Essay on Business Ethics

Words: 1442
Pages: 6
Open Document
What is ethics? Ethics can be defined as a set of principles used by an individual to govern his or her decisions in an effort to ensure fairness and equality. Business ethics, as defined by the Stanford Encyclopedia of Philosophy is the applied ethics discipline that addresses the moral features of commercial activity. The same source also gives a history of business ethics which states that the concept as an academic principle is relatively young-only about forty years old; but in general is as old as trade itself. In this paper, the following aspects of ethics will be discussed: Ethical issues faced in business; recent trends in business ethics; international considerations in business ethics; quantitative techniques and ethics. …show more content…
Perhaps one of the most talked about scandals involving ethics was the collapse of ENRON, an American energy company based in Houston Texas. Since this, businesses seem to pay closer attention to providing employees with training in Ethics. According to the 2011 National Business Ethics Survey, some of the key findings were as follows in relation to recent trends:
■Misconduct witnessed by U.S. workers is now at historic lows, while reporting of misconduct is now at near highs.
■ Retaliation against employee whistleblowers rose sharply.
■ The percentage of employees who perceived pressure to compromise standards in order to do their jobs climbed five points from 2009 to 13 percent.
■ As the economy gets better – and companies and employees become more optimistic about their financial futures – it seems likely that misconduct will rise and reporting will drop, mirroring the growth in pressure and retaliation that have already taken place and conforming to historic patterns. (www.ethics.org) International Considerations in Business Ethics
With the recent growth in International Business, International Business ethics has become a major concern. Much of what is ethical and what is unethical falls into the grey area. On an international level, not only is it grey, it is very abstract. As difficult as it is to govern ethics within one culture, it is infinitely more difficult to govern across cultures. A
Show More

Related Documents: Essay on Business Ethics

Business Ethics In Business

INTRODUCTION Business ethics is a study of moral standards and how these apply to the systems and organizations through which modern societies produce and distribute goods and services, and to the people who work within these organizations. Business ethics, in other words, is a form of applied ethics. It includes not only the analysis of moral norms and moral values, but also attempts to apply the conclusions of this analysis to that assortment of institutions, technologies, transactions, activities…

Words 1543 - Pages 7

Business Ethics

Ghazaleh Tavakolishanjani Business Ethics Professor Peter Sebhatu National University 1. No. The ability to act with rectitude, to refer their policies and plans to a culture of ethics that embraces the most fundamental moral principles of humankind, which serves to legitimize the maximization of shareholder wealth. 2. Yes. These resources may be both tangible and intangible. Shareholders, for ex- ample, supply capital; suppliers offer material resources or intangible knowledge; employees…

Words 314 - Pages 2

Business Ethics

Business Ethics Karl Claudio Composition GE-117 Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. The economy these days is at a low point for many consumers in United States. Due to the economy, prices are getting higher, many people’s income is decreasing…

Words 555 - Pages 3

The Importance Of Business Ethics In Business

purpose of business practices that are put in place is to provide the company with approval and favorable expert position among merchants, consumers, and prospective collaborations. These characteristics and having well-known business ethics allow room for the business to grow in many areas such as building working relationships. The positive outcome of these relationships can consist of merchandise prices being lower, consumers being loyal with returning their business, and the business growing from…

Words 727 - Pages 3

Business Ethics Essay

Business ethics refers to those values, standards and principles that operate within business (McGraw-Hill Irwin). Business ethics can also be defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the company’s culture sets standards for determining the difference between good and bad decision making and behavior. In today's modern business world, the road to success requires more than merely technical skills, practical…

Words 645 - Pages 3

Business Ethics: Ethics And Moral Reasoning

HEADER: BUSINESS ETHICS Business Ethics Kimberly Lindsey PHI 208: Ethics and Moral Reasoning Instructor John Ludes June 16, 2014 BUSINESS ETHICS 2 Introduction In this paper we will be discussing how businesses and management should and do show superior business ethics in doing what is right for the company as well as the employees. The reason for there to be business ethics, is to choose and know what is right and what is wrong in the business and with…

Words 1584 - Pages 7

Essay On Business Ethics

Business Ethics Papa James Ethics and Moral Reasoning: PHI 208 Instructor David A. Smith March 10, 2014 Business Ethics The issues behind business ethics has expand over times. Sometimes companies do not treat their employee’s right and follow their code of ethics. This could cause troubles for the company. Business ethics is a format of professional ethics that examines moral and ethical problems that come about in a business environment. The heart of any company is their employees. The policies…

Words 783 - Pages 4

Enron Business Ethics

one of the biggest energy companies in America, was reviewed by Paul Healy, the James R. Williston Professor of Business Administration at Harvard, and Krisha G. Palepu, the Ross Graham Walker Professor of Business Administration at Harvard, who state that “despite the elaborate corporate governance network, Enron was able to attract large sums of capital to fund questionable business model, conceal its true performance through a series of accounting and financing maneuvers, and hype its stock to…

Words 2133 - Pages 9

Essay on Business Ethics

Business Ethics MGMT-1125 6/5/2013 Rhonda Ledbetter | Business Ethics Business ethics are forms of applied ethics or professional ethics that examine ethical principles and moral or ethical problems that arise in a business environment. It can also be defined as the moral values and principles set forth for a company or market. Proper business ethics are vital for a business to be successful, providing quality care and honesty to consumers. Business ethics are important because how a business…

Words 527 - Pages 3

Essay on Business Ethics

Pensabene What is really Business Ethics? How does it relate with Real Estate? As adults we go thru life with our values and take them to the company we work for. At work we incorporate our values and rules, weather is right or wrong, and we find how to use them for our self-interest. Ethics is all about making choices that may not always feels good but is the right decision that makes us feel good in the long term and makes us a better person. Business ethics is basically the…

Words 2096 - Pages 9