Sample Essays Business Ethics essay: The world is in the age of innovations, with an exponential free market growth in a world economy. Never than before, more and more people and countries are getting interwoven through technology, spreading freedom and democratic ideals, to enhance free markets; to protect personal property rights; and at the same time encouraging respect for human rights, conserving the environment and the respect for human rights. Electronic businesses in the modern society are expected to adhere to standards of responsible business practices that are more than what has been in place traditionally.
Varieties of business ethics Many people engaged in business activity, including accountants and lawyers, are professionals. As such, they are bound by codes of conduct promulgated by professional societies. Many firms also have detailed codes of conduct, developed and enforced by teams of ethics and compliance personnel.
Business ethics can thus be understood as the study of professional practices, i. This entry will not consider this form of business ethics. Instead, it considers business ethics as an academic discipline.
Business ethics as an academic discipline is populated by both social scientists and normative theorists. This is reflected in the attendees of academic conferences in business ethics and the types of articles that are published in business ethics journals.
Social scientists—who at this point comprise the largest group within the field—approach the study of business ethics descriptively. They try to answer questions like: Does corporate social performance improve corporate financial performance, i. I will not consider such questions here. This entry focuses on questions in normative business ethics, most of which are variants on the question: What is ethical and unethical in business?
Considered only as a normative enterprise, business ethics—like many areas of applied ethics—draws from a variety of disciplines, including ethics, political philosophy, economics, psychology, law, and public policy. This is because remedies for unethical behavior in business can take various forms, from exhortations directed at private individuals to change their behavior to new laws, policies, and regulations.
One is that the means of production can be privately owned. A second is that markets—featuring voluntary exchanges between buyers and sellers at mutually determined prices—should play an important role in the allocation of resources.
Those who deny these assumptions will see some debates in business ethics e. Merck and Wal-Mart are examples of the first type organization; Princeton University and the Metropolitan Museum of Art are examples of the second.
Business ethicists sometimes concern themselves with the activities of non-profit organizations, but more commonly focus on for-profit organizations. Indeed, most people probably understand businesses as for-profit organizations.
Corporate moral agency One way to think about business ethics is in terms of the moral obligations of agents engaged in business activity.
Who is a moral agent? To be precise, the question is whether firms are moral agents and morally responsible considered as qua firms, not considered as aggregates of individual members of firms. In the business ethics literature, French is a seminal thinker on this topic.
He bases this conclusion on his claim that firms have internal decision-making structures, through which they 1 cause events to happen, and 2 act intentionally.
Donaldson claims that firms cannot be persons because they lack important human capacities, such as the ability to pursue their own happiness see also Werhane Other responses denied that firms are moral agents also.
Velasquez argues that firms lack a necessary condition of agency, viz. In later work, French recanted his claim that firms are moral persons, though not his claim that they are moral agents. Discussions of corporate moral agency and moral responsibility have largely faded from the business ethics literature as of Business Ethics and Social Responsibility Essay Words 10 Pages This paper will compare and contrast the various interpretations of four separate authors in respect to ethics and social responsibility as they apply to business.
Abstract This essay aims to analyze the essential of ethical business behaviour. This essay will focus on the business ethics on employees. After the introduction part, the definition of business ethic and corporate social responsibility will be given in Chapter 2.
Business ethics revolves around the question of morality in business dealings. Business ethics can also mean distinguishing between right and wrong.
It is a regulation on behaviour of employees in a business setting%(34). The Importance of Ethics in Business Essay Words 6 Pages Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (benjaminpohle.com, ).
Business ethics revolves around the question of morality in business dealings. Business ethics can also mean distinguishing between right and wrong. It is a regulation on behaviour of employees in a business setting%(32). In Bangladesh, though practice of Business ethics is still not so commendable in public sector and small companies, but business ethics has been an increasing concern among larger companies, at least since the s.5/5(6).