1. Business Ethics
(highered.mcgraw-hill.com).
Moral Relativism Vs. Moral Absolutism.
Moral Relativism.
Moral relativists contend that what is ethically right or wrong may shift in a key manner from individual to individual or from society to society. As such, as Robert Arrington (1983) contends, we can't essentially say that an ethical judgment is valid for all reasons, persons, and societies we can affirm just that it is valid for a specific individual or social aggregation. Relativism does not imply that we can't reprimand individuals of different societies on ethical grounds, however it does imply that when we say that an individual in an alternate society completed wrong or acted corruptly, we must judge that individual by the models of that society and not by our own (Cook 1999: 35). In different words, there are goal ethical norms as long as judgments about good and bad are made generally.
Moral Absolutism.
This perspective contends that there exists an everlasting and perpetual ethical law, the same for all individuals, constantly and places (Holmes 1998: 165). The absolutist accepts that certain ethical standards apply to all individuals all over, and that individuals can distinguish or run across these standards and be guided by them in choosing the way of their own behavior and in judging the behavior of others. Likewise, the moral absolutist, being now cognizant of these standards, accepts himself or herself qualified to condemn anybody (Cook 1999: 7). Absolutism is recognized good paying little respect to thought and feeling. This position is the inverse of relativism, in that there can be no attention of different points of view, since it is contended that there is one and only "correct" viewpoint (sagepub.com).
Ethical Issues in Business Affecting Business Operations.
Because of expanding globalization, universal business ethics has turned into an essential issue. The amount of multinational organizations, which work outside of their home nation, is expanding quickly.
" Great ethics can be summed up as good for business in the long term. ... Business ethics is necessary for the foundations of corporations. ... We take for granted the reality that ethics does exist as we take the world of business as inclined. ... Business ethics is not a commodity, which remains in an isolated compartment from business itself as a lofty and consequently expendable extra. ... Its soul purpose is to clarify the entirely realistically, practical business like role that ethics play in business practices. ...
As a result, it can be claimed that natural moral law cannot be applied to issues of business ethics. ... Business ethics does not often involve clear cut decisions between right and wrong; more often than not businesses are concerned with balancing the interests of shareholders, with those of employees and customers. Therefore, it can be maintained that the absolute principles of natural moral law are not useful when applied to the complex issues raised by business ethics. ... It is the narrow nature of these precepts that present one of the initial problems encountered when applying natural...
Ethics light up the function of ethics in the background of other kind of social relationships; it examine the nature and inner structure of ethics, studies its basis and historical growth, and offer theoretical explanation for one or another ethical system. ... Of course all of us want businesses to be fair, clean and beneficial to the society. ... We reveal business-sensitive information only when lawfully necessary to do so. ... We serve the business welfare of our customers and company as long as they are reliable with the community good. ... It exists in the monarchy of ones ethics. ...
Introduction Are business ethics merely a fashion? ... Or is business ethics something more complicated, ore involved in the society in which business operates? ... So where does business ethics fit into all this? ... Business ethics can be a difficult concept to grasp. ... It provides a complex and involved resource for business ethics. ...
As Wartick & Wood assert, "Business ethics is based upon some normative concepts about they way business should operate" (Wartick & Wood, 1998, p. 124). Since this day and age we are living in, business practices mostly seem to be publicized as unethical, the word "should" that is emphasized in Wartick and Woods definition of business ethics stands out. People tend to be more apt to uphold a higher code of ethics in a personal or societal context, as opposed to a business context. ... The formal code of ethics comes in various forms, such as vision and mission statements, and written polic...
BUSINESS ETHICS Ethics to me means having and using ones morals to do the right thing. Ethics is so important in business because it gives a company credibility. ... Ethics has such a big impact on whether a business is a success or a failure. ... Reverence for place Ethics is like the foundation for a successful business. ... The business world would cease to exist without ethics to keep businesses on the straight and narrow. ...
Business ethics are a hot topic these days. ... So what is "Business Ethics"? ... Consequently, business ethics can be strong preventative medicine. ... Assumptions of Business Ethics Suppose we contend that business is indeed an honorable profession? ... There are, however, pitfalls in business, as in any other profession, which is why business ethics is an important field of study, a sub-field of professional ethics (which is itself a sub-field of role ethics). ...