Essays on Business Ethics

Essays on Business Ethics

Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that explores ethical principles and moral or ethical issues that may arise in a business environment. It applies to all aspects of business behavior. The origins of ethics come from individuals as well as organizations as a whole (through the establishment of certain corporate norms). These norms, values, ethical and unethical practices are the principles that guide business. They help these companies communicate better with their stakeholders.

Business ethics is the study of relevant business policies and practices regarding potentially controversial issues, including corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary duties. Business ethics are often regulated by law, but in some cases they provide basic guidelines that companies can follow to gain public approval.

 

The essence of business ethics

Ethics refers to a set of rules or principles that an organization must follow. Business ethics refers to a code of conduct that companies must follow when conducting business. Through ethics, organizations set standards to regulate their behavior. This helps them distinguish the "wrong" part of business from the "right" part.

The ethics formed in an organization are based on the creation of the human mind. This is why ethics depends on the influence of place, time and situation.

Business ethics refers to contemporary organizational standards, principles, sets of values and norms that govern human actions and behavior in a business organization. Business ethics has two dimensions: normative business ethics and descriptive business ethics. As a corporate practice and professional specialization, this field is primarily normative. Scholars attempting to understand business behavior use descriptive methods. The range and number of business ethics questions reflect the relationship of profit-maximizing behavior to non-economic concerns.

 

Why is business ethics important?

Business ethics is important for a variety of reasons. First and foremost, it allows a business to operate within the law, ensuring that it does not commit wrongdoing against its employees, customers, consumers or other parties. If companies are aware of business ethics, they gain a number of benefits that will help them achieve their desired success.

The organization can also build trust between the business and consumers. If consumers feel that a business can be trusted, they are more likely to choose that business over its competitors. Some companies choose to use certain aspects of business ethics as a marketing tool, especially if they choose to highlight a popular social issue. Judicious use of business ethics can lead to increased brand equity overall.

Conducting business ethically attracts investors and shareholders. They are more likely to invest in a company because following standard ethical business practices and using them correctly can be the path to success for many businesses.

 

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We've found 427 essays on Business Ethics

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Business Ethics of KFC

This report was produced to analyze the business ethics of Kentucky Fried Chicken (KFC). First, the report started with a brief description on the company background. Next, it is continued with identification of the ethical dilemmas – poor quality products, animal abuse and poor working …

Business EthicsEthicsKfc
Words 4098
Pages 15
What are Advantages and Disadvantages of Business Ethics

Business Ethics Some commentators, such as Milton Friedman, believe that the “primary and only responsibility of business is to make money” while abiding by the law. Supporters of this point of view argue that companies’ self-interested pursuit of profit benefits the whole of society. Profitable …

Business EthicsMoralityReputationSustainability
Words 2073
Pages 8
The Importance of Business Ethics

Business ethics is defined as the principles, values, and standards that guides behavior in the world of business. When a business is known for being honest it is more likely to become successful. Today, more and more companies are realizing the direct impact that good …

Business EthicsMorality
Words 444
Pages 2
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Jeremy Bentham and His Influence on Business Ethics

Jeremy Bentham was a Utilitarian philosopher whose influence spread into many fields, including that of business ethics.  Although his father was an attorney and Bentham studied law himself, he did not practice law.  Instead, Bentham put his knowledge and reasoning skills to theories regarding philosophy, …

Business EthicsHappinessJeremy BenthamUtilitarianism
Words 337
Pages 2
Business Ethics: Meaning, Importance

In society and business when the term “ethics” is mentioned what comes to mind too many people is the practice of expressing good values and morals in making the best choices in their personal and professional life. Generally, ethics is how we must act or …

Business EthicsMorality
Words 736
Pages 3
Dell’s Business Ethics

Dell Inc’s Business Ethics Gwynedd-Mercy College Abstract Business Ethics is a very important part of having and running a successful business. Your business ethics consist of the behavior that a business adheres to in daily dealings within the world. There are a few key components …

Business EthicsDellIntegrity
Words 2027
Pages 8
Kantian Approach to Business Ethics

The Kantian theory is said to be the most remarkable of all deontological theories primarily in its premise that actions are not justified by their consequences (Prakashan 55). The argument that was raised by Kant was for an act to be considered morally acceptable it …

Business EthicsMetaphysicsMorality
Words 319
Pages 2
Business Ethics Critical Analysis

How effective has Mattel been at encouraging ethical and legal conduct by its manufacturers? What changes and additions would you make to the company’s Global Manufacturing Principles? ‘Good ethics is good business and bad ethics is bad business are connected’ (Burton & Goldsby 2010). Mattel …

Business EthicsEthics
Words 831
Pages 4
Understanding of Freeman, Friedman and Heath Business Models

A business is not one that lives in isolation; it can be an integral part in a community’s success or demise and has social responsibilities to; the community, stakeholders, and anyone who may be affected by a company’s actions. Corporate social responsibility is a term …

Business EthicsEthics
Words 2400
Pages 9
The Role of Business Ethics and Corporate Social Responsibility in Business Management

Introduction It is important to note that business ethics and CSR go hand in hand. In order to understand CSR, one must also understand ethics. Also, a socially responsible firm should also be an ethical firm and an ethical firm should also be a socially …

Business EthicsBusiness ManagementCorporate Social ResponsibilityEthicsResponsibility
Words 5728
Pages 21
Profitability & Morality

Can profitability and morality coexist? Explain the statement In detail The largest companies in the nation have evolved over the years to find more ways to streamline operations, reduce waste, Increase the productivity of their employees, preached corporate ethics to their employees, try to be …

BrandBusiness EthicsEthics
Words 709
Pages 3
Immanuel Kant and Business Ethics

Immanuel Kant was born in East Prussia, during the eighteenth century.  A philosopher, Kant was influential in the development of theories in the field of deontology, a field in which he exerted such influence that deontology is sometimes referred to as “Kantianism.”  His theories discussed …

Business EthicsKant
Words 425
Pages 2
Kellogg’s is One of World’s Most Ethical Companies

Kellogg’s is one of world’s most ethical companies for many reasons. To start with, the Founder W. K. Kellogg wanted to do good things for people, starting with nutrition and the environment, and began promoting environmentally-friendly processes by producing the first boxes of cereal in …

Business Ethics
Words 390
Pages 2
The Starbucks Business Ethics

Aside from its employees, Starbucks also values its integrity and fairness and focuses on internal stakeholder issues such as product quality, customer satisfaction, employee wages and benefits, and external local community and environmental responsibilities issues that it can influence. In order for Starbucks management the …

Business EthicsIntegrityStarbucks
Words 173
Pages 1
Business Ethics Boeing

Dealing with business is not as easy as 1-2-3. We also have to think about business ethics. Just like any other settings, the business setting also requires moral and ethical aspects. Business ethics comprise of principles and values that are applied in a ‘commercial’ context. …

BoeingBusiness EthicsEthics
Words 93
Pages 1
Business ethics and CSR

In the past time, the majority of enterprises regarded business ethics as internal regulations to comply with the rules of legal standards(Trevino and Nelson, 2010). However, the condition changes in modern times. Business ethics is more and more important to identify what it is right …

Business EthicsEthicsMoralitySustainability
Words 69
Pages 1
Essay sample on Business Ethics

Soalan 2 Introduction Somebody has to set up the company and in order to set up a company, there have to be promoters. The promoters will purchase property from which the company is going to operate and undertake the preliminary steps to set the company …

Business EthicsContractJustice
Words 1043
Pages 4
Business ethics: case of Hewlett Packard

To discern what is right from wrong is a lot easier than deciding which of the deemed “rightful things” is really the right thing to do. There are cases when someone is faced with the so-called ethical dilemma wherein one has to weigh the consequences …

Business EthicsMorality
Words 82
Pages 1
Business Ethics Based on The Corporation

The Corporation is a documentary based on the book written by Joel Bakan entitled The Corporation: The Pathological Pursuit of Profit and Power. It explores the nature and the rise of the corporations – considered the most dominant institution at present. The documentary has been …

Business EthicsCorporationCorporationsEthics
Words 3893
Pages 15
Business Ethics Comprises

NOTE: 1. CASE 2, p316~324 1. Business ethics comprises A) the laws and regulations that guide behavior in the world of business. B) the morals, values, and customs that guide behavior in general. C) the principles and standards that guide behavior in the world of …

Business EthicsEthicsMorality
Words 1063
Pages 4
Business Ethics and cross-cultural management

National culture affects organizational culture since people in a particular company will behave the same. Multinational companies have a great challenge of learning the cultural aspects of all its employees and to identify national cultures which relate to their activities. The management of multinational companies …

Business EthicsBusiness ManagementEthics
Words 1676
Pages 7
The Housing Allowance – Business Ethics

Wilson Mutambara grew up in the slums of Rambia and through hard work and talent he was given the opportunity to study and receive his MBA in the united states. After three years of working at a cellular telephone service company, NewComm, he received the …

Business EthicsHousingJusticeMetaphysicsVirtue
Words 1756
Pages 7
Corporate Social Responsibility in International Development

The Role of Corporate Social Responsibility in International Development Even though each year millions of people in developing countries are rising out of poverty to join the emerging middle class, a large portion of the developing world still lives on less than $2 a day. …

Business EthicsCorporate Social ResponsibilitySustainability
Words 7664
Pages 28
Jim Teague in Tanzania

Jim Outage, an MBA associate with a diploma in engineering, is hired for a summer internship in rural Africa to be an officer of a U. S- based social investment firm that is looking for an important agribusiness project in Africa. A small successful company …

BriberyBusiness EthicsEthics
Words 2149
Pages 8
Factors that Shape Global Business Ethics

The impact on global business is now widely recognized and generally assumed to be inevitable because of the increasing scope of trade. Corporations adapt research, production, marketing and service strategies in an effort to “think global, act local” (Kline, 2005, p. 1). National governments have …

Business EthicsGlobalizationMotivation
Words 1819
Pages 7
Essay Summary of Business Ethics

Let’s Start With “What is ethics?” Simply put, ethics involves learning what is right or wrong, and then doing the right thing, but “the right thing” is not nearly as straightforward as stated in a great deal of business ethics literature. Most ethical dilemmas in …

Business EthicsMorality
Words 1155
Pages 5
Distibution Strategies Habib Jewel

Many businesses feel that practising good business ethics is costly and unnecessary to become a profitable operation. The practice of business ethics is not cost nor is it a disadvantages waste of time. On the contrary, business ethics is good for business and is essential …

Business EthicsCorporate Social ResponsibilityEthics
Words 70
Pages 1
Memorandum on Business Ethics

Penshoppe Imports, Inc. has achieved in October to December 2008 137% of its quarterly targets. This is considered the biggest gain of the company since starting its operations in 2002, whereby it operated only with one warehouse and a two-floor office space to support the …

Business Ethics
Words 599
Pages 3
Business Ethics and Reading Response

The process of making decisions in management sometimes is cumbersome. Choosing to do the right thing in business matters cannot be very easy as the name ‘right’ may depict and therefore, ethical decisions are not simple. It can be asserted that a right thing can …

Business EthicsEthics
Words 706
Pages 3
Why do we need a Public Affairs Mission?

Robert N. Bellah is the beneficiary of the United States National Humanities Medal “for his hard work to elucidate the significance of the public in American society ‘ His life-long devotion in sociology resulted to his outstanding teaching practice from diverse universities in the US …

Business EthicsSociologyUnited States
Words 82
Pages 1
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Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Information

 

Downside

The main drawback of business ethics is that they can reduce a company's ability to maximise profit. For example, having factories in developing countries can reduce costs. This is because companies can have practices in place, such as child labour and low wages, which help to maximise profit.

 

Aspects

Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.

 

Good

Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers. While corporate ethics programs have become common, the quality varies.

 

Pros and Cons

  • Provide a competitive advantage in terms of customers;
  • Improve Employee Happiness;
  • Attract More Investors;
  • Better for Society;
  • Limited Ability to Maximise Profit;
  • Time Consuming to Implement the Practices.

 

Philosophy

Business ethics reflects the philosophy of business, of which one aim is to determine the fundamental purposes of a company. If a company's purpose is to maximize shareholder returns, then sacrificing profits for other concerns is a violation of its fiduciary responsibility.

 

Business Ethics books

  • Business Ethics
  • Business Ethics: Ethical Decision Making and Cases
  • Influence Without Authority
  • Corporate Reputation in the Business Ethics Field
  • Organizational Ethics: A Practical Approach

Frequently asked questions

What is the business ethics?
Business ethics is a complex and multi-faceted topic. In general, business ethics refer to the ethical and moral principles that guide business decision-making and behavior. These principles can be codified into formal ethical codes or simply arise from a company's culture and values.There are many different ways to approach business ethics, but some common themes include issues of honesty and integrity, fairness and equity, responsibility and accountability, and respect for others. Business ethics also encompass broader social issues such as environmental sustainability and corporate social responsibility.With the increasing globalization of business, business ethics has become an increasingly important topic of discussion and debate. As companies operate in an increasingly complex and interconnected world, they must navigate a variety of ethical challenges and dilemmas. As such, business ethics is an important part of business education and training, and many organizations have formal ethical codes or committees to address these issues.
How to write business ethics essay?
It depends on the specifics of the essay assignment. However, there are some general tips that can be followed to help write a business ethics essay.First, it is important to select a specific topic to focus on. This will help to narrow down the scope of the essay and make it easier to write. Once a topic has been selected, research should be done to gather information on the subject. This can include reading articles, books, or other materials related to business ethics.After the research has been completed, it is time to start writing the essay. The introduction should introduce the topic and provide an overview of the main points that will be discussed. The body of the essay should be used to discuss the ethical issues in detail. Finally, the conclusion should summarize the main points of the essay and provide a final thoughts on the topic.
How to start business ethics essay?
It will depend on the particular essay prompt and focus of the essay. However, some tips on how to start a business ethics essay include:1. Begin by introducing the topic of business ethics and why it is important.2. Introduce the main ethical issues that will be discussed in the essay.3. Discuss the different viewpoints on the issue.4. Take a position on the issue and argue for it.5. Conclusion by summarizing the main points and reaffirming the position taken.
What Is Business Ethics
Business ethics is a system of moral principles and guidelines that govern the behavior of individuals and organizations in the business world. The purpose of business ethics is to promote integrity, fairness, and accountability in the business world.The concept of business ethics has been around for centuries, but it was not until the late 20th century that it began to be taken seriously by businesses and academia. Business ethics is now afield of study in its own right, and there are many universities and colleges that offer degrees in business ethics.There is no single definition of business ethics, but there are some common themes. Business ethics usually includes a discussion of the following topics:• The nature of business ethics and its relationship to other fields, such as philosophy, sociology, and psychology• The different approaches to business ethics, including utilitarianism, deontology, and virtue ethics• The different stakeholders in business ethics, including employees, customers, shareholders, and society at

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