The biggest controversy in the field of business ethics is the extent of corporate obligations to society. Business scandals in the 1990's and the early part of this millennium have raised questions about business leadership, the ethical climate of business, and the ethics of business professionals. …
Download file to see previous pages...
Wrongful and unethical behavior in the business environment is not a new phenomenon; wrongful acts can be traced back at least two centuries ago. Since the 1970s, public opinion polls have communicated a steady decline in the public's confidence in America's business community, which has shown an infinity for breaking the rules (Gautschi & Jones 205). It is apparent that both the accounting profession and the corporate business world need to regain the trust that stockholders and other constituent groups should have in their ability to manage corporate affairs and conduct business in an independent and moral manner, while still successfully running their businesses. The numerous calls for more and/or improved ethics education illustrates that business students are seen as part of the problem and perhaps eventually as part of the solution (Rich 11-17).
Whether ethics can be taught and how it could be taught has been the subject of much research. Many different modules and approaches have been identified in the research and scholarly literature. For example, Armstrong (77-92) exemplifies the code of ethics approach; Langenderfer and Rockness (58-69) focus on ethical decision making through an eight step model to evaluate ethical dilemmas; Rest (1-10), Kohlberg (15-25) and Gilligan (10-21) are relied upon for research focusing on the psychological or moral development issues, an approach that Hiltebeitel and Jones (37-46) and Poneman (185-209) have continued to focus on. Mintz (247-267) claimed that all of these models are useful tools of ethical analysis; however, they ignore the ethical considerations of the actor, focusing only on the act. He noted that it is the actor who is faced with the ethical dilemma and, therefore, it is the actor as agent who will
...Download file to see next pagesRead More
Cite this document
(“Business Ethics Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved de https://studentshare.org/history/1390488-business-ethics
(Business Ethics Essay Example | Topics and Well Written Essays - 1750 Words)
“Business Ethics Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/history/1390488-business-ethics.
According to the task, these ethics can be explained in many different theories of ethics that include virtue ethics, rationality, utilitarianism, communitarianism, social ethics and normative ethics. Hence, international business ethics and corporate governance can be explained in various ways (Casson 95).
Business ethics are rules as well as standards which an organization is required to follow while performing its activities or operations. It mainly consists of moral standards which vary among organizations and it also helps in determining the right and the wrong decisions.
For example, according to the limited knowledge of the researcher, Magna Carta of 1215 was the first legal reference for ethics in UK (Holme, 2008). However, magnitude of importance for ethical perspective of business operation has been increased manifold in recent years after the financial scams by corporate such as Enron, Lehman Brothers, Worldcom, Nortel and many others came to the light.
Business ethics theories are often adopted by organisations seeking to curb practices that are deemed as corrupt. They usually have moral principles that organisations can implement to make sure that all the workers operating in the company conform to accepted codes of behaviour
Examples of ethical issues concerning three different issues have been explained along with their alleged law suits that have flagged these issues in the United States.
Business ethics are the moral eternal, abstract, and the
To some, the suggestion that an orderly and analytical process of decision making, not only on a personal level – but more so in business, should include the discussion of highly controversial ethical issues, about which
The other group of business people takes it as avoiding activities that portray bad image of the company. If the above are not considered as business ethics the business institutions may suffer loss or may earn the business bad reputation.Business people believe that if good business ethics are adhered to then the business will experience an upward trend with a lot of profit.
A similarity between ethics in the United States and ethics in Asia is that they address a variety of similar factors such as pollution, corruption, fraud and contracts among others. Although approaches to dealing with
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Business Ethics for FREE!