Environmental Issues, Business Ethics
Background history on business ethics
The term "business ethics" has contexts in different ways making the history of business ethics vary according to how one perceives the subject. The history is likely to vary on the historians. How they also perceive the term, what facts they seek to find as first hand information, and the importance the historians see on those facts. This subject solely depends on the historian, but at the end of it all, the facts should prompt some discussion, and someone else grasps it giving a different story on the same.
The term business ethics has at least three different usages, although all the three have an evident similarity. The way that one chooses to prioritize gives meaning to the nature of history on the subject. The first source of the term dates back to 1970, when the term originally used in the United States. Its origin here associated the term with academic writing, meetings, and in development of an academic field of teaching research, and publication. Later on, the term got more usage in the media and public discourse. In these two places, it got association with business scandals what they called "ethics in business."
The association with business scandals broadened the sense of history of business ethics, and it makes the history of business relevant in this subject. This means commercial exchanges, which later developed into economic systems. Lastly, business ethics corresponds to a movement within the business field, or the movement to build illegal ethics into structures of corporations in forms of ethic codes, ethic committees, and ethic training. Today, the term has widely spread globally making its meaning and history vary (George, 2012).
The ethics sense of business ethics
In this view, ethics in business means the application of everyday moral or ethical beliefs to business. From a philosophical approach, Kant discuses the need of fairness in the republic and Aristotle discusses economic relations, commerce and trade. The idea of business ethics continues to date. It focuses on the moral and ethical actions of individuals. In discussing this subject, immoral or unethical examples immediately come up. Included in this subject is the criticism of corporations that use child labor, pay their employees poorly or those who utilize suppliers running very low business.
Marx claims that capitalism has a basis on exploitation of labor. This is a moral condemnation because "exploitation" is associated with morals in an immoral way. He based his analysis of ethics in business on the labor theory of value. According to this theory, all economic value comes from the human workforce. Again, Marx argues that the only commodity not sold at its real value is human labor. He says that human labor receives very low compared to what it produces. In its place, socialism would be adopted which would later develop to communism. At the end, the society would be free of exploitation.
Many businesspersons strongly apply religious beliefs and ethical norms in their business activities. Aaron Feuerstein is a good example. When his Mill Factory caught fire and almost destroyed, he still paid his employees. He kept them on the payroll until the factory was back in business. Business ethics is very prominent in ordinary persons whenever there is a discussion about the subject. Bad ethics is a representation of the need of ethics in business or corporations. Business people should incorporate good ethics in their activities; treat their workforce in acceptable ways (George, 2012).
Business ethics as an academic field
In another perspective, business ethics is looked at an academic field. After the Second World War, the United States was becoming a dominant economic force globally. American corporations were growing, and big businesses replaced small business. Later on, corporations found themselves under attack by the public, this lead to the development of social programs, which captured corporation's activities beneficial to the society, and usually, not all were beneficial, the companies with activities that were not good for the society was charged with unethical behavior. Business schools responded by developing of social issues in management...
Business Ethics Focus on Merrill Lynch According to Laura Hartman and her co-writer, Joe Desjardins in the work entitled "Business Ethics: Decision Making for Personal Integrity & Social Responsibility" philosophical ethics may be clearly differentiated from theological ethics because theological ethics attempted to disseminate the well-being of an individual on a religious basis while the ethics of an individual's philosophy is such that provisions of justifications that can be applied to
D.). When a company deals with its purchasing in unethical ways, it cannot suppose its suppliers to be trustable associates and guarantee business continuity. If one doesn't align with something, they shouldn't expect others to do it either. This weakens the entire value chain making it less aggressive in the market. Hence it is important for both buyer and supplier to connect in ethical dealings in their transactions (Ethical Buying or
Business Ethics Company Overview Ethics and Code of Conduct Guiding Principles Our Ideology; Our Objectives; Our Core Values that shape us; As a part of my Business Ethics lesson I have a task to criticize and improve my company's code of ethics, before doing that I want to briefly explain about my company; MLS Holding and what we do? The most effective statements in regard to business ethics are rooted in the strategic vision of an organization
Business Ethics "the High Cost of High-Tech Foods case" The cost of high-tech food continues to arouse debates over the ethical, moral, and practical impacts the foods have on the people, market, and economy. However, it is evident that the proponents and opponents of the motion do not seem to come to agreement as each holds their view right. The situation worsens due to the application of emotions in addressing the matter
Business Ethics Palmeri, C&Rupp, L 2013, May 3, Disney Bangladesh Exit Pressure on Clothes makers Who Stay, Retrieved from http://www.bloomberg.com/news/2013-05-03/disney-bangladesh-exit-puts-pressure-on-those-who-may-stay-1-.html The work of Palmeri and Rupp (2013) is focused on highlighting the issues faced by the multinational organizations while operating in developing markets. It is highly likely for large organizations to develop their overseas presence. However the economically developing markets a number of issues including environmental, infrastructural, and compliance with health and
Business Ethics - Masters Business Administration Essay - Drawing relevant literature, critically evaluate a position debates firms responsibility maximising shareholder returns. Discuss implications chosen position a manager concerned impact company environment. Business ethics Throughout the past recent decades, the means in which the economic agents conduct their business operations have suffered some notable changes, in the meaning that less apparent emphasis comes to be placed on profits, and more on generating socio-economic
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now