Business Ethics

Powerful Essays
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

  • Powerful Essays

    Business Ethic

    • 2116 Words
    • 9 Pages

    Ethics and Education: OVERVIEW: The study of ethics is essential for a good education for various reasons. In this essay, I will discuss those reasons in detail and provide examples. For one, it teaches students to become better individuals by teaching them to abide by society’s rules and regulations. It also teaches students to lead by example and be better leaders. Most important of all, it also helps students deal with conflicts in the present and future. Before I start to tell you what the…

    • 2116 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Business Ethics

    • 7229 Words
    • 29 Pages

    National Institute of Fashion Technology HYDERABAD Master of Fashion Management (2013-15) PROFESSIONAL PRACTICES REPORT ON: BUSINESS ETHICS SUBMITTED BY: SANTHI BIJU (30)…

    • 7229 Words
    • 29 Pages
    Good Essays
  • Good Essays

    business ethics

    • 1868 Words
    • 7 Pages

    ETHICS AND BUSINESS Prepared by: Diosen Cortes Rose Ann Isidro Glenda Macasieb Marlon Romero Jerome Duque Soriano Instructor ETHICS AND BUSINESS “There are two educations. One should teach us how to make a living and the other how to live”.-John T. Adams Introduction Business is part of human society and as old as human civilization. It is part of the complex web of interaction among institutions and people; its activities must be viewed and…

    • 1868 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Business Ethics

    • 556 Words
    • 5 Pages

    PROGRAMME : DIPLOMA IN MARKETING LECTURER : NOR ZARINA BINTI PITDIN CLASS : DPM 5A COURSE BUSINESS ETHICS COURSE CODE PB503 CREDIT 3 SYNOPSIS BUSINESS ETHICS is about relationships, values, justice, and culture (personal, professional, corporate, national and global). It also provides a basic framework for examining the range of ethical issues arising from a business context. This course also discusses on the issues of right and wrong actions or decisions from all levels…

    • 556 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Business Ethics

    • 544 Words
    • 3 Pages

    to determine if a business is one of the most ethical businesses? Key business topics include but not limited to code of business ethics, corporate social responsibility and vendor code of conduct. I am going to review these topics on Jones Lang LaSalle. Jones Lang LaSalle is a financial and professional services firm specializing in commercial real estate services and investment management. Hopefully this will give you a thorough understanding on a company on top of the business world with their…

    • 544 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Ethics in Business

    • 1538 Words
    • 7 Pages

    The Importance of Ethics in Business Recent events in corporate America have demonstrated the destructive effects that occur when the leadership of a company does not behave ethically. One might wonder how such gifted, highly; savvy organizations such as Enron, Tyco, and WorldCom got themselves in such of a big mess! Well, I am here to tell you that the answer lies within the idea and importance of business ethics. "Business ethics should be interpreted as the standards of conduct of…

    • 1538 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Business Ethics

    • 678 Words
    • 3 Pages

    Chapter 1: Key concepts in business and professional ethics [Unit 1: Introduction to Business Ethics Unit 1: Introduction to Business Ethics Ethics and Values] * Values = what is good and desirable? * People do not share the same values * Values are influenced by……… Moral dilemmas…….. EXAMPLE A brilliant transplant surgeon has five patients, each in need of a different organ, each of whom will die without that organ. Unfortunately, there are no organs available to perform any of…

    • 678 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Business Ethics

    • 1520 Words
    • 7 Pages

    Subject- Business Ethics Subject code- 665A General Instructions: ✓ The Student should submit this assignment in the handwritten form (not in the typed format) ✓ The Student should submit this assignment within the time specified by the exam dept ✓ Each Question mentioned in this assignment should be answered within the word limit specified corresponding to each question. ✓ The student should only use the Rule sheet papers for answering the questions…

    • 1520 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Business Ethics

    • 888 Words
    • 4 Pages

    Business Ethics An Introduction to Business Ethics and Social Responsibility Lecture Etiquette • Try to be on time • Quietly enter and leave the lecture theatre • Be respectful to lecturers and other stude• Lecturers: Course objectives  To introduce students to ethical and political debates regarding the social responsibilities of businesses and corporations  To introduce students to ethical concerns that surround businesses and their treatment of a variety of…

    • 888 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Ethic

    • 481 Words
    • 2 Pages

    Business Ethic Business ethic is the study of standard of the business behavior which promote human welfare and the good. It is also the examination of moral and social responsibility in relation to business practice and decision-making in business. Business ethics are often guided by law, while other times provide a basic framework that businesses may choose to follow in order to gain public acceptance. The law is the key starting point for any business. Most leading businesses also have…

    • 481 Words
    • 2 Pages
    Satisfactory Essays