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Business Ethics Article - Essay Example

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Business Ethics Article Name: Institution: Business Ethics Article The chapters covered from week 1 to week 3 revolve around the concept of ethics in the business environment with significant emphasis on how the business environment interacts with the society…
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Download file to see previous pages closely relates to the business issues covered in chapters 1, 3, 4 and 5. Ruud and Ruud (2011) explore different business concepts with great emphasis on ethics, law and how the business environment interacts with society. According to Ruud and Ruud (2011), business ethics results from the society values and generally demands that businesses operate in profit-making activities capable of benefiting the society and not amassing wealth at the people’s expense. The article particularly discusses the changing trends in business ethic, laws and corporate social responsibility in the global business environment. This paper explores business issues covered in chapters 1, 2, 3 and 5 and their link to issues discussed in the chosen article. Business Ethics and Good Life (Chapter one) Chapter one covers the concept of ethics in relation to the business environment and what entails good life in business. Good life is seen as the quest for pleasure and happiness throughout the lives of many people. The values of the business world have been greatly influenced by the ethos of our society, and the values of the society values have as well influenced activities in the business world. According to Ruud and Ruud (2011), business values have emerged from societal values overtime in which such values are transferred into the business environment. ...
Ruud and Ruud (2011) support the idea of society values influencing business ethos or values through the assertion that constantly changing societal values pose a significant challenge in the attempt of many businesses to sustain good relations with the society. Society and the business set up are inseparable with business ethos existing as guidelines to the coexistence between the business environment and the society. Finally, the concept of attaining good life in the business environment is easily achievable because it forms part of the business life. Business Life, Law and Ethics (Chapter two) This chapter progresses with the discussion of ethics in the business environment, where the view of business as solely pursuit of profits is widely disputed. The world of business is rather viewed as a community with communal values which guide its operations. Business is further seen as a tool for productivity and distribution of goods and services with the aim of benefiting the society at large. Ruud and Ruud (2011) hold similar views through the assertion that businesses must operate in ways that depict the best interests for the society. Modern societies favor businesses that pursue their profitability with clear social responsibility, thereby encouraging creation of socially responsible businesses. The importance of social responsibility in the society has seen the emergence of the corporate social responsibility. Corporate social responsibility forms part of strategic plans adopted in almost every business organization due to the societal emphasis on the need for businesses to have the interest of the society at the core of their operations. Corporate social ...Download file to see next pagesRead More
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