Business Ethics Business Law
Business ethics are a very important part of the entire business process. It is important to have a firm understanding of the ethical rules of the game in order to perform the best. The purpose of this essay is to discuss and highlight some of the more important effects that ethics plays in business and business law. The essay will discuss the corporation's role within society and what is to be expected from ethical and honest business practices in today's extremely competitive environment.
The Importance of Business Ethics
Polder (2011) wrote of the very high level of importance that companies and corporations must carry when considering their ethical approach to business and business laws and regulations. She wrote " business ethics concerns itself with the choices exercised by the people in organizations in terms of decisions and actions. Some choices are considered to be good and some are not. But there are no standard definitions. A lot of the choice depends on the perspective of what is good for the business and from whose point-of-view." This author explained how no one unifying set of ethical principles can be used in different situations.
Too often business is worried about the greater good of society and applies an ethical approach that is too harsh or too restrictive. Businesses should recognized the importance of survival and self preservation. Incorporating an ethical stance where the company and the company's interests are the top priority, may not win many friends and neighbors, but will most likely guarantee a spot atop the most profitable companies within a market.
Corporate Responsibility
The free market is a purely consensual activity where it takes two parties to complete any deal. Corporations wishing to develop a useful ethical approach to their business must realize that no one is being forced to buy products and services. This "buyer beware"...
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