What Is Business Ethics Paper

Topics: Ethics, Business ethics, Morality Pages: 2 (624 words) Published: June 28, 2010
What is Business Ethics?

What is Business Ethics?
Business ethics is a management discipline born out of the social awareness movement of the 1960s’ that has improved society substantially. Business ethics is also the “study of ethical dilemmas, values, and decision making in the world of commerce that addresses environmental, social, and governance concerns” (Academic Info, n.d.). A business or organization builds integrity and trust with society by demonstrating sound business ethics in its mission to provide a good or service to the market. As part of its commitment to restore the environment and habitats in the Gulf Coast region, BP today announced that it will donate the net revenue from oil recovered from the MC252 spill to create a new wildlife fund to create, restore, improve and protect wildlife habitat along the coastline of Louisiana, Mississippi, Alabama, and Florida.("Press Release", 2010, p. 1) This is a fine example of a business accepting responsibility for its actions with the environment as its number one concern in this ethical dilemma. The ethical issue here is whether or not to continue off shore drilling knowing the extent in which the danger exist of another disaster of this magnitude to happen again. Should oil companies take the initiative to self monitor or even discontinue offshore drilling to preserve the business integrity and standing in the eyes of society? The behavior of employees and members of businesses and organizations are a reflection of the business itself and presently of concern in the corporate world is time theft as it seems to be acceptable among those who would take advantage of the honor system in keeping their time. Organizations have long struggled to find ways to reduce the occurrence of unethical behaviors by employees (Henle, Reeve, & Pitts, 2009, p. 53). Time theft is, unfortunately, is a common and costly form of ethical misconduct in the workplace reinforced by social pressure....
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