Importance of Ethics in Business as an Academic Discipline
0.1 OUTLINE OF THIS PAPER
This paper is discussed under the following broad areas:
Preliminaries
1. Statement of the Problem 2. Executive Summary
Main Paper 1. Introduction to Business Ethics 2. Ethics as an Academic Discipline 3. Importance of Ethics in Business as an Academic Discipline 4. The Case Against Business Ethics Education 5. Conclusion
0.2 STATEMENT OF THE PROBLEM
Question 1:
Discuss the importance of Ethics in business as an Academic Discipline.
0.3 EXECUTIVE SUMMARY
In today’s highly competitive, performance-driven business climate, regulations are not enough; professional ethics codes are not enough; the old model of “business ethics” is not enough.
According to a 2003 survey of corporate directors and general counsel conducted by the National Association of Corporate Directors and the American Corporate Counsel Association, “…the two groups overwhelmingly agree that the single measure that would most improve corporate governance is the establishment by senior management of an ethical business culture.” And, “Another clear message of the survey is that ethical leadership from the top is the key to reducing corporate malfeasance.”
Considering the ethical failures in the last several years and the resulting crisis in confidence, a sincere commitment to creating and sustaining an ethical business culture in public and private sectors has never been more important.
It is important that each individual feels personally ethically responsible. How an individual treats others, is affected by the way the individual is treated within the organization or by society. The focus on ethics provides a guide to individual and organizational actions in a consistent manner. The question ethics tries to answer is: “Is this the right thing to do? The purpose of ethical inquiry is to create a framework of general principles or right and wrong, what one might do, and what one’s duties are.
The ethical application in a business situation is for
This paper is discussed under the following broad areas:
Preliminaries
1. Statement of the Problem 2. Executive Summary
Main Paper 1. Introduction to Business Ethics 2. Ethics as an Academic Discipline 3. Importance of Ethics in Business as an Academic Discipline 4. The Case Against Business Ethics Education 5. Conclusion
0.2 STATEMENT OF THE PROBLEM
Question 1:
Discuss the importance of Ethics in business as an Academic Discipline.
0.3 EXECUTIVE SUMMARY
In today’s highly competitive, performance-driven business climate, regulations are not enough; professional ethics codes are not enough; the old model of “business ethics” is not enough.
According to a 2003 survey of corporate directors and general counsel conducted by the National Association of Corporate Directors and the American Corporate Counsel Association, “…the two groups overwhelmingly agree that the single measure that would most improve corporate governance is the establishment by senior management of an ethical business culture.” And, “Another clear message of the survey is that ethical leadership from the top is the key to reducing corporate malfeasance.”
Considering the ethical failures in the last several years and the resulting crisis in confidence, a sincere commitment to creating and sustaining an ethical business culture in public and private sectors has never been more important.
It is important that each individual feels personally ethically responsible. How an individual treats others, is affected by the way the individual is treated within the organization or by society. The focus on ethics provides a guide to individual and organizational actions in a consistent manner. The question ethics tries to answer is: “Is this the right thing to do? The purpose of ethical inquiry is to create a framework of general principles or right and wrong, what one might do, and what one’s duties are.
The ethical application in a business situation is for
References: 1. FERRELL, O. C., FRAEDIRICH, J. & FERRELL, L. (2005). Business Ethics: Ethical Decision Making and Cases. Houghton Mifflin Company, U.S.A. 2. Hooker, J. (April 2003). Why Business Ethics? Carnegie Mellon University. 3. http://wpweb2.tepper.cmu.edu/ethics/whybizethics.pdf 4. http://construct.haifa.ac.il/~danielp/soc/sims.htm 5. http://changingminds.org/explanations/values/values_morals_ethics.htm 6. Friedman, M (1970), “The Social Responsibility of Business Is To Increase Its Profits,” New York Times Magazine (September 13). 7. http://en.wikipedia.org/wiki/Meta-ethics