Preview

It's Good Business

Good Essays
Open Document
Open Document
563 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
It's Good Business
It’s Good Business: Robert Solomon
In “It’s Good Business”, Robert Solomon, a philosophy professor at University of Texas, explores the fundamentals and significance of practicing good business ethics in decision making. He tackles the correlation between understanding ethics and doing a better job, and the direct implications of not taking the value of right moral into account. In addition, he explicates the myth of amoral business. Lastly, he presents the three C’s of Business ethics and the eight essential rules for ethical thinking in business. In this essay, I will explain and cite examples why I agree or disagree with Robert Solomon’s point of views about business and business ethics. Some of his claims that I will discuss are “Good Ethics is Good Business”, “unethical conduct hurts business as a whole”, and “business is not fundamentally amoral or immoral. Business is not blind scramble for profits and survival but rather established practice with firmly fixed rules and expectations, and people in business are professionals”.

According to Robert Solomon, “Good Ethics is Good Business” and “unethical conduct hurts business as a whole”. I agree with his point of view because in the previous years, we have witnessed the fall down of the “big companies” due to their unethical practice. The demise of Enron, Adelphia Communications Corporation, WorldCom is an example that a business without good ethics will not exists for too long. I also agree that being aware of the 3C’s, which are Compliance, Contributions, and Consequences, is the best tool to define Good Ethics in Business. He used Break Breaker Inc. case to prove that unethical business strategy will lead to the quick demise of business. Break Breaker Inc. to some extent comply with legal rules, but failed to comply with principles of morality and community, contribute to the society by producing honest high quality services, and account the consequence of damaging their reputation. Internally, the

You May Also Find These Documents Helpful

  • 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/sec1.3…

    • 360 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved…

    • 357 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    mgmt 368

    • 4592 Words
    • 20 Pages

    This course will focus on issues and perspectives of right and wrong in American business. The course begins with a survey of philosophical approaches to ethics and morality and continues in an application of these approaches to real world cases drawn from the functional areas of business.…

    • 4592 Words
    • 20 Pages
    Powerful 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

    Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from…

    • 370 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Mike Rich

    • 2507 Words
    • 11 Pages

    Donaldson, Thomas, Patricia Hogue. Werhane, and Zandt Joseph D. Van. Ethical Issues in Business: A Philosophical Approach. Upper Saddle River, NJ: Pearson/Prentice Hall, 2008. Print.…

    • 2507 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Phi 445 Final Paper

    • 2300 Words
    • 10 Pages

    With all that is happening throughout the world in general and the economic crisis that is engulfing our nation in particular, this paper has provided me the opportunity to reflect on my ethics. Values and ethics are a part of our everyday lives. We wake up to these values and beliefs each day as they are the “rules” that govern us. Ethics is not just about morality; it is a complex dimension of personal and corporate life that can lead to higher performance by both business and society. All of us, especially those in the business world, need to make immediate decisions. The choices we make need to be driven by our ethics.…

    • 2300 Words
    • 10 Pages
    Powerful 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

    Accounting Ethics

    • 95067 Words
    • 381 Pages

    Written by an assembly of the most distinguished figures in business ethics, the Foundations of Business Ethics series aims to explain and assess the fundamental issues that motivate interest in each of the main subjects of contemporary research. In addition to a general introduction to business ethics, individual volumes cover key ethical issues in management, marketing, finance, accounting, and computing. The books, which are complementary yet complete in themselves, allow instructors maximum flexibility in the design and presentation of course materials without sacrificing either depth of coverage or the discipline-based focus of many business courses. The volumes can be used separately or in combination with anthologies and case studies, depending on the needs and interests of the instructors and students. 1 2 3 4 5 6 7 8 John R. Boatright, Ethics in Finance, second edition Ronald Duska, Brenda Shay Duska, and Julie Ragatz, Accounting Ethics, second edition Richard T. De George, The Ethics of Information Technology and Business Patricia H. Werhane and Tara J. Radin with Norman E. Bowie, Employment and Employee Rights Norman E. Bowie with Patricia H. Werhane, Management Ethics Lisa H. Newton, Business Ethics and the Natural Environment Kenneth E. Goodpaster, Conscience and Corporate Culture George G. Brenkert, Marketing Ethics…

    • 95067 Words
    • 381 Pages
    Good Essays
  • Powerful Essays

    Owens, J. (1978, February) Business Ethics: Age Old Ideal, Now Real. Business Horizons 21, 26-30.…

    • 1498 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    The Adelphia Scandal

    • 1129 Words
    • 5 Pages

    Cited: "Chapter One: Ethical Theory and Business Practice." Ethical Theory and Business. Ed. Tom Beauchamp and Norman Bowie. Prentice Hall: Upper Saddle River, 2004. 1-44…

    • 1129 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Business Ethics

    • 3443 Words
    • 14 Pages

    Ethical decision making in an organization is based on the moral judgment about right or wrong is often influenced by its own culture. When the decision is ethical or moral, employees act for the right course of action accordingly. Business ethics or the code of ethics has now days became the part of implementing organizational strategy and it development since it emphases on stopping business malpractices, business survival, protecting employees and its shareholders, better relation with both internal and external customers, HR function, smooth functioning and health competition to competitors. Unethical business behavior will definitely damage organization’s reputation that will have negative impact in the market which in turn will discourage the investors. This kind of consequence will result in low profit. Therefore, the purpose of this report is to emphasize on the ethical issues, perspective, ethics in workplace relationship and objectives of business.…

    • 3443 Words
    • 14 Pages
    Best Essays
  • Good Essays

    References: Beauchamp, T. L., Bowie, N., & Arnold, D. (2009). Ethical Theory and Business, (8th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.…

    • 631 Words
    • 3 Pages
    Good Essays