The financial services industry is one that can have many different focuses. How financial services firms market, compete, and work together will be the focus of the blog. In the business to business line of financial services, we will discover the ethical implications when conducting business, as well as, its impact to all those involved. Furthermore, as we move forward, we will consider various ethical theories we learned from the class, and apply them to the real-life examples that are discovered in the financial services industry, when applicable.
Within this industry there are, banks, credit unions, payday loan companies, insurance and many individual investment firms
Stakeholders in the industry include but are not limited to:
Type 1: Those involved directly: Owners, directors, managers, and employees
Type 2: Those who monitor the business: Shareholders, customers, competitors, and society at large.
Type 3: Those who do not support the business and who we have to defend our ideas to: Government and Media
Type 4: Those who we can collaborate with: Lenders and creditors, suppliers, and insurance companies.
Financial Services Business to Business 