Essay about The Ethical Approaches Of Business Ethics

Essay about The Ethical Approaches Of Business Ethics

Length: 1172 words (3.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

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...

... middle of paper ...

...' 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.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Ethical Approaches And Ethical Decisions Essay

- What is dilemma. Dilemma means when one has to select a choice in a difficult situation. Now what is ethics. Ethic means selection between rights things and wrong things and knowingly chooses the right side of the situation. In today’s society we are facing ethical dilemma on regular basis which force us to use our judgment relevant to the problems. According to the philosopher 's point of view our moral values helps to choose the right path and teach us to behave in the society. Similar concept applies in business too, we have to select between right and wrong thing and be on the right side....   [tags: Business ethics, Ethics, Morality, Philosophy]

Better Essays
722 words (2.1 pages)

Business Ethics : Ethical Or Unethical Behavior Essay

- Business ethics can be defined as ethical or unethical behaviors by employees in the context of their jobs (Ebert, R., & Griffin, R. 2011). Business ethics explains why people make the decisions that they do concerning their job. An individual’s opinion on what is ethical or unethical behavior usually differs depending on their beliefs or social norms, otherwise known as culture. Culture, which is just the beliefs and behaviors of a particular group, is extremely important to business ethics (Storti, C....   [tags: Culture, Business ethics, Sociology, Ethics]

Better Essays
774 words (2.2 pages)

Importance Of Business Ethics And Ethics Essay example

- Importance of Business Ethics There are a variety of different things that can affect a business if it isn’t being ran the right way. Most people think running a business is a piece of cake and it isn’t because it’s a lot of work that goes into it. When running a successful business, you must make sure the right ethnical decisions and approaches are being made. Ethical decisions should be made with the thought of the business in mind because everything you do affects the business in the long run....   [tags: Ethics, Morality, Business ethics]

Better Essays
1424 words (4.1 pages)

The Ethics Of Business Ethics Essay

- Introduction Ethics is referred as the standards of right and wrong. It is the study of own moral belief and moral conduct. Ethics play a major role in business. In today 's society, acknowledging and exercising the ideas of ethics is a fundamental factor that many organizations stress among business. The expression “good ethics is good business” is often frequently discussed. It 's been suggested that the topic is not strange in business. Business ethics is an application of ethics in general. The field of ethics is associated with what is right and wrong....   [tags: Ethics, Business ethics, Morality, Decision making]

Better Essays
1866 words (5.3 pages)

Values And Code Of Ethics Essay

- Value Colleagues Code of Ethics Each employee or individual will also have their personal code of Ethics and it’s vital to also take time to understand those Ethics and respect each individual views related to Ethics. Ethics are usually influenced by religion and culture and it’s vital that an individual ethics and respect their codes of ethics. This requires for a neutral interaction between the individual which will ensure they accumulate adequate information regarding each person ethics thus boosting their ability to abide by each individual ethics....   [tags: Ethics, Business ethics, Person, Individual]

Better Essays
956 words (2.7 pages)

Ethical Perspectives On Ethics And Ethics Essay

- It is essential to check the three most relevant ethical perspectives which are utilitarianism, Rawls’ justice and fairness and deontologist, before explaining them, it is important to know that there are many ethical perspectives which can be implicated in ethics, therefore, in business as well. Let me explain the meaning of them, before knowing how each ethical perspective is applied in business. Firstly, utilitarianism is one of the most common ethical theories in the XIX century besides that it was “used to explain the importance to get the greatest benefit considering the great number of people, as a result, the happiness of each person depends on the other” (philosophy glossary)....   [tags: Ethics, Immanuel Kant, Justice, Philosophy]

Better Essays
1066 words (3 pages)

How The Code Of Ethics Is Influencing The Various Practices And Policies At & T

- Introduction One of the strategies used to define the way a firm 's employees will interact with stakeholders is to utilize a code of ethics. These are clearly defined practices that determine the way everyone deals with specific issues. This ensures that the company is taking into account critical issues and offering something more to cliental through embracing these practices. In this case of AT&T, they are using these tools to adjust and evolve with the challenges they are facing. To fully understand what is occurring requires focusing on the firm, key issues, comparing their practices with a competing organization, examining different approaches, their lobbying strategy and analyzing gl...   [tags: Ethics, Business ethics, Ethical code]

Better Essays
1813 words (5.2 pages)

An Ethical Theory Applied to Business Organizations Essay

- The object of this essay is to establish whether there is an ethical theory that can be successfully applied to business organizations. In order to answer this question, it is necessary first to define the major ethical theories, which are utilitarianism, deontology and virtue ethics, before determining whether there are any other options. After that, the ethical needs, problems and limitations of work organizations will have to be examined so that the different theories can be evaluated in this context....   [tags: Business Ethics]

Better Essays
2803 words (8 pages)

Virtue Ethics Essay

- Sally has obviously damaged the company, so her actions will definitely require an appropriate form of punishment. However, there are several factors that have to be taken in account. For example, Sally was a loyal, responsible, and fair worker during the last 20 years, so any extreme form of punishment could damage both Sally and the company. On the other hand, an inappropriate response from the management could encourage her deviant behavior towards the company in the future. With several conflicting factors apparent in this case, working out an appropriate solution is difficulty....   [tags: Ethics ]

Free Essays
963 words (2.8 pages)

Business Ethics Essay

- Business Ethics Ethics is a branch of philosophy that inquires into the nature of ultimate value and the standards by which human actions can be judged right or wrong (“ethics,” Collegiate). Ethics is not primarily concerned with the description of moral systems in societies. That task, which remains on the level of description, is one for anthropology or sociology. In contrast, ethics deals with the justification of moral principles. A Brief History of the Study of Ethics Ethics has been studied since ancient times....   [tags: Philosophy Ethics Morality essays research papers]

Better Essays
1512 words (4.3 pages)