Essay On If War Can Have Ethics

Ethics can be defined as the system of rules that governs the ordering of values. Most people are ethical, unbiased, and make good decisions. However, there are people who tend to be bias and favor themselves and their group over others. In business, they are better described as the moral principles and standards that guide behavior. Which basically means that there is a right and wrong in the workplace and in order to be ethical, you must understand the difference between the two. The decision to behave ethically is a moral one; people must know how to decide what the right course of action is. Decisions taken within an organization may be made by either individuals or groups, but whoever makes them will be influenced by the culture of the company. For example, unethical behavior or lack of corporate social responsibility may damage a firm’s reputation, therefore making it less appealing to stakeholders. As a result, profits could fall. The article “If War Can Have Ethics, Wall Street Can, Too” discusses unethical behavior within financial institutions and how obvious it is to the public. Recent scandals have swamped people such as company executives,

Which simply means that there is a line between what is right and what is wrong. The principles of a moral economy would try to avoid the harmful excesses while attempting to preserve its societal benefit. Developing fair principles to give a more moral understanding of capitalism might be able to provide pathways for a more unbiased distribution of income and wealth, which would create good outcomes for society at large. The goal is to develop and implement principles of a moral economy which serves the greater good of society. This means that the ethical system being used in this situation is utilitarianism. Utilitarianism is defined as the ethical system that states that the greatest good for the greatest numbers should be the major concern of decision