In the UK, ethical businesses are not as successful as less ethical Essay

In the UK, ethical businesses are not as successful as less ethical businesses. Discuss - Essay Example Despite emphasis on ethical business operation in U.K, it has not been consummated to a successful enterprise. Firstly, unethical businesses operate on no moral obligation and thus commonly engage in hoarding of commodities and price manipulation irrespective of the set price standards. Pavelin & Porter (2008. p. 720) admits that â€Å"due to use of dubious means, they often have supernormal profits and their businesses have significantly grown its market share†. While ethical businesses such as Marks and Spencer remain committed in fair price mechanisms, unethical businesses would create artificial shortages and make supernormal profits to the disadvantage of the consumers. Ethics emphasizes on the distinction of wrong and right and unscrupulous businesses have the least concern on morals, their main goal is profits on returns. Secondly, operating ethical businesses in U.K requires compliance to bureaucratic laws and policies. For instance, a business should seek approval by obtaining an up to date operation license. Besides, â€Å"for food industries they must comply with Food and Drug Association (FDA) besides an additional medical certificate of all staff handling food items† (Aras 2012 p.177). It, therefore, provides for a lengthy process that requires time and money. While compliance will create additional time to start and operate a business, non-ethical businesses operations commences almost immediately because they often navigate around requirements. In addition, ethical businesses operate on honest as a fundamental pillar. They, therefore, ensure compliance to stringent taxation requirements. They ensure that there is â€Å"undoubted level of accuracy in the amount of tax remitted to the government tax authority† (Moore 2009 p.183). However, unethical businesses are skeptical on tax payment and often remit fewer taxes than the actual amounts needed. Although they employ an immoral approach in tax evasion, these unethical