there are no ethical principles in bussiness
There are no ethical principles in business (33
Some may argue that ethical principles have no role in business and the two do not go hand in hand. However many would argue that this statement is in fact not true as they is a wide variety of theories available ,each of which hold their own ethical principles and in fact these principles are what makes a business truly successful in all aspects.
Many of the ethical issues in business are covered by the code of ethics. Concerning both the employers and employees. Employees, for example should avoid any conflicts of interest such as investing in competing firms. If they were no ethical principles in business then this would make the employer/employee relationship very difficult as neither would know what they can or cannot do or even what is accepted of them in terms of business practice. Although businesses may have numerous purposes one of the aims they usually hold is to make a substantial profit and to reach they maximum potential ethical principles would be necessary.
The laws put into place could potentially mirror these moral obligations such as trade unions. Which are listened to by government and emplyers.Many of the rights enjoyed at work have been won by union campaigning. It could be argued that in the past they may have not been any ethical principles in business this can be seen in historical examples such as child exploitation in Victorian times, entrepreneurs began to change exploitative practices like child labour. However as business progressed it was found that behaving ethically can have a positive impact on the workers i.e them working harder as shown by Cadbury who proved that good ethics could still pay.
When applying ethical theories to business such as utilitarianism, each ethical theory holds different pivotal ethical principles. For utilitarianism, when applying the principle of utility the happiness of the majority is considered. This could mean that it isn’t enough to merely consider
Some may argue that ethical principles have no role in business and the two do not go hand in hand. However many would argue that this statement is in fact not true as they is a wide variety of theories available ,each of which hold their own ethical principles and in fact these principles are what makes a business truly successful in all aspects.
Many of the ethical issues in business are covered by the code of ethics. Concerning both the employers and employees. Employees, for example should avoid any conflicts of interest such as investing in competing firms. If they were no ethical principles in business then this would make the employer/employee relationship very difficult as neither would know what they can or cannot do or even what is accepted of them in terms of business practice. Although businesses may have numerous purposes one of the aims they usually hold is to make a substantial profit and to reach they maximum potential ethical principles would be necessary.
The laws put into place could potentially mirror these moral obligations such as trade unions. Which are listened to by government and emplyers.Many of the rights enjoyed at work have been won by union campaigning. It could be argued that in the past they may have not been any ethical principles in business this can be seen in historical examples such as child exploitation in Victorian times, entrepreneurs began to change exploitative practices like child labour. However as business progressed it was found that behaving ethically can have a positive impact on the workers i.e them working harder as shown by Cadbury who proved that good ethics could still pay.
When applying ethical theories to business such as utilitarianism, each ethical theory holds different pivotal ethical principles. For utilitarianism, when applying the principle of utility the happiness of the majority is considered. This could mean that it isn’t enough to merely consider