHICAL BEHAVIOR.
Business ethics concerns ethical dilemmas or controversial issues faced by a company.
Often, business ethics involve a system of practices and procedures that help build trust
with the consumer. On one level, some business ethics are embedded in the law, such as
minimum wage, insider trading restrictions, and environmental regulations. On the other
hand, business ethics can be influenced by management behavior, with wide-ranging
effects across the company.
 Ethics in the Fashion
Industry

Ethics in the fashion and modeling industry has many branches such as body
image issues, cultural influences and issues caused by advertising. These
three things connect perfectly since those issues start when models are not
liked by their body type, for example being too thin or being overweight.
Others by not having a perfect skin tone, meaning white or black. It has been
a problem that has been going on over the years and no one will ever be
happy with the results in the end. 
Adding diversity is a very interesting
thing that people are doing
nowadays. If you follow the trends
on social media you know that it is
something on fire right now. Back in
the days, people were always
criticized about being overweight
and it damaged many. It even caused
terrible things to happen, for
example; eating disorders or other
mental health issues that could lead
to suicide. Nowadays, a very
trending topic is adding diversity and In conclusion, the ethics in the fashion and modeling industry
everyone accepting people as they has been wrong over many years. People are not accepted by
the way they are and they have to fit a specific standard. It is
are, which is amazing. 
wrong to criticize others by the way they are born, since not
everyone is perfect. People should follow the standards of the
philosophers when they talk about not everyone being
comfortable with what they see, and that is okay. It is not your
body to criticize others, nor should you follow trends to feel
comfortable in your own skin. 
THANK YOU FOR
ATTENTION !

STEPANOVA V.