The Caux Round Table is a set of ethical business principals (seven in total) that have been accumulated over time (beginning in the 1990’s). These principals, organized by a council of businessmen, create a clear visual of what it means to run a morally sound business. It holds companies worldwide responsible for improving the social and environmental atmosphere of the workplace. It sets a foundation for honorable employee norms that is believed to be the basis of all ethically sound choices. In application it provides good risk management for businesses. It is believed that if followed, ethical behavior can be measured, and the economy and its people will succeed. The three practices that I believe are most important are principal two, four and seven.…show more content… To me this means that the wealth of a company should not be at the cost of society. It means that success is a mutual ground between the two, where society should benefit from the growth of the company. It states that the business is only as successful as its involvement in society. The company Whole Foods exemplifies this principal well with their involvement in the local community. They get most of their in store produce from locally operated farms and businesses which creates job and constant employment for citizens nearby. Trough local produce loans program the company lends money to small, local, independent producers to help them expand their businesses. This breeds growth within small communities. They also have give back days where they provide 5% of their earnings that day to a local cause. Whole Foods contributes their success to their local customers and because of this they do their best to support the growth of the
