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

Business Ethics - Research Paper Example

Comments (0) Cite this document
Summary
Name: Professor name: Subject: Date: Business ethics Ethics is a discipline that mainly deals with what is good or bad with moral duty and obligation (Schneeman, 2000, p. 198). Simply, ethics can be defined as moral principles that guide the behavior of an individual or a corporation…
Download full paperFile format: .doc, available for editing
Polish This Essay98.1% of users find it useful
Business Ethics Research Paper
Read TextPreview

Extract of sample
"Business Ethics"

Download file to see previous pages Ethics can be written or unwritten depending with the extent of the interaction between parties. Some of the written ethics that a person must follow are contracts and warning signs such as this is a non smoking zone. Failure to follow such regulations may have negative effects to the other parties (Howie, 1987, p.17). Business ethics are moral principles that guide business people to earn their profits without having to infringe losses or doing harm to the other party. Some of the major principles include principle of common good, principle of beneficence, principle of respect of autonomy etc. These principles guide the interaction between two parties by putting boundaries and outlining the expected behavior by those individuals when transacting their activities. If not followed, the other parties might suffer. One of example where ethics are not followed in doing business is tarnishing the name and products of the competitor in order to increase the size of the target customers. Business is therefore expected to compete in a neutral ground without doing any harm to each other (Howie, 1987). Importance of business ethics One of the major importances of business ethics is ensuring that there is a good coexistence between business personnel or corporations. The main aim of any business is to make profits. As a result, some business goes to an extra mile of using unethical means to ensure that they eliminate the competitors in order to increase their profit margin. One of the examples of unethical behavior is a business person purchasing all the products of the competitor in the market in order to reduce customer loyalty towards the products of the competitor. When ethical principles are keenly followed, businesses are able to exist peacefully without any of them doing harm to the other (Brooks, Dunn, 2009, pp. 66). Business ethics improves customer loyalty towards the products or services. Currently, customers are very keen on what they are consuming and the source of the product. As a result, they keep on monitoring the ethical standards of their preferred company or businesses. If the business acts unethically be it through its transaction or even employees being unethical this may have an adverse repercussion. This tarnishes the image of the company/business, an aspect that reduces trust of the customers towards the product. This behavior may result to reduced revenue of which can lead to collapsing of the business. This case can also give the competitors a competitive advantage as they can use unethical behavior by the business to lure customers to purchase their products (Ferrell, Fraedrich, Ferrell, 2009, p. 79). Business ethics improves customer relation. Moral conduct of a business plays a greater role in attracting customers to the business (Kline, 2010, p. 39). Customers like to be associated with a business that has a clean reputation. Poor moral values by the business distance the customers from the business. Therefore, employees hold a very important part in enhancing customer relations. Business ethics increases brand equity. Brand equity is the public valuation of business’ brand name. The brand name attracts investors towards the business. This increase capital that the business holds therefore enabling the business to compete effectively in the market. This capital is also used in diversification of the company operations therefore enabli ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Ethics Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Business Ethics Research Paper Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/management/1450800-why-cpmpanies-should-be-ethical
(Business Ethics Research Paper Example | Topics and Well Written Essays - 1250 Words)
Business Ethics Research Paper Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/management/1450800-why-cpmpanies-should-be-ethical.
“Business Ethics Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/management/1450800-why-cpmpanies-should-be-ethical.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Ethics in Business
The present paper will throw light on ethical theories creating an impact and determines business decisions. The ethical theory will be helpful in specifying fundamentals of ethics in business environment. Moreover, emerging ethical issues related to technology, environment and international business will also emphasised in the present paper. This study will be helpful in ascertaining signifying concluding remarks about the ethical practices in business life and trends taking place in the business world.
13 Pages(3250 words)Research Paper
Code of Ethics Research Paper
The company has around 57 subsidiaries under its umbrella and combined, they generated revenue of more than 61 billion US dollars in the year 2010. Founded in “1886 by Robert Wood Johnson along with his brothers James Wood Johnson and Edward Mead Johnson, the company has its headquarters in New Brunswick, New Jersey.
6 Pages(1500 words)Research Paper
Business Ethics Research Paper
Functions of top 3000 largest organizations, could figure out 1/3rd of profit loss if these organizations are compelled to pay for causing loss to environment. Currently, there is no provision by law to hold theses companies monetarily accountable, as reported in The Guardian (Jowit, 2010), quoting from a research by the UN.
8 Pages(2000 words)Research Paper
Ethics and Leadership Research Paper
In the year 1995, Kathie Lee designed clothes that were exclusively available for sale at Wal-Mart of US. According to a survey conducted by the labor and human rights organizations, it was learned that several workers, employed by Kathie Lee’s Global Fashion plant at Honduras, a developing region in Central America, were teenage girls.
6 Pages(1500 words)Research Paper
Ethics Research Paper
Ethics in research is of utmost importance, therefore it is essential to judge the ethical principles before carrying out any research. Research ethics is concerned with the analysis of ethical matters related to the research. The issues are mainly related with the people who are responsible for carrying out the research.
3 Pages(750 words)Research Paper
Ethics and Business
“Being ethical is not the same as doing whatever society accepts" (What is ethics, 2010). In other words, the right of one society may not be the right of another society. For example, Muslims can have more than one wife whereas Christians and other religions advocate only one wife for a person.
8 Pages(2000 words)Research Paper
Moral Issues In Business
Having read topics of the book, I chose the topics Justice defined as a moral right, Utilitarian Principle, Entitlement Theory, Adam Smith’s Invisible Hand concept, Criticism of Capitalism by Karl Marx insofar as it it ends up with exploiting the less privileged laborers, and Corporation as a separate juridical personality.
8 Pages(2000 words)Research Paper
Business Ethics vs. Success in Modern Business
A wide array of definitions has been illustrated in order to elaborate the significance of ethics and the extent to which it is followed in the contemporary companies. Data for the cause and effect relationship
5 Pages(1250 words)Research Paper
Computer science & ethics - research & analysis paper
It is witnessed that the maximum portion of companies budget is mainly spend on the software, amplifying the cost. Thus, in order to maximise the profit along with reducing the cost, steps such as
10 Pages(2500 words)Research Paper
Research Paper for Ethics Criminal Justice Class
As such, the life of a human being is sacred despite their conditions or crime. Taking a human life simply because one has to follow orders is very wrong and unethical. This is because it denies the other individual the right to life, as well as brandishes the
11 Pages(2750 words)Research Paper
Let us find you another Research Paper on topic Business Ethics Research Paper for FREE!
Contact us:
+16312120006
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