To start to answer that question we have to look at the definition of business ethics. Business, as according to Merriam-Webster's Online Dictionary: “Noun: employment; profession; vocation; any occupation for a livelihood; trade; firm; concern.” And here is the definition of "ethic," also from Webster's Dictionary: “Noun, pl.: philosophy which treats of human character and conduct, of distinction between right and wrong, and moral duty and obligations to the community.” So business ethics is concerned with human character, understanding, and distinction between right and wrong, and moral duty, within a livelihood, trade or occupation. Given this definition you can see how there is much debate and confusion as to what business ethics really is.
Business ethics is more of a concept than it is a definable term. Seeing that the definition is somewhat vague, and that business ethics is seen more as a concept, we can assume the concept to be relativistic in nature. Even so, that doesn’t mean it doesn’t exist or can’t be defined more clearly. That just means it exists in many forms and for many different reasons, with many different definitions.
Practicing the right business ethics means getting down to the bottom line. In the end who will the action affect and how? To what extent will it help, and why? W...
... middle of paper ...
...e is one thing I’ve learned it’s not to judge a book by it’s cover. Not to jump to conclusions, or think my first impression is the right impression. Business is a whole world I never knew. It’s one that shape our lives. As individuals we have responsibilities to, in essence, take care of each other. Is it business ethics? Who or what is business anyway but you and I? It’s human ethics and the bottom line.
Cicero (106-143 B.C.). Excerpt from De Officiis, Book III. In L. Cunningham & K. Gunn (Eds.), Business & society—A journey of discovery, 5th edition (pp. 275-283). Boston: Pearson Custom Publishing
Friedman, Milton. “The Social Responsibility of Business Is to Increase Its Profits,” New York Times. Magazine, September 13, 1970. Web. 16 Mar. 2015
Merriam-Webster: Dictionary and Thesaurus. 2015. Web. 16 Mar. 2015
Mill, John S. “From On Liberty, Chapter 2: Of the Liberty of Thought and Discussion.” The Broadview Anthology of Victorian Prose 1832-1901. Ed. Mary E. Leighton and Lisa Surridge. Peterborough: Broadview, 2012. Print.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Ethics in the business world in my viewpoint are a great thing for businesses. The term ethics, according to Understanding Business, is the standards of moral behavior, that is, behavior accepted by society as right versus wrong (Nickels, 2013). In the view of a consumer it would be ideal to have interactions with an ethically bound business. My personal standpoint in dealing with an ethically correct business would instill trust into the business. If I knew they weren’t handling things internally or externally the correct way my view and opinions would go down.... [tags: Ethics, Business ethics, Business, Consumer]
1189 words (3.4 pages)
- Business Ethics ( Business Law) Business Ethics are a set of moral principles, that are established by corporations for rules and regulations. Ethics is the discipline dealing with what is good and bad and with moral duty and obligations. Such as employee theft and fraud, dishonesty and loafing on the job, substance abuse, absenteeism. Ethics are moral duties that many people use every day, ethics are the rules or standards principal of conduct how people live life and make decisions. Understanding ethics is observing what you accept as true and then think about how you would alter those beliefs when tested.... [tags: Ethics, Morality, Business ethics, Employment]
1107 words (3.2 pages)
- Ethics. Business ethics are moral principles that outline how a business is to perform. Often times, companies will help their employees understand what code of ethics they want them to perform by implementing company policies. One of the dilemmas involving business ethics is that there is not always a clear ‘right’ or ‘wrong’ answer. Because of this, sometimes business will develop an ethics training class specific to the company. This could be helpful for employees to have so they know how to handle specific issues that could arise in the workplace.... [tags: Ethics, Business ethics, Business, Management]
1274 words (3.6 pages)
- The first two journal articles that were compared and contrasted were Ala Alahmad’s 2010 article on To Be Ethical or Not to Be: An International Code of Ethics for Leadership and Patrick Murphy’s 2009 article on The Relevance of Responsibility to Ethical Business Decisions. Some key findings of Alahmad’s writings were that ethics and leadership were closely tied together; they were found to be derivatives of one another. He mentioned that ethics is an individual thought process of making good or poor decisions.... [tags: Business Ethics]
970 words (2.8 pages)
- Introduction The purpose of this short paper is to compare and contrast three different peer-reviewed journal articles and one online periodical. First, the paper provides a brief introduction of the four articles. Second, the paper compares and contrasts the four articles. Finally, the author presents his views on the topic of social responsibility and business ethics before concluding the paper. Four Articles All four articles center their focus on business ethics. Of the four articles, three are scholarly peer-reviewed journal articles and one, by Friedman, is an online periodical.... [tags: Business, Ethics]
2005 words (5.7 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. The four articles to be reviewed are; “The Social Responsibilities of Business is to Increase its Profits” by Milton Friedman, “The Relevance of Responsibility to Ethical Business Decisions” by Patrick E. Murphy, “What is ‘business ethics’” by Peter F. Drucker and “To Be Ethical Not To Be: An International Code of Ethics for Leadership” by Ala’ Alahmad.... [tags: Business Ethics ]
2326 words (6.6 pages)
- Business Ethics When one wants to know what is the study of proper business policies and practices regarding potentially controversial issues than I would give them business ethics (ACG, 2009-15). Although, policy and practices are just part of what is business ethic, addressing controversial issues remains a key principle of business ethics. Daft (2015) believes that building relationships require more intelligence and the more intelligence available the simpler we can identify business ethics.... [tags: Business ethics, Ethics, Morality, Business]
1583 words (4.5 pages)
- The Moral Compass essay Ethics relates to given principles that govern behavior and conduct of a human being. Business ethics on the other hand is the code of a conduct that a company or an organization abides to in the day to day operations with the public (Conjecture Corporation, 2011). Making profits and high volume sales should not be the only goal of a business, a good reputation to the public is also very important for the survival of a company. This has led to companies formulating their code of ethics for employees to adapt.... [tags: Ethics, Business, Leadership]
3437 words (9.8 pages)
- Outline : A) General overview. B) Utilitarian theory. C) Kant theory. C) Rawls theory. D) Conclusion. Foreword: This research paper discusses theories in business ethics. It also considers three cases that illustrate ethics principles violation. Thesis: Nowadays in the era of economic relations and international trade business ethics plays a very important role. Nowadays in the era of economic relations and international trade business ethics plays a very important role. It is of vital importance at any level of activity: corporate, state or international.... [tags: Business Ethics]
1776 words (5.1 pages)
- In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter.... [tags: Business Ethics Morals]
1180 words (3.4 pages)