In this essay, I will strive to answer the question: “Is Business Ethics an Oxymoron? “ by digging deeper into the fundamental values of both legal and illegal business and morally evaluating them under the perspectives of Bentham/Mill (Utilitarianism), Kantianism, Virtue Ethics and Christian Ethics.
In order to gain a better understanding of the aforementioned topic, I will aim in reviewing various forms of business, both legal and illegal and dig a bit deeper into the strive for wealth in order to define the core values of business in general, rather than reviewing it in private cases. Upon properly defining the drive behind a business, I will test the extracted fundamental values under several ethical perspectives in order to find out whether Business Ethics can indeed be an oxymoron. In order to gain a more …show more content…
Does it bring value to the organization, to the owner, to the customers or to its shareholders?
According to Investopedia:
“Any person, company or other institution that owns, at least, one share of a company’s stock. Shareholders are a company's owners. They have the potential to profit if the company does well, but that comes with the potential to lose if the company does poorly. “ Summing everything up so far, we can conclude that the sole purpose of business would be to bring value to its customers and thus maximizing profit to the business owners or shareholders (depending on the proprietorship).
In order to have a better understanding of Utilitarianism, one is ought to understand that the basic principle of the aforementioned can be often described as
“..happiness as intended pleasure and the absence of pain; by unhappiness, pain and the privation of