Overview of Business Ethics

Business Ethics

In today’s business world, organizations have an effect on many people especially in the working class of our society. They have an obligation to their employee, customers, society and the world to set a good sample of an ethical environment. It is their responsibility to conduct business in a way that is not harmful and which positively benefits as many people as possible and themselves. Although this sounds simple, and it is easier said than done, as there will always be a conflict of interest between various groups of people or organization. Any decision made by businesses need to be made with an educated awareness of the precise situation and then act according to some sort of system of principals which is ‘Business Ethics’.

What is Business Ethics?

Business ethics is exactly the same as normal ethics, and that knows what is right or wrong, and good and bad behavior. It is the study of what makes up good and bad conduct as related to business activities and values. (Kubasek, Brennan & Browne 2006) Ethics plays a very important role in one social system and basically on how the people will make their actions or decide on a particular thing on whether it is the right or the wrong thing. Ethical reflection is very important, it helps a person or a group of person understands whether the actions are right or wrong. Ethics is a very critical factor most especially when considering where the ethical standards are applied to. Aside from it, weigh results of events or decision is also another major concern because of the fact that a person has dangerously analyze whose side is needed to satisfied. There are instances that moral obligations are also measured, in which moral is defined as a universal accepte...

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... product of greed of white collar crimes committed by powerful CEOs of corporations like Enron and WorldCom. With the help of employees who has the conscience and blew the whistle on the crimes committed by their superior, these crimes will not be solved today. Codes of Ethics is one communication mode that an employee within the organization, to gain knowledge of the rules and regulation concerning ethical boundaries within their organization culture.

Works Cited

Brenkert, G. G. (2010). The Limits and Prospects of Business Ethics. Business Ethics Quarterly, 20(4), 703-709. Retrieved from EBSCOhost.

Gray, C. & Larson, E. (2008). Project Management: The Managerial Process (4th ed.). New York, NY. McGraw-Hill Irwin.

Kubasek, N., Brennan, B., & Browne, M. (2006). The Legal Environment of Business (4th ed.). Upper Saddle River, NJ. Pearson Education, Inc.