Monday, September 17, 2012

Chapter 3 Ethics & Social Responsibility

Ethics and Business should really be never used in the same sentence, since to much about business have anything to do with ethics. Entrepreneurs do not open up businesses in order to be ethical or improve the society, at least it is not their main goal. The number one priority is to make money and earn great profits, then everything else comes as a second priority.

UFC is no different from any other company. They hold events at cities and countries which will have a sold out arena. They also match up the fights that not only fans want to see but the ones that fans will spend $60 to watch the pay-per-view. If one of the challengers deserves a shot at the championship belt but fights very safe and boring, he is not guaranteed a title shot. and the other less qualified fighter who puts on a show and fights like a gladiator will have more chance to face the champ and earn more money.

However, there are plenty of great ethical  effects that are caused by UFC towards society, and their employees, the fighters. For example, Anderson Silva (pictured on the right) came from a very poverty stricken part of Brazil, yet thanks to UFC and his unnatural ability to knock people's heads off he is making over few million dollars per fight, not including the endorsements from Burger King and Nike. Such big companies haven't sponsored any fighters outside of UFC yet.

The events take place in cities and towns who are positively affected by the fight night. The revenues of the shops withing vicinity of the stadium go through the roof within a few days of each event.

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