Search results
Nov 20, 2023 · Abstract. Numerous ethical theories have been proposed as a foundation of business ethics, and this often brings about appreciable perplexity. This article seeks to identify specific problems for a sound foundation of this discipline. A first problem is this multiplicity of ethical theories, each with its own metaethics, often accepted without ...
- The business mission and relations with stakeholders
- Synthesizing and summarizing the approach
- Important issues in applying this definition of ethics
- The boundaries of commitment for business
- Issues arising from situations external to business
- Issues arising from direct interactions with stakeholders
- Synergies with the mission of business
- Relations with employees
- Relations with customers
- Relations with communities
- Societal desires beyond economic welfare
- Protecting the environment
- Protecting the ‘‘commons’’
- Protecting future generations
- Protecting stakeholders against unethical business practices
- Summary and conclusions
Businesses are chartered and controlled by society with the purpose of improving the economic welfare of its citizens in an efficient and effective manner. Given its pervasiveness throughout the industrialized world, capitalism is accepted and assumed to be fundamental for the rest of this analysis. Thus, the assumed mission for business for the pu...
Implementing these requirements should satisfy the mission of ethics by reducing the abusive use of power. Stakeholders should be no worse off in their normal relations with business and in some (perhaps many) cases, they should be much better off. Fur-ther, with these requirements, businesses should be better able to satisfy the expectations of th...
Three issues arising from applying this definition of ethics are explored to develop a fuller understanding of what has been proposed. The first issue concerns the boundaries of commitment for business. What level of commitment is required to satisfy the ethical prescription of fairness and respect? How much is enough? How much is too little? The s...
There is no universal, specific formula for estab-lishing the boundaries for business ethical commit-ment. Only a general guideline can be created, and that guideline must be applied within the specific history, time, and context of the situation. The guideline suggested requires a search for balance between (1) the seriousness of harm to the stake...
The issues discussed here arise from conditions that are mostly beyond the control of the business they impact. Difficult situations occur naturally as part of human lives. Natural and human-made disasters cause problems for businesses and their stakeholders. Neither business nor its stakeholders can avoid it. Further, business cannot fully protect...
Unlike previous examples, these issues are events over which business has substantial control. For example, power differentials between business and its stakeholders can occur for several reasons, some of which were noted earlier (e.g., limited options by one party, differences in knowledge or information, and financial strength or market access). ...
While fair and respectful interactions with stake-holders are defined as ethical behaviors, it is important to note that they are also trust-building factors. That is, by pursuing ethical behavior with stakeholders in this manner, business is also building important trust links with each group. Each stake-holder group then begins to trust the busin...
Employees are often the most important assets of a company even if they typically do not appear on the firm’s balance sheet. Further, in the knowl-edge-based, service-oriented economies of many industrialized countries, they have become more important assets. How can a company get the most from their employees? What is it that people bring to the j...
For the case of customers, the positive effects from ethical behavior revolve around the importance of long-term relationships. Keeping a customer is sometimes cheaper and easier than trying to attract a new one, especially for certain businesses. The recently popular concept of relationship marketing represents an approach that recognizes this fac...
In relations with communities, fair treatment and respect mean that the company must be a good citizen in every location it operates. The choice of a site must be a business decision, but once the firm selects a location, they owe that community fair treatment and respect. This company requirement parallels the good citizenship that each individual...
The prevalence of capitalism, and its efficient and effective delivery of economic welfare to the citizens of the society adopting it, makes it the obvious base within which business ethics must operate. However, the motivations inherent in capitalism do not cover several important issues that are of interest to the citizens of most societies. Furt...
Except in a limited number of cases, the short-term motivation for capitalistic firms is to use the envi-ronment to create firm value wherever possible. In such cases, the pollution of soil, air, and water are treated as ‘‘free goods’’ unless society restricts such behavior or adds a cost to it. The government of society has the power to direct bus...
If it is society’s wish to have common places for the enjoyment of everyone, then it is in that government’s purview to mandate and support them. It is also within that government’s purview to mandate how those common areas are used and maintained. This practice also occurs in most industrialized countries.
Maintaining resources, so as to have a reasonable quantity and quality available for future generations, is also within the scope of government. There is no natural motivation beyond maintaining normal efficiency in business to save resources for the future. If it is society’s collective wish to maintain such resources, then it must do so through i...
Business ethics is defined as protecting stakeholders, but unethical people and unethical business firms exist. Society must protect itself against these uneth-ical entities. The existence of consumer protection legislation, labor law, contract law, and antitrust leg-islation in industrialized countries suggests that soci-eties understand this need...
Academics in the business disciplines have developed useful science-based models to explain business ethics behavior but have done so without a universal definition of ‘‘ethical.’’ The purpose of this article is to offer one definition that could be acceptable to both business academics and business professionals. It is acknowledged that other defi...
- 137KB
- D. Robin
- 12
- 2009
People also ask
What is applied ethics?
Are ethical theories a foundation of Business Ethics?
What is the application of Business Ethics in different areas?
What are some problems with business ethics?
n Business Ethics n Campus Ethics and Student Life n Character Education ... Markkula Center for Applied Ethics 500 El Camino Real Santa Clara, CA 95053-0633 408-554-5319
- 1MB
- 2
Apr 1, 2019 · Virtue Ethics, Corporate Identity and Success. Chapter. Full-text available. Jan 2020. Mathias Schüz. PDF | On Apr 1, 2019, Mathias Schüz published Applied Business Ethics | Find, read and cite ...
Faculty of Economics and Business Title Master Thesis: The effects of applied business ethics on consumers’ perceptions in the fast moving consumers’ goods (FMCG) sector. Supervisor: Nel Hofstra Co-reader: Luit Kloosterman Name: Artemis Panigyraki Student number: 369642 E-mail address: artemispan@hotmail.com Specialization: Marketing
978-1-009-09822-9 — Ethics and Business Kevin Gibson Frontmatter More Information ... Monetization Applied 264 x Contents. Cambridge University Press & Assessment
To date the literature in the field of business ethics appears to have four dominant streams: normative, meta-ethical, descriptive and pre-scriptive literature. Normative ethical literature seeks to uncover and justify the basic structure of moral systems. This literature concentrates on teleological and deontological traditions, and also ...
