Ethical Issues Present in the Distilled Spirits Industry

Introduction Accounting for over $120 billion of economic activity in 2010, the distilled spirits industry is a prominent piece of the beverage industry as a whole. The alcohol industry is growing rapidly in foreign markets, especially in countries such as China and Brazil. In the United States alone, this industry generates over 3.9 million jobs and contributed about $8.8 billion directly to state and local revenues (The Industry’s Role section, para. 1). Team TOTs will discuss the ethical issues that are prevalent in the distilled spirits industry, pressures facing the industry as well as investment policy recommendations that VTF should follow. Ethical Issues The challenges the distilled spirits industry face fall under two main categories, health and advertising. According to the National Institute on Alcohol Abuse and Addiction, the use of alcohol is the â€Å"third leading preventable cause of death† in the US (2014). The Centers for Disease Control and Prevention states that heavy alcohol abuse can lead to a number of health issues, including cardiovascular, neurological, psychiatric, and social problems, as well as cancer, liver disease, and sometimes death (2014). In addition to the consequences to consumers’ health and wellbeing, the industry must also manage the challenge of responsible marketing. Underage drinking is a serious, prominent issue in the US. Out of the 80,000 people who die each year from alcohol-related causes, 5,000 minors die from as a result ofShow MoreRelatedMarketing Campaign : Skyy Spirits Llc3877 Words   |  16 PagesSince its creation and foundation in 1992, Skyy Spirits LLC has entered the m arket full force and like no other premium vodka seller before. (Macgilchrist, 2006) Even though the distilled spirits industry was and continues to be one of the most competitive brand battles, Skyy has managed to attain growing praise for their products. As vodka accounts for almost a quarter of all distilled spirit sales, and despite the predicted decline in sales due to the mature nature of its market, the opportunityRead MoreEthics in Alcohol Advertising3960 Words   |  16 Pagesof both consumers and the organization. But the key issue here is that commercial freedoms need to be balanced against consumer’s safety and well-being. The field of marketing is undeniably that’s which raises the most controversies when it comes to the question of ethics. For instance, our economic system has become more effective at catering consumer needs and wants, therefore, there is an increase focus on organisations adhering to ethical values rather than merely providing products. There areRead MoreEssay about Sin Taxes5069 Words   |  21 Pagesto raise revenue and accomplish policy outcomes. Common goods and services targeted by sin taxes include; tobacco, alcohol, fuel, hazardous chemicals, gambling, prostitution, pornography, and unhealthy foods. 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Trophies A Symbol Of Victory, Not Participation

Trophies: A Symbol of Victory, Not Participation Should children receive participation trophies? The issue of whether or not participation trophies should be given to both winners and losers has become very prominent in today’s society. People argue that it â€Å"creates a nation of wimps† (Priceman) by making all feel equal and taking out competition. Others debate for the same side but for different reasons such as how it makes children have low self-esteem or become narcissistic. On the other side of the spectrum people argue that participation trophies aren’t bad at all and that it gives children a sense of accomplishment. Priceman argues that it is alright to give children participation trophies while Merryman and Berdan argue that it is not; I agree with Merryman and Berdan in the assertion that children, if they lose, should not be given trophies. In Ashley Merryman’s article, â€Å"Forget Trophies, Let Kids Know it’s O.K. to Lose,† she claims that children who lose do not deserve participation trophies. She states that children need to know it is alright to fail and make mistakes because that is how they learn lessons the most. She addresses an issue that children need trophies to boost their self-esteem but backs her argument that children either become narcissistic or have even less self-esteem because they believe they can’t live up to their own hype. 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Rock Music Influence Young People free essay sample

It helped me deal with my depression and come out of it my confiding in others who liked the same music as me. Heavy metal bands such as Metallic, Disturbed, and Megalith sing about REAL problems that people go through such as depression and suicide, which are subjects most people dont like to face which is why that genre Isnt accepted by most people which is very upsetting.You should look up the video or Inside The Fire by Disturbed, Its extremely graphic but its real, which Is why Its my favorite music video. In The Day That Never Comes by Metallic they sing about the war, thats another great video. In my opinion a lot rock music Is much more meaningful the much of the mainstream stuff. Now I dont mean to say all mainstream stuff has no meaning or value to It, I Like both that and rock, but Its Just my pollen and analysis. We will write a custom essay sample on Rock Music Influence Young People or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I dont think rock music will Influence young people In a bad way as such, and to be honest and Hip Hop are more likely to influence people in such a way. But its each to their own and people should be allowed to listen to what they want without restrictions such as different influences 🙂 The day that never comes is a great song about a real problem in the world (one of the posts below mentions it), One by Metallic is also a great song and possibly one of my favorite songs. Rock Music Influence Young People free essay sample It helped me deal with my depression and come out of it my confiding in others who liked the same music as me. Heavy metal bands such as Metallic, Disturbed, and Megalith sing about REAL problems that people go through such as depression and suicide, which are subjects most people dont like to face which is why that genre isnt accepted by most people which is very upsetting.You should look up the video for Inside The Fire by Disturbed, its extremely graphic but its real, which is why its my favorite music video. In The Day That Never Comes by Metallic they sing about the war, thats another great video. In my opinion a lot rock music is much more meaningful the much of the mainstream stuff. Now dont mean to say all mainstream stuff has no meaning or value to it, I like both that and rock, but its just my opinion and analysis. We will write a custom essay sample on Rock Music Influence Young People or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Onto think rock music will influence young people in a bad way as such, and o be honest and Hip Hop are more likely to influence people in such a way.