We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Comparing and Contrasting of Ethical Perspectives - Essay Example

Comments (1) Cite this document
General ethics are intrinsic part of human interactions that are guided by individual values and principles. In the broader context of business, the ethical considerations are deemed complex as people have diverse perspectives on issues…
Download full paperFile format: .doc, available for editing
Polish This Essay94.4% of users find it useful
Comparing and Contrasting of Ethical Perspectives
Read TextPreview

Extract of sample
"Comparing and Contrasting of Ethical Perspectives"

Download file to see previous pages On the other hand, business paradigms are highly volatile which depend on externalities for their sustainable performance. The myriad shareholders and stakeholders of the business emerge as key factors whose interests need to be incorporated within the aims and objectives of the firm for its long term sustainability. As such, the need to become accountable for their actions becomes a highly desirable element of their success. Indeed, the ethical considerations become hugely important issues as they influence the decision making processes that have wide ranging implications for the business and the stakeholders at large. The paper would discuss the issue by comparing and contrasting three articles: ‘What is business ethics’ by Peter Drucker; ‘The social responsibility of business is to increase its profit’ by Milton Friedman; and ‘The relevance of responsibility to ethical business decisions’ by Patrick Murphy. The varying views of the scholars reflect not only the significance of ethics but also its hugely controversial impact on business outcome. Thus, it is vital to highlight the need to evaluate the extent to which the ethics play role in the overall performance of the business. Most importantly, the paper makes an effort to emphasize the changing dynamics of business imperative in the transforming societal values and emerging new socio-cultural and economic order. What is ethics? Drucker believes that in the contemporary times, the word, ‘business ethic’ has replaced social responsibility. He broadly expounds that ethics are moral obligations that are relative to contexts and people. He says that moral laxity can be defined by the individual behavior but its implications are suspect because of the differing perspectives on the right behavior. Moreover, the ‘extenuating’ and ‘aggravating’ circumstances make the moral behavior highly objectionable as they tend to favor the powerful and the rich. It is true that the wide diversity of socio-cultural and religious paradigms reflects the diverse ethical and moral practices within different societies across the globe. Thus, very often, the actions of people are deemed good or bad as per the different ideologies and views of the people coming from different background. Drucker claims that moral obligations and ethical behaviour therefore depends on the moral norms of one’s society’s culture. Most importantly, he says that individual behaviour cannot be applied to business because morality is relative that relies on socio-cultural norms. Milton Friedman, on the other hand, uses the term social responsibility to define business ethics and says that it is totally irrelevant to the main objectives of business, which is to make profit. He strongly asserts that business can only contribute to social causes to the point where its interests are not clashed. He has linked social responsibilities of business with that of issues like unemployment, poverty, pollution control etc. and criticizes the reformers who think that businesses need to focus on wider objectives than merely profits. According to him, burdening the business with social responsibilities adversely impacts its major objective and undermines the postulates of free society. Patrick Murphy’s article reviews the business ethics vis-a-vis moral responsibilities of businesses and how they are employed in decision making processes. He uses different articles to show how various types of social responsibilities: legal, corporate, managerial, social, stakeholder and societal are applied within and across businesses to achieve wider objectives of bus ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Comparing and Contrasting of Ethical Perspectives Essay”, n.d.)
Retrieved from https://studentshare.org/business/1401084-compare-and-contrast-ethical-perspectives
(Comparing and Contrasting of Ethical Perspectives Essay)
“Comparing and Contrasting of Ethical Perspectives Essay”, n.d. https://studentshare.org/business/1401084-compare-and-contrast-ethical-perspectives.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
nigel31 added comment 1 month ago
Student rated this paper as
I had an issue with a essay types of works. All until I came across this website and this particular paper. Even though "Comparing and Contrasting of Ethical Perspectives" is far from my studies, the structure is so great that I use it all the time as an example for my own works.
Comparing & Contrasting Authorities
Apart from his works being displayed in most major museums of great importance around the world, anyone belonging to the elite & rich would unarguably love to have an original collected. All the above articles have been obtained from the Griffith Library Database whose main purpose has been to focus on one of the most popular works of Picasso namely, "Boy with a Pipe", which is also known as "The Young Apprentice", which he painted during the 'Rose Period' in 1905 at the young age of twenty four.
4 Pages(1000 words)Essay
Early Infantile Development
As well, there are so many contrasting and controversial opinions in regards to this subject, and two opinions in particular that are going to be discussed here is that of Melanie Klein and D.W. Winnicott; these two are a set of people that have made a tremendous difference in regards to the issue of early infantile development in general, and their work is truly what has made the most substantial difference in reference to this topic overall.
6 Pages(1500 words)Essay
Ethical Perspectives
There are different ethical perspectives that according to these different theories determine right from wrong. This paper analysis the ethical perspectives of a subject named Betty. Betty works as a bookkeeper in an accounting department of a small firm. The ethical
3 Pages(750 words)Essay
Comparing and contrasting poems
She is most famous among the circles of Latina Feminism. She has been part of many projects regarding the third world feminism other than the several other justice
5 Pages(1250 words)Essay
The Ethics of Genes
The question is who should decide the time genetic tests are to be done. Should the insurance firms or staff have access to the results? If the tests of prenatal genetic become common, does this mean that people with unique genetic traits, predispositions or diseases suffer from increased discrimination?
2 Pages(500 words)Essay
Comparing and Contrasting the Principles of Ethical Relativism
Ethical Relativism states that there are no widespread moral values which are valid universally but all the moral and ethical values are related to individual to individual
4 Pages(1000 words)Essay
Poetry Comparing and Contrasting
In Those Winter Sundays by Robert Hayden, we see an adult speaker who depicts the ways in which his father expresses love and concern towards him based on the actions he engaged in. Both of these poems To His Coy Mistress and Those Winter Sundays contain common elements that
3 Pages(750 words)Essay
Comparing and contrasting
Moreover, the contrast and comparison focus on the Bicameralism, bills of rights and heads of power as reflected in the each country’s Constitution. Also, the paper critical examine the
6 Pages(1500 words)Essay
Comparing and contrasting
ugh investigation the law society came to the conclusion that the appellant had not deposited all the monies that he had received for the transfer into his trust account and the deposited monies was not done in a prompt manner, the appellant records of accounts did not reflect
4 Pages(1000 words)Essay
Comparing and contrasting
The United States Constitution and the Australian Constitution have some similarities and differences. This paper will compare and contrast the United States and Australian Constitution. In the comparison, the factor to be considered is the limitation
6 Pages(1500 words)Essay
Let us find you another Essay on topic Comparing and Contrasting of Ethical Perspectives for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us