Essay about The Ethical Approaches Of Business Ethics

Essay about The Ethical Approaches Of Business Ethics

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Because society is fundamentally based upon performance and profit, it is necessary to impart a sense of corporate social responsibility with regard to modern commerce. The ethical approaches of purpose, principle and consequence are integral components of business social performance; itemizing these contributions involves incorporating the interests of ethics and morality within the corporate structure. These are essential concepts that are often absent from a managerial standpoint. Corporate social responsibility should exist within every company 's infrastructure; however, social integrity is not something that is often at the forefront of modern day business dealings. Ethics, business and society must work in tandem or there is no purpose for any of its existence. Unethical practices are what create a climate of contempt and distrust, leading to consumers harboring ill will. This is no way to run a business Ethics are a necessary and critical ingredient in any successful enterprise1. Establishing such ethical fortitude is not difficult if a moral and conscientious outlook is maintained . Ethical concerns run rampant among various entities, posing questions along the way as to whether a particular practice is deemed morally acceptable. Ethics sometimes get in the way of resolving questions like: What is the ethical concern? Am I being true to myself? Why is this bothering me? Is it my problem? What do others think? Who else matters? 2 Establishing reasonable ethical guidelines, and therefore appropriate corporate social responsibility, must come from a management perspective. This the primary location where policy is derived. Utilizing the insightful perspectives of Beauchamp et al (1996), which include purpose, principle and c...


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...' Discussions about stock price movements, instrumental ethics, and shareholder wealth obscure the true moral argument" (Quinn et al, 1995, p. 22). Determining what constitutes values is the fundamental purpose of corporate social responsibility. Given the fact that all of humanity must coexist on the same planet, there has to be a modicum of consideration with regard to business values. If not, then there would be no sense of tolerance or respect for individual life. People have to abide by an ethical code to ensure proper behavior among the world’s population. Yet, again, who is to determine what this corporate ethical code will represent, and who is to say that all commerce must follow it? Clearly, defining ethics is to define man’s proper values and interests, a concept that Beauchamp et al contends must exist within the framework of all business infrastructures.

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