Business Ethics Ethics And Business - 943 Words

According to the Oxford Dictionary the definition of Amoral means unconcerned with the rightness or wrongness of something (Oxford Dictionary, 2015). One of the most significant current discussions in Business is Ethics. Some people believe that the decisions businesses make in interest of the business has no place in ethics and that they are essentially amoral. These businesses believe that their main objective is to simply make a profit and that it does not affect the success of the business. Whereas some businesses believe that they have to take ethics into consideration, in order for their business to be a success. Richard T. De George (1999) states that ethics and business do not go together. The value judgements made in ethics between actions that are classed as good or bad, or labelled right or wrong, do not apply to businesses. Businesses simply want to sell their goods and services and make a profit. Although businesses are not immoral they may be amoral. However, people that claim that businesses are immoral do not understand that if everyone in a business acted immorally then business would come to a standstill. But, if a company is associated with good behaviour, using renewable sources, not employing child labour in its factories in developing countries, and providing good training and development opportunities for its staff, this should be good for sales (Fisher, Lovell, Valero-Silva, 2012, 12). Customers would be more likely to invest their money in theShow MoreRelatedThe Ethics Of Business Ethics1471 Words   |  6 PagesReview Nowadays, the concern for business ethics is growing rapidly in the business community around the world. Business ethics are focused on the judgment of decisions taken by managers and their behaviors. The issue regarding these judgments is the norms and cultures that shape these judgments. Business ethics are concerned about the issue, how will the issue be solved and how will it move ahead along the transition analysis as well (Carroll, 2014). Business ethics can be addressed at differentRead MoreEthics And Ethics Of Business Ethics1304 Words   |  6 PagesBusiness Ethics Varun Shah University of Texas at Dallas Business Ethics Morals are a crucial part of life. Without having principles one would never be able to distinguish the right from wrong and good from evil. Just as it applies to life in general, ethics is an integral part of doing business as well. When we here the term Business Ethics in our work place, we usually do not take it seriously and brush it off saying ‘it’s just a simple set of basic rules like not cheating and so on’. ThisRead MoreThe Ethics Of Business Ethics Essay2711 Words   |  11 PagesBusiness Ethics Business ethics is a type of professional ethics or applied ethics which examines moral problems and ethical principles that come up in a corporate environment. It is applied to every aspect of conducting business. According to Milton Friedman, a company has the responsibility to generate as much revenue as it can while still conforming to the basic rules that society has set. These rules include the ones embodied in customs as well as in law. Similarly, Peter Drucker stated thatRead MoreThe Ethics Of Business Ethics Essay1097 Words   |  5 PagesResource A discusses how ethics is crucial in business. There are three key ideas used to understand this. Firstly, making ethically wrong decisions tend to cause more upset than other general mistakes as purposeful unethical actions are not as easily forgiven or forgotten. 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Ethics can be defined as a behavior that is determined to be right or wrong and it involves the way people think and treats others. Ethics can be cultural, valued, or society based, depending on the person’s