What Is Business Ethics Essay

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
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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

Business Ethic
Chapter 1 What is ethics? –Moral principles that govern a person's or group's behavior. –The moral
correctness of specified conduct. Understanding rights and wrong Moral standard are principle
based on religious, cultural or philosophical belief by judgments are made about good and bad
behavior. Value System A set of personal formalized into a code of behavior. A well defined value
system is a moral code. Value conflict A social problem is a condition defined by a considerable
number of persons as a deviation from some social norm which they cherish. List four sources
influence for your personal moral standard?...show more content...
Ethics in Finance The п¬Ѓnance function of an organization can be divided into three distinct areas:
п¬Ѓnancial transactions, accounting, and auditing: Ethical Challenges For internal employees in the
п¬Ѓ nance, accounting, and auditing departments, the ethical obligations are no diп¬Ђ erent from
those of any other employee of the organization. Chapter 4 CSR the voluntary actions that business
can take, over and above compliance with minimum legal requirements, to address both its own
competitive interests and the interests of wider society The four components of CSR: Economic
LegalEthical Discretionary The 'Triple Bottom Line This means expanding the traditional reporting
framework to take into account performance in terms of: Social (People) Environmental (Planet), as
well as Financial (Profit) –Concept developed by John Elkington in 1994 –Expects organisations to
be responsible to 'stakeholders' interests rather than 'shareholders' profit –Related concepts:
–Full–cost accounting –Social entrepreneurialism –Social and natural capital Type of CSR –Ethical
CSR –Altruistic CSR –Strategic CSR Five major trend driving CSR? –Transparency –Knowledge
–sustainability–Globalization –Failure of the public sector Chapter

What Is Business Ethics
Introduction
What is 'business ethics?'
Ethics, the search for 'a good way of being' for a wise course of action as it could be practiced by
business firms is called business ethics. Ethics is business deals with the ethical path business firms
ought to adopt. Afflicting the least suffering to humans and the nature in its entirety, achieving the
greatest net benefit to the society and economy enriching the capability of the system in which it is
functioning, being fair in all its dealings with its proximate and remote stakeholders, being prepared
to correct its mal–habits and nurturing and enduring virtuous corporate character in totality, can be
called business ethics. (Salehi & Saeidinia, 2012)
Literature review
"Ethics is not definable, is not implementable, because it is not conscious; it involves not...show more
content...
This is very much attached with the human resources section of a company. Some of them are,
Ethics involves to basic human needs. In business ethics I is very important because a manager's
decision would affect most of people's life. Most of the human resources managers face these
problems. When HR manager's response to honest and beneficial to the society automatically
everybody will be happy and the managers can be proud about their decisions. This will lead a
company success.
Values create creditability with the public. The public think a company to be ethically nourished.
Society respect the companies that have ethical values among them. All the companies value the
money at first. Public problems would be solved greatly.
Valued give the management creditability with its employees. The leader and the other people
should be in the same platform. Without having problems with employees if a manager can take
decision people will respect him/her. Only the business strategies and benefits cannot win employees
creditability. There should be good attitude among managers to uplift a

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

Business, Ethics and The Society
What is Business Ethics?
A recognized authority defined business ethics as the application of our understanding of what is
good and right to the assortment of institutions, technologies, transactions and activities pursuits that
we call business. It would have been simple if it were the choice of good or bad in the business.
Since it is not the case, it's not only a matter of legality or universal morality, but it more often
related to a series of perceptions of the rightness involved it daily issues.
De George in 1989 stated that business ethics has three inter–related levels:
The general political– economic system, which includes evaluation of the effects on the society.
The business system, which...show more content...
The False Claims Act provides protection for employees. The court in the United States will provide
protection when:
An employee becomes a participant in a "protected activity" (i.e. when an employee decides to
confront an employer about illegal activities such as fraud).
The employer becomes aware of the "protected activity."
The employee is penalized as a result of coming forth about the activities like harassment, termination
etc.
When it has been determined that an employee is a victim of retaliation, he or she may petition for:
Reinstatement with the same seniority that he/she would have had if the adverse action did not occur.
Any type of relief that will assist the employee in becoming a whole person again
Interest on the back pay
Two times back pay
Special damages (includes compensation for emotional distress, recovery of litigation costs and the
attorney's

What Are Business Ethics? Essay
Business ethics; what does it really mean? Some say it's an oxymoron and the two words can't
exist together as a concept. These people will tell you that within business, there is no room for
ethics and ethical behavior. Others will explain the need for businesses to practice good ethical and
moral values within their company, and the importance of this to our society. For me, in the past, I
honestly never gave the idea or term a second thought. Now after learning so much of business in
our society I have a firm understanding of business ethics and I've developed my own personal view
that reflects it. At the roots of proper business ethics is undoubtedly, understanding. As with life, all
truths and therefore all 'rights', come with...show more content...
Mill's Harm Principle was written from his concern about the civil liberties of individuals in
governed societies. Mill's harm principle states:
"the sole end for which mankind are warranted, individually or collectively, in interfering with the
liberty of action of any of their number, is self–protection. That the only purpose for which power
can be rightfully exercised over any member of a civilised community, against his will, is to
prevent harm to others. His own good, either physical or moral, is not sufficient warrant. He
cannot rightfully be compelled to do or forbear because it will be better for him to do so, because
it will make him happier, because, in the opinion of others, to do so would be wise, or even
right...The only part of the conduct of anyone, for which he is amenable to society, is that which
concerns others. In the part which merely concerns himself, his independence is, of right, absolute.
Over himself, over his own body and mind, the individual is sovereign."(p.68)
What Mill's says here is that our actions shouldn't hurt others or hinder there happiness in anyway,
even at the benefit of our own happiness. Furthermore the only way we should stop someone from
doing any sort of action is when that person harms another, and only then should there be
intervention. Though this

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

What Are Business Ethics?
Business Ethics
Naveed Ahmed Saleem Janvekar
Introduction:
The survival of an organization depends upon the integration of business codes with the societal
ethics. Ethics concentrates on the general nature of morals and the specific moral choice an
individual makes in relationship to others. It represents the rules and regulations governing conduct
of the member of a profession. The area of focus in this essay is to explore the effects of business
ethics.
Business ethics are a set of moral principles and values that govern the way a person or a business
behaves. Ethics involves distinguishing between "right" and "wrong" and then making the "right"
choice. It may fairly be easy to identify unethical behavior. However, it is not always easy to create
definitions of good ethical practices. (What are business ethics?, n.d.) Potential entrepreneurs
sometimes overlook business ethics because they often have other priorities, such as business ideas,
advertising and financial matters to consider. However, business ethics have a more powerful
influence on the existence of a business operation than most people think as it creates a positive
image of a company and increases the credibility. Practicing business ethics increases the overall
profitability of the business and hence adding to the growth of the company. However, flouting
business ethics could lead to serious damage to the company's reputation and decreasing a company's
profitability by losing out on its

Business Ethics Essay
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

Many business managers argue that the primary responsibility of a business is to turn a profit;
however, society is more concerned for corporations to assume ethical responsibility, in which
welfare for the greatest number of people will be promoted. This paper addresses the fact that the
subjectivity of morals within the military and individual leaders; as some issues could be viewed
as ethical by a group but not so by others. The members of an organization and its employees are
part of the team, therefore the organization would benefit if their leaders are having strong ethical
principles and positive relationships . Because business ethics helps the team work better both
individually and as a unit, thus inspiring ethical values while...show more content...
The method of emphasizing ethics enables the leaders to be more inquisitive about their ethical
issues not only in the leadership workshop but also back at work. As we continue working to
become "all you can be", we can start to let go of our petty self–interests. As we give back, we can
potentially reconstruct our communities. As we serve in for military using the values of freedom,
justice, equality, caring, and dignity, we can constantly renew the foundations of democracy.
Definition of Ethics In accordance to Velasquez, ethics is the discipline that deals with "right" and
"wrong" or "good" and "evil" decisions that are made in according with approved standards of
behavior. This is normally regulated by society and legislated by laws from federal government,
state, and the country in which the business is executed, as well as, highly scrutinized by the media.
But ethical behavior should not stop there, because usually laws only set minimum standards which
corporations could always improve on (Velasquez, 2006). The problems facing military personnel are
similar to those that business leaders deal with because, both industries see the need for an
operational approach to communication, and the commitment to their members to ensure profits and
long term survival in their industry (Awad, E & Ghaziri, H., 2006). Additionally, the military places
strong emphasis in human

Business Ethics
Business ethics is a diverse field that cannot be defined with a single definition. This area addresses
numerous issues, problems, and dilemmas within the management of businesses. Does this through
numerous perspectives and methods. Of course, in order to present the complexities of business
ethics, we must explore the types of issues that business professionals are continuously confronted
with. To understand one must know the definition of corporate ethics as well as knowing what the
ethics of responsibility are. After defining what ethics are, we then need to see how these are played
out within management. This will show the decline and fall of business ethics over time and how
whistle blowing has...show more content...
Our profit comes about through our effort to promote the prosperity of the community as a whole.
(p.15). There are many differences of opinion in the role that ethics ought to play at the third level
of evaluating policies and practices. This is because every person within a corporation may be held
to a different set of ethical standards depending upon the position they hold. Not all have the same
feelings about the ethical standards that one individual may have even though they all know what
position he holds and what his job is. This can lead to potential conflicts between corporate ethics
programs, management roles, and individuals. Many sermons have been preached about the ethics
of business and the ethics of businessmen. Of these, one topic is plain. This is the use of everyday
honesty. Businessmen are constantly told they should not cheat, steal, lie, bribe, or accept bribes.
Men and women do not gain exemption from these rules just because of their jobs or positions
within a business or society for that matter. As such, when these individuals do break the rules of
ethics, they are usually severely punished. Often this punishment varies with the level of

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

Business Ethics Paper
MOI UNIVERSITY
SCHOOL OF BUSINESS AND ECONOMICS
ELDORET WEST CAMPUS
(Human Resource option)
COURSE CODE:BBM 406
COURSE:BUSINESS ETHICS
TASK:Assignment I
PRESENTED BY:Jayne Wairimu Njenga
ADM NO. BBM/1491/07
PRESENTED TO:ROSE OMONDI Course Tutor
DATE:March 2009
Question:
Is good Ethics good business?
Definition of Business Ethics
Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide
guidelines for acceptable behavior by organizations in both their strategy formulation and
day–to–day operations. An ethical approach is becoming necessary both for corporate success and a
positive corporate image. Following pressure from...show more content...
3.Business to External Environment. Because businesses exist within a community from which they
take resources, businesses have ethical responsibilities to the community. This obligation to protect
and enhance the society is called Social Responsibility. This also includes responsibilities to the
customers from which they earn profits. The main areas of Social Responsibility are:
Ecology and environmental quality – preventing and cleaning pollution, noise control, recycling,
preserving land.
Consumerism – truth in advertising, warranties, control of harmful products.
Community needs – helping charities, aid with health care and urban renewal.
Governmental relations – elimination of bribery of officials and lobbying, following laws.
Minorities and disadvantaged persons – providing training and opportunities for these groups.
Labour relations – permitting unions, negotiating fairly, providing fair working conditions and

compensation.
ARGUMENTS AGAINST BUSINESS ETHICS
Ultimately, businesses exist to make a profit for their owners and shareholders. In most cases, ethical
behaviour adds expenses to the business, reducing profits. Profits are a good thing – they ensure that
people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt
government programs.
The government takes care of ensuring that businesses do things in an ethical way. No other forms of

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

What Is Business Ethics?
MIS 6308 – Assignment: Business Ethics Essay (50 points) What is business ethics? Business
ethics can be understood as codes that define the actions and behavior of the employees in an
institution. Standards are set by every company to define what is accepted as 'Right' and each
employee is expected to abide by these standards. For a business to run successfully it is
important to abide by the set of standards that are defined. Companies around the world observe
these ethical principles strictly; ensuring that all of their employees follow the rules. When an
employee is hired he has moral as well legal obligations. The employee is expected to work as per
the requirements in his contract. He should treat others with legitimacy and dignity. One should
always have a thought process of making ethical judgments, for example compare the views and
experience of the observer with what is already committed with the outlay of prevailing norms,
which are acceptable. Some of the legal unethical scenarios may include causing harm to company's
work and co–workers. Moral unethical scenarios may include indulging in practices like fraud,
corruption, unlawful activities, even being dishonest to the customers about the safety of the
product leads to hampering of individual's as well as company's reputation. Unethical practice may
include going against the law but breaking laws does not always mean a person is unethical.
Sometimes a person might accidently break a law and if he is ready 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
Business Ethics
"Like Nailing Jell–O to the Wall"
What are ethics?
A simple definition for "ethics" is those standards or morals a person sets for himself or herself
regarding what is good and bad and right and wrong. If something is "ethical", it does not
necessarily mean that it is legal, and vice–versa. This is partially because ethics are "subjective" –
that is, each person's ethics are unique to that individual. For example, Sally, who works at
Becker's, may give a carton of milk to a young mother with a baby who has no money for food.
Though Sally believes this action is ethical, it is not legal. Another employee may not see Sally's
action as ethical.
Where do ethics come from?
The most common factors that form a person's...show more content...
Arguments Against Business Ethics
Ultimately, businesses exist to make a profit for their owners and shareholders. In most cases, ethical
behaviour adds expenses to the business, reducing profits. Profits are a good thing – they ensure that
people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt
government programs.
The government takes care of ensuring that businesses do things in an ethical way. No other forms of
business ethics are required.
Arguments for business ethics
Business, like government, is a system that affects not only its managers and employees, but all
members of the community. Many business decisions affect the lives of people in important ways. If
businesses operate in unethical ways, this can contribute to people getting sick (as a result of
pollution or defective products); or consumers could get taken advantage of (through false
advertising).
The Harvard Business Review suggests that well over three–quarters of businesses are trying to build
ethics into their organizations. Many business managers believe that, though more costly in the short
run, ethical behaviour is profitable in the long run as customers and government regulators will
appreciate it. This will ultimately result in higher profits.
Businesses earn huge profits from members of the community – they owe it to the communities to

put something back through

Business Ethics Business ethics is a multifaceted field that cannot be defined with a single definition.
This area addresses numerous issues, problems, and dilemmas within the management of businesses.
It does this through numerous perspectives and methods. Of course, in order to present the
complexities of business ethics, we must explore the types of issues that business professionals are
confronted with all the time. Business ethics not only portray to humans, but also to how businesses
treat the environment.
My father stated to me that the enterprise in which he is engaged in, and the products or services
that they market, should serve an inherently ethical purpose and that a companies primary ethical
responsibilities are defined...show more content...
Are your major stockholders informed of major problems in the company?
In the past there has been times where we have not informed out stockholders and let the problem
blow over as to not cause a rapid sell of the company stock. If the problem would of continued
many people could of risked losing a fortune, so in fact that was unethical, I myself was worried for
my company stock investments. By keeping you stockholders and employees in the dark you could
run the risk of problems like Enron is having.
Does ?? stay on top of handling customer service or does it put issues aside like other companies?
This is one item I can say is always handled professionally. The Japanese are very strict when it
comes to keeping the customer happy and will do almost anything to keep the return business.
There are a few companies that do the same services we do. They are constantly trying to get
more business because of their ethics and the way they treat their clients. When a client is not big
enough, I'm saying that they do $2 million a year in business compared to the big three that do
$100 million a year. A customer is a customer and purposely sabotaging their efforts to get them
out of the way for bigger clients in wrong. But as I have seen in from past experience, twenty loyal
small clients are always better that one big client you will leave for a price difference of

Ethics In Business Ethics
The theme I have chosen for the Meeting the Management Challenge for this Assignment is
"Business Ethics" In this essay I have looked into the definition of ethics, Business Ethics,
International Principles of Business Ethics and How the use of Business ethics have influenced
certain companies like "Volkswagen" and "Toshiba". The importance of the use of businessethics to
business leaders is also discussed further on in the essay.
2Essay
2.1Summary
In an age of development where people are more exposed to globalization, new ideas, morals and
principals, ethics has become a very important principle to keep up with. Ethics is generally
defined as the most beneficial practice of behavior. It allows us to define our personal goals or
objectives....show more content...
The writer has emphasized on the importance of ethical decision making as it plays a major role in
business organizations. Ethical leadership involves core values, integrity and good will. Currently,
there is a negative consequences on business because of the lack of ethical leadership. It is believed
by the writer that there are a lot of non–ethical practices currently ongoing in India which includes
corruption. For this reason it has become crucial for the practice of ethical governance and ethical
leadership. The leaders should also be ethical in decision making as their behaviors influence others
greatly. The recent global scandals in business emphasis on the importance of ethical behavior in
organizations. For this reason the writer believes that it is crucial to provide ethical education. In
regards, the companies of India has also recognized the importance of integrity, transparency and
communication while running businesses. The companies have also realized that adopting the code of
business ethics successfully would help in the long run to overcome these problems. And hence so
compulsory ethics education at all professional programs is recommended by the writer for

What Is Business Ethics Essay

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