In order to address the issue of right or wrong, the crucial starting point for business is the question of whether companies are actors who have to make decisions beyond simply producing goods and services on a profitable basis. The point is, if organizations are providing us great products and services to fulfill our needs and desires, hire best human resource to produce them and pay taxes on time, aren’t they are making a noticeable contribution to the society or do corporations have a moral responsibility, similar to what we as individuals have towards the society? Are organizations bound by a business conduct or ‘business ethics’ to keep practicing in the world? Questions on how to manage employees fairly, what are ethical responsibilities towards society, or what continues deception in advertising, are of equal importance for organizations such as Greenpeace, any democrat party; as they are for Volkswagen, Nestle, or Cadbury’s.
What are business Ethics?
Business ethics, it has been claimed, is an Oxymoron (Collins,1994). This simply suggests that there are not, or cannot be, ethics in the business (i.e., business is intrinsically bad). Till date, numerous scandals such as exploiting sweatshop workers, bribing government officials, deception of unwary consumers have featured the unethical ways of how some business houses go about their operations in the business world. Just that such derelictions take place, doesn’t mean that there are not some kind of values or thoughts driving such decisions. What we might consider as ‘bad ethics’, are ethics of some sort. It is thus important to understand as to why such decisions are made at first place, and whether or not more welcomed decisions and practices can be put int...
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...ovals and that happens from top management. Hence, the approach should be reversed giving employees a chance to be a part of the organization and making them feel that their participation and initiative matters.
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Quora.com,. "What Was The Reason Behind The Bhopal Gas Tragedy? - Quora". N.p., 2016.
Wasserman, Todd. "Toyota: We Lied About Acceleration Glitches, Twice". Mashable. N.p., 2014.
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