How to run a business-morally as well as practically

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Assignment:

Practise 5: Read the passage below, from a recent Zero Hedge article: What can "broken windows" theory tell us about how to run a business-morally as well as practically? Explain what this theory claims. Be sure to include in your answer something about the interdependence of individuals and community, in the maintenance of virtue.

The following is from a passage: Of course, by now almost everyone knows that ORC stands for "organized retail crime", and it is prompting retailers to permanently shut down stores all over the nation. Right now, retail theft is happening from coast to coast on a scale that we have never seen in our entire history. Marauding bands of looters are barging into stores, grabbing as much merchandise as they can possibly carry, and then loading it into their vehicles. Online marketplaces make it easier than ever to turn stolen goods into cash, and at this point organized retail crime has become a multi-billion-dollar business. As I have repeatedly warned my readers, America is descending into lawlessness. The thin veneer of civilization that we all depend upon on a daily basis is rapidly disappearing, and if we stay on this path our society will soon be completely unrecognizable.

Every year, organized retail crime gets even worse. According to Fox Business, the number of ORC incidents in 2021 was 26.5 percent higher than in 2020...

ORC incidents soared 26.5% on average in 2021, with 81.2% of retailers surveyed reporting "somewhat more" or "much more" ORC-associated aggression and violence year-over-year, according to the survey.

Of course, things are even worse here in 2022, and this is particularly true in states where shoplifting laws are very soft.

For example, in Portland some stores are often victimized "more than once a day"...

Some of the hot items are perfumes and expensive handbags. Often, stores are victimized daily and sometimes more than once a day. A local pastor whose window looks out on the local Nike store says he sees thieves running out of the store with their arms full of stolen stuff all the time. And the excellent KGW-TV story makes the point that this stolen stuff is not to feed hungry children. It is organized theft. The stuff gets sold online and in flea markets.

Needless to say, it is almost impossible to run a profitable business in such an environment, and many store owners are throwing in the towel.

Reference no: EM133330749

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