Preview

Business Ethics

Powerful Essays
Open Document
Open Document
2214 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Ethics
Introduction
This paper will discuss ethical behavior in the business world. In particular, the question of what ethical behavior actually involves will be analyzed in depth. Ethics is a topic that can be discussed at length without reaching universal consensus, and this text will not be an exception. However, it should shed some light on the issue of ethical corporate behavior. The objectives and responsibilities of business will be covered, as well as the ethical obligations of various parties.
Scholars have declared that business and ethics are required partners; a business cannot succeed without sticking to good ethics. But what actually is ethical behavior? It may even be debatable what can be considered a successful business. Ethics: The Foundation
The focus of this paper will be the application of ethics for business situations. In order to concentrate solely on the application, it is very useful to establish the theory in the beginning. Therefore, I will define the understanding of ethics that will be used for the remainder of the paper.
Ethics are relative. There are many factors that contribute to this relativity. First, ethics can be considered to be relative to a period in time. This will not be an issue for the discussion because we will only be looking at business in relatively recent history. Second, ethics can be considered relative to the role of a particular entity. Assuming a role is ethical, the acceptance of an entity to perform in that role carries responsibilities with it. The entity has an ethical obligation to carry out that role. Admittedly, this is a very abstract idea. An example is that, after accepting an individual as a client, a defense attorney has an ethical obligation to defend the client. Problem Description
What is the role of business?
What is the purpose for the existence of business? What role do businesses play in society? These are important questions to answer because, as mentioned earlier,



Bibliography: Colvin, G. (2002). Between right and right [Electronic version]. Forbes, 146 (9), 66. Cruver, B. (2002). Anatomy of greed. New York: Carroll & Graf. Gentile, M., Parks, S., & Piper, T. (1993). Can ethics be taught? Boston: Harvard Business School. Jones, D. (2001). Job-cutting firms target bottom 10%. Retrieved December 21, 2002, from http://www.usatoday.com/tech/news/2001-05-30-cutting-from-the-bottom.htm Lynch, J McKay, Q. (1997). Is lying sometimes the right thing for an honest person to do? Provo, UT: Executive Excellence. Nelson, K. & Trevino, L. (1999). Managing business ethics: Straight talk about how to do it right. New York: John Wiley & Sons. Regulate thyself; Wall Street governance [Electronic version]. (2002). The Economist (US). October 12, 2002. Seglin, J. (2002). Good for goodness ' sake: what we mean when we talk about ethics [Electronic version]. CFO, the magazine for senior financial executives, 18 (10) 75-77. Seligman, D. (2002). Oxymoron 101 [Electronic version]. Forbes, 170 (9), 164. Sheridan, C. (1996). Enlightened self-interest. Retrieved December 21, 2002, from http://www.youknow.com/chris/essays/growth/selfinterest.html

You May Also Find These Documents Helpful

  • Better Essays

    Stanwick, P. A., and Stanwick, S. D. (2009). Understanding Business Ethics (Vols. 1 - 1, pp. 8-12). Upper Saddle River, NJ: Pearson Education, Inc.…

    • 2516 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from https://content.ashford.edu/books/AUPHI445.12.1/sections/sec9.7…

    • 332 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ethical and moral issues in business go hand in hand, and go along well with one another. We each have our own moral standards that make us who we are and what we stand for. Our character comes from our moral ethics, and how we were raised to handle ourselves in certain situations. Ethical behavior comes from society and how we are perceived by society. Ethics in a business setting involves both morals and strong ethics. I am going to attempt to explain what the difference is between moral ethics and business ethics in this paper.…

    • 569 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Abstract: One of the most influential ideas in the field of business ethics has been the suggestion that ethical conduct in a business context…

    • 13247 Words
    • 53 Pages
    Powerful Essays
  • Good Essays

    Ethical Relativism

    • 585 Words
    • 3 Pages

    This article researches and identifies the gap between the theory and practice of business ethics. The author identifies the lack of practice of ethical decision making within the organization and provides what he believes to be one solution to bring ethics back into the business process.…

    • 585 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Ethics and moral obligation are something that we all encounter at one time or another. Even in a professional setting, all persons should act in a manner that would uphold the good of society. Why is it that good, ethical and moral behavior is not always adhered to? Is it because some people do not understand ethics and what it means to be ethical? To be ethical, one has to decide between right and wrong, determine what is for the betterment of society and act accordingly. Ethics have three basic criteria that must be met – obligations, moral ideas, and consequences (Ruggiero, 2004). Businesses have their own code of ethics and the individuals within that business have to determine whether or not they will follow that code of ethics. Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society (Trevino & Nelson, 2004). At times, however, an individual decides to go against the code of ethical behavior for personal gain. This was just the case in the article researched by Team A.…

    • 2854 Words
    • 12 Pages
    Better Essays
  • Powerful Essays

    Trevino, L.K. & Nelson, K.A. (2007). Managing business ethics: Straight talk about how to do it…

    • 2045 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    House of Cards

    • 1546 Words
    • 7 Pages

    Since the 2000 it has been noticeable by many incidents of U.S. corporate corruption, insider schemes and ethical violations. The scandals reinforced many people’s distrust of large corporations. Business ethics is the behavior that a business sticks to in its daily communication with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. In the article “A Framework for Thinking Ethically” ethics is define as the standards of behavior that tell us how human should act in the many situations in which they find themselves-as friends, parents, children, citizens, businesspeople, teachers, professionals, and so on. Furthermore conflict of interest is describe as a situation that has the potential to undermine the neutrality of a person because of the possibility of a clash between the person’s self interest and professional interest or public interest. Also it is explained as a situation in which you cannot do your job fairly because you will be affected by the decision you make.…

    • 1546 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Organizational Ethics

    • 3113 Words
    • 13 Pages

    Lavelle, L. & Borrus, A. (2004, January 26). Ethics 101 for CEOs. Business Week, p. 88.…

    • 3113 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Newton, L. (2008). Taking Sides – Clashing Views in Business Ethics and Society. New York:…

    • 2606 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Business Ethics

    • 9512 Words
    • 39 Pages

    1. Introduction to business ethics 2. Ethical issues in business 3. Ethical theories and how to use them 4. Individual response to ethical issues; personal values 5. Individual response to ethical situation 6. Individual response to ethical issues; whistle blowing 7. Business response to Ethical Issues: Corporate social responsibility 8. Business response to Ethical issues: Sustainability 9. Business responses to ethical issues: ethical codes and standards 10. The International Context: Global and Local Values 11. Moral Leadership 12. Conclusion…

    • 9512 Words
    • 39 Pages
    Powerful Essays
  • Powerful Essays

    Business Ethics

    • 2471 Words
    • 10 Pages

    What is Business Ethics? Business ethics is exactly the same as normal ethics, and that knows what is right or wrong, and learning what is right and what is wrong in a business environment. Then doing the right thing, but "the right thing" is not as straightforward as explained in many business ethics books. Most ethical dilemmas in the workplace are not simply a matter of "Should she steal from him?" or "Should he lie to his boss?" Businesses cannot function without ethics, why? Society dictates a set of rules and conformities and seeing as all businesses strive after common goals it means that these goals can only be achieved on the basis of standards, values and morals in society. It can be assumed that business life has to be called 'moral' as well. As in society, standards and values are spontaneously formed once people come that's when morals come into effect, and when businesses decide on implicit or explicit ways to achieve certain goals and then are agreed on. Businesses in general are working on the basis of an ethics that settles different interests. The standards and values within companies can be characterized as mutual respect. In this respect it is in everyone's interest, and is considering people as an end in themselves, not as a means, reciprocity and fairness. This ethics is passed down and filtered to a group of stakeholders who have an interest in the company.…

    • 2471 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Ethics

    • 21430 Words
    • 86 Pages

    Business Ethics (BE) has been called an oxymoron. By an oxymoron, we mean the bringing together of two apparently contradictory concepts. The statement also suggests that there are not, or cannot be, ethics in business. However, there appears to be good reason to suggest that business ethics as a phenomenon, and as a subject, is not an oxymoron. Whilst there will be disagreements about what exactly constitutes “ethical” business activity, it is possible to introduce a fairly uncontroversial definition of the subject itself:…

    • 21430 Words
    • 86 Pages
    Good Essays
  • Better Essays

    Ethical Prespective

    • 1913 Words
    • 8 Pages

    Business ethics is a controversial topic. The concept of business ethics will be discussed compared to general ethical theories and consequences drawn and an expression of different writer’s interpretation of business ethics and social responsibility.…

    • 1913 Words
    • 8 Pages
    Better Essays
  • Best Essays

    From a historical perspective, the first knowledge of business ethics originated 750 years ago, however, it appears to be a consensus that the business ethics principles had not been widespread before the 1970s (McMahon 2002). Business was firstly described in a formal way in US in 1970s. The interest in business ethics has dramatically accelerated in the last 20 years of last century and it was during that period that business ethics concepts were firstly introduced to Europe and Asia. Recently, more sophisticated concepts of business ethics, such as corporate social responsibility (CSR), is being studied among MNCs. It is generally accepted that business ethics concept has been divided into three strands. The first strand, described by DeGeorge (2005) as ethics-in-business, was simply the long tradition of applying ethical norms to business. It has been applied to all other areas of life, and this was developed prior to 1960s. DeGeorge (2005) stated that the second strand was the development of academic field of business ethics, which is more critical and descriptive that happened between 1970s and 1985. The Last strand, which was after 1985, is ‘the adoption of ethics or at least the trappings of ethics in businesses’ which…

    • 3656 Words
    • 15 Pages
    Best Essays

Related Topics