Essay On Business Ethics

Essay on Business Ethics
Business Ethics
An Informative Report for Owners, Managers and Leaders of Organisations in Emerging Markets
Table of Contents
1.Executive Summary3 2.Introduction4 3.Approach and Methodology5 4.What is Business Ethics?5 5.Why is Business Ethics Important?6 6.The
Approach to Business Ethics7 7.Conclusion8 8.References9
1. Executive Summary
There are many factors to consider when a company does business with another. Many global businesses give very little regard to one of the most
important aspects. There emphasis is making money and profit.
There is nothing wrong with making money and profit, but the manner in which you make it raises the questions of "Business Ethics."
Business...show more content...
Together this report provides guidelines to support owners, managers and leaders of organisations to establish moral values, principles and standards,
which will address the diversity amongst individuals within the organisation to function as a team.
My focus is primarily directed to the importance of maintaining a business ethical environment and the approach organisations need to carry out in the
21st century when dealing with its partners, society, communities and customers.
The approach and methodology is to summarise the content of my findings and identify the tools you will need to establish a business ethical
environment for your organisation.
4. What is Business Ethics?

Business ethics, not only in South Africa, but all over the world has become an important part in the global market. Foreign countries no longer look at
rational organisational structures only, but instead concentrate on emotional values such as staff motivation, behaviour and attitudes.
Many businesses over the years have received a bad reputation just for being operational. This is why so many organisations place emphasis on
business ethical codes of conduct.
Business ethics can therefore be defined as the morals, values, principles and standards of the organisation or the behaviour of the business in its daily
conduct with the outside world. For
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Essay about Business Ethics
What is ethics? Ethics can be defined as a set of principles used by an individual to govern his or her decisions in an effort to ensure fairness and
equality. Business ethics, as defined by the Stanford Encyclopedia of Philosophy is the applied ethics discipline that addresses the moral features of
commercial activity. The same source also gives a history of business ethics which states that the concept as an academic principle is relatively
young–only about forty years old; but in general is as old as trade itself. In this paper, the following aspects of ethics will be discussed: Ethical issues
faced in business; recent trends in business ethics; international considerations in business ethics; quantitative techniques and ethics....show more
content...
As such, business people go to great lengths to protect the company's ideas; even going so far as to require employees to sign confidentiality
agreements. If an employee gives out confidential information, whether voluntarily or involuntarily, it has the potential to set the company back and
cause them to lose money.
According to Miranda Morley in her article titled 'What Are the Major Ethical Issues Businesses Face?' Other issues faced are employee behavior,
employee work conditions and supplier/customer relations. If, for example, a supervisor discriminated against an employee because off race,
religion or gender it would be deemed unethical. It may also be seen as unethical for an employee to spend company time doing personal activities.
In respect to employee work conditions, it is unethical for employers to subject employees to unsafe work areas; to not compensate employees
adequately for the work done; or to require an employee to do an unusually difficult task or work unusually long hours. With regard to supplier
/customer relations, business owners must consider whether it is ethical to do business with a supplier that has unethical practices. For example a
clothing store must decide if they will continue to do business with a supplier who utilizes child labor. Businesses must also ensure that they do not
falsely advertise products or services or produce anything sub–standard for clients.
Recent Trends in Business

Sabeel Rehman
Business Ethics
10/12/13
Case Study
What are the ethical and legal issues at stake in this scenario?
A: Karl has to deal with some ethical and possibly legal issues in the marketing of his game "Breakaway". It is an issue ethically simply because he
himself has to find out it is suitable to market a game that primarily gives its focus on nudity, violence, and gambling. When it comes to legal issues, is
it legal to market these things in foreign countries and on the Internet? This is what he needs come to reality with and needs to think about. If they have
the ability to market this game in other countries, then they would have to change different parts of the game for the countries that Will has looked into
...show more content...
I mean I know it would be my responsibility. But, there needs to be a limit. Gambling is apart of society in America. Any time there is an opening
in a shopping plaza a gambling place opens up. To me that shouldn't be the case, because then it can have a lot of people come in and, a lot of times
lose money. It's a good idea and a great way to generate revenue for the company itself, but bad for people who have a bad habit of gambling.
Violence is getting worse as well. Today the world is turning into a monkey see monkey do society. There a lot of causes of this such as, video games
being played, the things people see on TV or actually see in person. It's actually getting more dangerous. With the media promoting more and more on
what's happening in violence. And no justice is being done about it; it's letting the young youth have permission towards exactly what they're doing.
Which isn't a good sign.
Is marketing sex, violence, and gambling acceptable in other countries if these things do not conflict with local cultures?
A: Unfortanently yes it is. For example look at the continent of Europe. The have a red light district system where it is legal to advertise sex in
windows. There are streets alone that are dedicated to prostitutes legally if you are age. I don't think gambling and violence is acceptable. Because
they're more strict and secure on that category. But I rather find it odd that there strict on those things but not nudity. I mean I have a feeling it

The Importance of Ethics in Business Essay
Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific
conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in
regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be
done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.
Personal ethics are something that everyone has, but ones deeds decide whether the choices are the right ones or the wrong ones. Prior to World War
II society as a...show more content...
Codes of conduct are policies including rules such as maintaining honesty, attitude, and respect (Traveler, 2009) for co–workers, the organization and
customers. Only by separation of personal ethical choices in the work place, will an organization succeed and flourish. It is never appropriate for any
employee, management or otherwise, to conduct business for personal gain. The people who become harmed lose trust, confidence, and the expectation
of themselves and of the people who chose to put their personal ethical choice before the needs of the customer and business.
National Business Laws
Conducting business in the United States is regulated by different types of laws. The definition of business law, also known as commercial law, is the
governing of transactions between business entities. These include all aspects such as advertising, collection, banking, contracts, and trade in general
(Legal–Dictonary.com, 2011). Business laws consist of federal, state, and local laws that all organizations small or large must abide by. Federal laws
are comprised to include industry laws and regulations, employment and labor laws, handling of legal concerns, and understanding fair practice
(SBA.gov, 2011). State laws vary depending on which state the company operates from, and the type of industry. State laws affect all corporations
from banks to health care, mortgage companies to retail. Local laws are specific to the town or city the business

Case Study On Business Ethics
Course
Date
Student's Name
Institution
Case Study on Business Ethics
Introduction
Ethics describes combination of values that guide the behavior and conduct of persons or entities. It facilitates them to distinguish between wrong and
right, good and bad, what can be or should be done and what cannot and should not be done. Business contracts are lawfully binding. However, they are
effectual with a robust ethical framework where parties observe and satisfy their contractual responsibilities. An efficient operative economy is enabled
by competing for, acquiring and completing contracts ethically. In the case of engaging in unethical conduct a company may lose contracts, particularly
government contracts, and waste resources in litigation while looking for damages. This article describes the strategy notion and different
methodologies to the tactical use of social responsibility and ethics for the business environment and also impact to the employee
Discussion
While discussing ethics, corporate culture includes shared values, beliefs, attitudes, and standards that describe an organization members as well as
define its nature. It is embedded in an establishment 's strategies, goals, structure, and approaches to investors, customers, labour, and the society as a
whole. Honesty is the character of an individual being sincere, truthful or frank. On the other hand Integrity refers to being honest and having stout
moral values and moral uprightness. All the define aspects

Business Ethics Case Study Essay example
1.The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV
Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it
guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.
John Warren is a seven–year senior project engineer with Goodrich was directly in charge of the original computations for the brake and the
preliminary design. While using Warren's design, it was Searle Lawson's job to run the preliminary test for stopping 51 times. Lawson found that high
temperatures increased the...show more content...
Mr. Vandivier later testified that several procedures violate military performance criteria. When the fourteenth series of test stops were completed,
Lawson asked Vandivier to help him to write the data and graphics report showing that the brake had qualified. He stated to Lawson that the data
report would have to be falsified to clear the brakes. Lawson replied he is aware of falsifying the data report, but he has orders to write it regardless of
the actual data.
Vandivier's managers insisted on him to write the entire report including the graphs and charts. Mr. Vandivier complied and on June 5, 1968 that the
qualifying report was finalized.
2. Obligation: The stakeholders here are Vandivier, Lawson and B.F. Goodrich. Each participating actor will be affected by the actions of others at
Goodrich. By Vandivier and Lawson freely entering an agreement to act as an agent for Goodrich, this means they accept the moral and legal duty to
serve their employer loyally, obediently and in a confidential manner as specified in the law of agency. With Vandivier teetering whether to do the
report, his decision will significantly impact his wife, his colleagues, and LTV and unknown citizens. If he follows through, he will have several deaths
on his hands with the possibility of more causalities. On the other hand, if Vandivier holds his ground

Ethics in Business Essay
Introduction
Ethics in business is important of everyday moral and ethical norms to business. Perhaps, the Ten Commandments from Bible come to mind as an
example of morality that still used by many today. These commandments carry concept of being truthful and honest, and try to stay away from theft
and greed. An idea of stewardship can be found in the Bible as well as many other religious literatures that can be and have been applied to business.
Beside religion, philosophy also carries similar ethical traditions. For example, Plato's main theme of Republic is justice, and Aristotle in his Politics
cares model of economic relations, business and trade. Today, Business Ethics is the conduct that businesses carry in...show more content...
FACTs of WA
–MU
Washington Mutual Bank, aka WA–MU, was organized in September 1889 to help provide funds for rebuilding Seattle after the great fire. Washington
Mutual became the largest thrift in the US, and one of its largest banks. From that beginning, Washington Mutual has grown into financial services
company that offered services in mortgages, credit cards and retail landings. "But if its rise was storied, its fall was spectacular, ending in the largest
bank failure in American history to date" (The New York Times, 2010). Sadly, Washington Mutual Bank, or WA
–MU, was seized on Thursday,
September 25, 2008.
In April 21, 1982, Washington Mutual acquired Murphey Favre, Inc. and Composite Research & Management Co. WA
–MU decided to keep on the
firm's executive vice president, Kerry K. Killinger. Kerry was elevated to the position of president in 1988 and chief executive officer in 1990 (The
New York Times, 2010). Kerry's leadership brought new strategies to the company. According to The New York Times (2010), in July 1996, Mr.
Killinger engineered the purchase of the 158–branch California–based American Savings Bank, a $1.4 billion deal that nearly doubled the size of
Washington Mutual, instantly making it the third largest American savings and loan.
Financial centers were redesigned, exchanging the traditional banking atmosphere for that of a department

The Ethics Of Business Ethics Essay
Resource A discusses how ethics is crucial in business. There are three key ideas used to understand this. Firstly, making ethically wrong decisions tend
to cause more upset than other general mistakes as purposeful unethical actions are not as easily forgiven or forgotten. Secondly, ethics provides
businesses with a broader understanding of everything to do with their business. Business ethics is effectively just business it its larger human context.
Thirdly, being unethical can tarnish the public image of a business which can lead to a drop in sales and profits. There is a myth in the business world
that business and ethics don't mix. The reason ethics are considered to be relevant to the bottom line is that regulation is the price business pays for bad
ethical strategy.
The whole point of business ethics is essentially to define and defend the basic goals of prosperity, freedom, fairness, and individual dignity. This goes
along with the 3 C's of business ethics; compliance, contribution and consequences.
Business ethics are the foundation of business, despite business thriving on competition, it survives on the basis of its ethics. Comparing business with
a game (practices) makes it easier to understand things like for example how having 'players' who cheat can impact badly on the business. Ethics is a
way of thinking which can defined under Solomon's eight rules.
Resource A provided me with a lot of new information about how important ethics really is to

The notion of ethics deals with people's behaviors within a company. Social responsibility involves a company's moral obligations and the manner in
which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique
characteristics that express their differences and its independence of the other.Ethics and social responsibility have to be present and coincide with one
another for a business to be ethically sound.
Ethics is the application of one's personal beliefs and the impact on how a person makes decisions regarding the relationships involving a company. The
most common agents that involve a person's decisions are owners, employees, customers, clients,...show more content...
There is a fine line between what is ethically right or wrong with an action committed by an organization. According to Audi, "sometimes ethics is
compromised without dishonesty but by deficiencies in clarity or candor or both" (Audi, 2009). Being dishonest and not telling the entire truth are
examples of ethical dilemmas. On the contrary, social responsibility applies only to an organization or business, whereas ethics applies to people's
behaviors and how the obligations determine whether an action is right or wrong. Social responsibility is the application of a set of ethics to a business
or organization. Edwin Epstein's definition of corporate social responsibility supports the idea that corporate responsibility is ethically based in its
decisions with the agents associated with the company. Epstein stated, "Corporate social responsibility relates primarily to achieving outcomes from
organizational decisions concerning specific issues or problems which have beneficial rather than adverse effects upon pertinent corporate
stakeholders" (Carroll, 1996). Social responsibility contains both the responsibility to discover employee misconduct while also maintaining good
relationships with those outside of the business. According to Berenbeim, it is the corporation's responsibility to maintain those good relationships with
the agents of interest paramount to the obligations to minimize the risk of employee misconduct (Berenbeim,

Business Ethics The statement has been made that "ethics has no place in business" and the implications of this statement and its inferring
characteristics provide a complex issue in the operation of national and multinational corporations.
Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature
of an effective business mindset inherently brings about unethical behavior.
In order to consider this statement and its implications, it is necessary to recognize the ethical decision–making processes of a number of companies, and
reflect upon the fiscal, organizational and operational implications of ethical choices and then relate this...show more content...
But unlike many corporations, Merck recognized a moral obligation reduce the suffering of millions of people, and as a result, made a costly but
ethically sound decision to pursue research, development, production and distribution of the drug.
Many business theorists would argue that Merck's choice may have been ethically sound, but that it did not reflect appropriate business acumen. The
choice was costly, impacted competitiveness for the company at a time when risking declining sales was not in their best interest, and put the company
in risk of liability (4). But the company also had an obligation to their shareholders to make business decisions that represented their best interests, and
the conflict between the interests of those outside of the corporate structure and the shareholders, employees and administrators of the company
demonstrate the reason that ethical choices are not applied more freely in the business arena. It can also be argued that by making ethical decisions in
favor of drug development, that Merck was also inherently making unethical decisions in terms of their obligation to the shareholders and the standards
of

Business Ethics
Corporate fraud has grabbed national headlines repeatedly in the last year. Although, Enron and World Com are two of the highest profile cases of
corporate scam, ethics in the business world are generally deplorable. One of the most morally reprehensible cases to hit the newspapers in the past
several years is that of Robert R. Courtney. His sense of business and personal ethics reflects moral depravity at its darkest moment. What he did was
evil on both a business and certainly on a personal level. As a pharmacist, he was entrusted by patients, oncologists, and major drug companies, to fill
prescriptions for cancer patients. He defied and denied this trust. Apparently he owed the IRS $600,000, and ironically...show more content...
Courtney violated this theory. What he did in essence was to cruelly twist the theory of utilitarianism by delivering the greatest harm to the most people
he could. He had it turned around and was apparently not concerned with how his greedy, short–sighted , and immoral behavior was affecting others.
Although this theory gives latitude to individual definitions of "good", Courtney 's manipulation of good and evil, right and wrong could not be
justified on any level.
Immanuel Kant posed a different framework from which ethics evolve. He supposed that actions spring from a person's sense of duty. Is it possible
Robert Courtney felt his duty to the IRS and to his local church was more important than his professional duty to dying cancer patients? Courtney's
duty as pharmacist should have prevailed and kept him from doing what he did. Both teleological and deontological theories emphasize dignity and
respect. Robert Courtney violated each of these theories. In the beginning, regardless of his actions being accidental or deliberate, the pharmacist must
have contemplated his own sensibilities and moral convictions. Supposing that Robert R. Courtney had never developed any moral character, rules
governing pharmacists' behavior prohibit what he did. It was his duty to take these rules into account and abide by them, when in fact Courtney did the
exact opposite. He defied personal and professional

Business Ethics Essay
According to Wikipedia, ethics, also known as "moral philosophy", is a branch of philosophy that addresses questions about morality. Concepts such as
good and bad, noble, right and wrong, justice and virtue. To business, ethics is a tool to examine principles and moral or ethical problems that arise in a
business environment. Therefore, business ethics can be both a normative and a descriptive discipline. Ethics is a part of the larger social ethics, and
also always affect business development. In other words, business ethics is a factor of determining the fundamental purposes of a company. Marketing
ethics is a subset of business ethics. Because in marketing, ethics deals with the principles, values and ideas by marketers; it shows how...show more
content...
San lu was the milk company that suffered the milk crisis in 2008. This company used to be well known over the country, and made huge
contributions to Chinas development. However, since 2000, the milk industry started getting more narrow for competition. For getting higher profits,
San lu had used chemical materials to produce dairy products. In 2008, the whole story was discovered, San lu lost thousands of millions of dollars
and reputation with the brand was broken. In the past, San lu is a large state–owned dairy producer and was the focus of the scandal since the issue
came to light. Afterward, the U.S Food and Drug Administration warned consumers to avoid buying infant formula imported from China. This would
taint China; also it alarmed all Chinese milk companies. In the early 2010, Shang Hai University published a survey with 300 pregnant women and
mothers from different places in China. 85% thought they would rather order milk products from overseas; 38% are not positive with the nationwide
milk industry. Since this happened, San lu paid a high price. The considerations of the public: What products could we trust? How we conduct with
something might come up with like San lu's story? How should we promote a fair and healthy market competition? Ethics is the key to a business firm.
It is a fundamental sector to determine development and policy creations. According to San lu's case, it reflects that importance of ethics in business.
For future

Essay about Ethical Issues in Business
2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly
illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that
we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In
order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock
options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have
...show more content...
Chapter 3, Question 14 Assuming that the demand and supply for premium coffees are in equilibrium, the price will be at a constant, without
significant pressure from the market. If Starbucks introduced the world to premium blends, this would cause a positive shift in the demand curve.
There a higher equilibrium price and higher quantity when demand increases and supply remain unchanged. As prices increase, and the market moves
to a new equilibrium, we will see higher wages, more advances and investments in technology and infrastructure, and greater competition. As
production become more efficient and competition becomes greater, supply will increase and cause prices to settle back down. There are several
factors that will impact the long–term equilibrium, such as changes in supply. For example, if a hard freeze eliminated Brazil's premium coffee crop,
this would cause a negative shift in the supply curve. Assuming demand remains constant a negative shift in the supply curve will cause quantity to
decrease and equilibrium price to increase. Research shows that in 2011 a frost occurred in Brazil's southeastern coffee growing belt. Traders worried
that next year's yields could be hurt. At the same time, heavy rains during harvest forced Columbia to reduce its crop estimate for 2011. Understanding
the impact of problems along the supply chain and how the changes in supply

Understanding Business Ethics
Unit 37: National Diploma
Assignment brief
TASK 1:
Scenario: Business ethics – a study of a selected company
With growing interest among consumers regarding the business ethics of the businesses brands that consumers buy, Westminster council wants to
conduct an independent review of some of the organisations that sell their goods and services in the borough. You have been asked to select one of the
following brands and conduct research into their business ethics.
1. Using Primark as a case study, visit their website/conduct research into their activities to help with the tasks below.
Task 1: PRIMARK – GROUP PRESENTATION
Explain the ethical issues Primark needs to consider in its...show more content...
Task 2: Social Implications – McDonalds Describe the social implications of business ethics facing the selected business in its different areas or
activity (P3)
Assess the social implications of business ethics facing the business in its different areas of activity (M2)
Social implications refer to those actions of business that have an effect on society as a whole and relate to a number of areas of business activity.
McDonalds have come under growing criticism in the last few years in terms of the social implications of their business activities. Write a report which
should include the following:

A. Describe the social implications of McDonalds business activities. Include the following headings: – Nutritional value of McDonalds Products and
link with obesity
– Food

Business Ethics
Ethics is a branch of philosophy that inquires into the nature of ultimate value and the standards by which human actions can be judged right or wrong
("ethics," Collegiate). Ethics is not primarily concerned with the description of moral systems in societies. That task, which remains on the level of
description, is one for anthropology or sociology. In contrast, ethics deals with the justification of moral principles.
A Brief History of the Study of Ethics
Ethics has been studied since ancient times. In the oldest of the Indian writings, ethics is an integral aspect of philosophical and religious speculation
about the nature of reality. These writings date from about 1500 BC. They have been described as "the oldest...show more content...
In the 16th century there occurred the breakup of Western Christianity known as the Reformation. From this time, distinctively national traditions of
moral philosophy began to emerge in Europe; the British tradition, in particular, developed largely independently of ethics; the continental tradition had
a different line of development in continental Europe.
Ten Major Ethicists, Their Theories, and Applications to Modern Business
Confucius (551–479 BC) is the most famous Chinese philosopher, whose ideas have influenced the civilization of East Asia. His teachings aim at
guiding people in what is necessary to become a better person, a concept translated as "gentleman" or "the superior man." Elements like integrity,
respect for others, trust, and justice in the sense of treating each and every man in an equal way are honored by Confucians, and are essential for a
healthy business environment as always, but perhaps take on a different dimension and special significance in a global knowledge economy. For
example, globalization has brought together people of different cultures into business relations, and it may be more difficult to build up trust between
two very dissimilar people than between two similar ones, especially if both fail to see the commonness between them, or even worse if they see their
own way of doing business as being more superior rather than just different. The global ethic inherent in Confucianism promises to support harmonious
relations among

Essay On Business Ethics
"The state of business schools, business education, and business ethics" was written by Cavico and Mujtaba(2010). The article highlights the
importance of business ethics course to determine some challenging issues business schools face today by integrating with the fundamental basis of
ethics to business, to leadership and to business students' education. More specifically, the ethics course is getting more and more important for society
and the business world in terms of developing ethical comprehension and socially responsible behaviors and also companies have these kind of
expectations from their employees, managers and directors. If the business ethics course was taught in business schools and universities in Turkey, the
most important...show more content...
First of all, such course can be a remarkable opportunity for Turkish society in terms of improving business students' ethical thinking, morally
appropriate behaviors and helping to raise them as socially responsible individuals. In this direction, the business ethics course helps to improve
students and encourage them preparing for business and social life. If there are individuals who have moral consciousness and social responsibility
awareness in a society, it is quite possible to see the development of country highly in terms of social, cultural, economical, educational and
political aspects. Furthermore, such course can be beneficial for Turkish society in the sense of enhancing welfare level. High level of welfare
countries can be advantageous in terms of possibilities provided by the states to the citizens in economic and social aspects. Such countries have the
potential to bring successful leaders to the society. Also, such countries have the chance to raise business students who are well informed about
moral values and social responsibility in both for business and social life. This kind of people in a society enhance the country in terms of social,
economic, cultural, political life and also increase the reputation of the country in the world. The business ethics course is a great opportunity to
reach these purposes properly . When we look at a high development level country, it is possible to see some individuals who are successful in their
school, career, social life etc. At this point, looking at the successful managers and employees in the companies, we can see the benefits of business
ethics course for society. The business ethics course aims to help the students reaching their purposes and being successful in

What Is Business Ethics? Essay
A.Ethics
In business everyone has the power with their ability to spend an amount of money. People have the capacity to change situations in which many
individual does not. As an organization may affect some people, they might have the obligations to their employees, consumers, community and the
outside world. They have the responsibility to manage or control the business in a way that it will not harm, positively the benefits like people as
possible and themselves. This can be simple, there may always be a conflict of interest between various groups of people. Each decision made by
business man or woman has to be made with an informed awareness of the specific situation and then act according to some sort of system of
principals, which is Business Ethics.
What is Business Ethics? .
Business ethics is a form of applied , and that knowethics or professional which analyse ethical principales and moral which means the ethical problem
that arise in business environment. it is examining what is wrong and right.
" Then doing the right thing, but "the right thing" is not as straightforward as explained in many business ethics books
B.Ethical Dilemmas
By definition, ethical dilemma is a moral dilemmas, is like kind of situation where there is a choice must to be make between two options, which the
situation might be resolve in ethically acceptable manner. Ethical situations sometimes present the the conflict, and it is sometimes tempting to
rationalize a particular course

Running Head: Business Ethics
Business Ethics name school
The modern theory of the firm, which is central to finance and corporate law, views the corporation as a of contracts among the various corporate
constituencies. Upon this foundation, finance theory and corporate law postulate shareholder wealth as the objective of the firm. Research in business
ethics has largely ignored this contracts theory of the firm except to reject the financial–legal model as normatively inadequate. Philosophers generally
bring philosophical theories of ethics to bear on problems of business, and they regard the contractual theory of the firm primarily as a subject for
criticism using the resources of philosophical...show more content...
How specifically can employees, customers, and other constituencies be wronged such that a remedy ought to be devised? In other words, what are the
main ethical problems in business?
The following three–fold classification, which is derived from the literature on the ethical problems of contracting, does not encompass every business
ethics problem, and, indeed, the next section lists many kinds of problems that are not related to contractual relations. The classification provides a
useful perspective; however, on a great many problems of business, and by viewing them within the context of the contractual theory, appropriate
remedies can also be identified.
Wrongful Harms
All constituencies, including shareholders, are vulnerable to loss of one kind or another from the activities of a firm. Many of these losses take the form
of negative externalities, such as occupational hazards, consumer injury, discrimination, wrongful discharge, pollution, and plant closings.
Shareholders, too, can be harmed by fraud, financial manipulation, and mismanagement that reduce the value of a company's stock. Whether harm is
"wrongful" depends, of course, on some standards for the harms that constituencies ought to be protected against, and although developing
such standards is difficult, we have many examples in tort law and government regulation. For example, developing a standard for workplace safety

Essay about Ethics in International Business
Ethics in International Business
Abstract
International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into
conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational
corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics
discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations.
The argument in question is how companies should practice their business according...show more content...
The values and culture have reflective impact on ethical climate in organizations which inhabits on the ethical measurements changing in the structure
of an organization. All these concepts facilitate the motivation of both employers and employees that would lead positive effects for organizations.
Motivation is a psychological trait that would lead an individual or related party to a desired action on a definite goal. Motivation in an organization is
considerable to sustain an employee with occupational pleasure, individual satisfaction, and positive contribution to the work place and its environment.
Ethical Management, Impact on Individual and Organizational Performance Companies are supposed to be able to achieve and demonstrate an ever
increasing performance showing improvement on leading in their industries to acquire competitive advantages. Having a high level of performance
could be greatest achieved with competent and motivated employees. The conduct of business in an organization with an ethical manner is of great
importance to secure an increasing performance as well. Organizations functioning towards ethical standards should ensure unbiased applications of
business and recall a sense of justice to stimulate motivation among their employees. Employees that are motivated through a positive ethical
organizational climate and leadership do much better than a less motivated employee. This promotes the organizational achievement that causes

Essay On Business Ethics

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