Tag: Business Ethics
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Eat Your Own Dogfood
In the practice known as dogfooding, or “eating your own dog food,” companies employ their own products internally, a method that aids in continuous product improvement and demonstrates a firm belief in their quality.
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DARVO
Originating in the 1990s from Dr. Jennifer J. Freyd’s studies, DARVO encapsulates a sequence: Deny, Attack, and Reverse Victim and Offender. This framework describes how those facing accusations often evade responsibility, challenge their accusers, and recast themselves as the wronged party.
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Negative Externalities
Economic activities can impose unaccounted-for costs on society, known as negative externalities. These inefficiencies often lead to government interventions and have widespread implications, affecting issues as significant as climate change and public health.
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Rent-Seeking
Rent-seeking is when someone tries to get a larger slice of the wealth pie, instead of making the pie bigger. It can lead to unfair advantages and slow economic growth. It’s hard to distinguish from normal business, impacts innovation, and can create income inequality, especially in countries with weak governance.