Care Ethics is a useful philosophical principle to apply in a business setting. Care Ethics focuses on interpersonal relationships among people. One must care for others, respond emphatically to their concerns, needs and maintain relationships. Moral judgements are based around feelings of empathy and compassion towards others. Care ethics maintains that interpersonal relationships be prioritized over all else (Friedman and Bolte, 82-84). The principles of Care Ethics are well suited in the business realm because the fundamentals of business involve people and relationships. Adhering to the principles of care ethics will allow for a company to attract top talent and foster customer and brand loyalty. While implementing Care Ethics may be initially
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An emphasis on interpersonal relationships from the internal perspective has far reaching impacts on a corporation’s bottom line: profits. Firstly, applicants are drawn towards those companies and thus a company can be quite selective in its hiring process, only selecting top talent. Top talent of an industry will produce a higher caliber of work and preclude increased profits. Secondly, a company can emphasize corporate culture and truly find the right “fit” for the corporation. Once employees are hired addressing their needs and concerns will reduce employee turnover. A reduction in employee turnover drastically decreases the costs or re-hiring and re-training new employees after older employees have quit, thus saving money for the company. The same fundamental outcome reins true when adopting care ethics from the customer side perspective. The use of care ethics from a customer perspective cultivates brand and customer loyalty, leading to sustained and increased profits in the long run because the customers will be loyal. They will continue to purchase the goods or services the company provides, yielding high profits. Intuitively, a company can also save money on marketing because their customers are passionate about the company, thus sharing their experience with their friends, family and social circle. This bring increased revenue for the company. Overall, Care Ethics is a proven best practice and well suited in the business realm because it generates a high return on
An emphasis on interpersonal relationships from the internal perspective has far reaching impacts on a corporation’s bottom line: profits. Firstly, applicants are drawn towards those companies and thus a company can be quite selective in its hiring process, only selecting top talent. Top talent of an industry will produce a higher caliber of work and preclude increased profits. Secondly, a company can emphasize corporate culture and truly find the right “fit” for the corporation. Once employees are hired addressing their needs and concerns will reduce employee turnover. A reduction in employee turnover drastically decreases the costs or re-hiring and re-training new employees after older employees have quit, thus saving money for the company. The same fundamental outcome reins true when adopting care ethics from the customer side perspective. The use of care ethics from a customer perspective cultivates brand and customer loyalty, leading to sustained and increased profits in the long run because the customers will be loyal. They will continue to purchase the goods or services the company provides, yielding high profits. Intuitively, a company can also save money on marketing because their customers are passionate about the company, thus sharing their experience with their friends, family and social circle. This bring increased revenue for the company. Overall, Care Ethics is a proven best practice and well suited in the business realm because it generates a high return on