There is no longer an overall consensus on component morality or ethical standards origin. In fact, the whole idea of truth is coming under attack (Shaw, 2008).That Christian Scripture and other Christian…
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Business is a system of moral doctrines applied in the commercial world. Business ethics is a whole new scientific area since it merges politics and law theory as much as historical documents and philosophical. Ethics becomes a term rely on flexible and have several different aspects. It gives rules for acceptable behavior by business in both their day-to-day operations and strategy formulation (Shaw, 2008). An ethical approach is becoming essential both for business success and a positive corporate image, and this is easily enhanced through various Judeo-Christian values and biblical doctrines. Especially nowadays ethics in the organization are obligated since many businessmen are only fascinated in making money despite the harm they would probably cause to people, the ethical costs environmental pollution. Many businesses in contemporary society are making public commitment and pledge to ethical business by designing codes of conduct and operating standards the truth is Judeo-Christian values and biblical doctrines should be their main basis.
Judeo-Christian values and biblical doctrines incorporate the common ethical guidelines of Christianity and Judaism, such as the Ten Commandments. It has been an essential part of U.S civil religion and is often used to enhance inter-religious cooperation and basis for business ideologies. It covers the common ethical standards of Judaism and Christianity, such as the Ten Commandments. It has been a segment of American civil religion and is used to promote inter-religious cooperation (Shaw, 2008).Judeo-Christian values and biblical doctrines emphatically teach in clarity the great importance of the preservation of human life and respect. This should form the basis of the business ethics and can help foster good relation. If business does not grant this respect and protection for the born and unborn in their operations then
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Public reaction to the scandals has been strong, and it has generated numerous suggestions to improve the ethical standards and behavior of business people. Some of the specific problems identified through these scandals are corporate accounting irregularities evidenced by the need for earning restatements by several large corporations
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
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