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Preview text Corporate Social Responsibility summary book Chapter 1: introducing business ethics What is business ethics? Business ethics is an oxymoron: it brings together two contradictory concepts, such as in cheerful It is about what is morally right or wrong. There can not be ethics in business, business is in some way unethical.
Business Ethics Pdf 2018
Business ethics: the study of business situations, activities, and decisions where issues of morally right and morally wrong are addressed. So a firms business ethics is practice of addressing issues of right and wrong in business situations, activities and decisions. Grey area Ethics starts where law ends, this is the so called grey area as you can see in the figure above.
Many problems are equivocal, what means that there simply may not be a definitive answer to many business ethics problems. Business ethics problems also tend to be very controversial and open to widely different points of view. Studying business ethics should help you to make better decisions, but this is not the same as making unequivocally right decisions. Business ethics is principally about developing good judgement. Defining morality, ethics and ethical theory Morality: the norms, values, and beliefs embedded in social processes which define right and wrong for an individual or a community.
Ethics: the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for a given situation. These rules and principles are called ethical theories. Ethics is about some form of rationalization of morality. So, ethics rationalizes morality to produce ethical theories that can be applied to any situation. Morality ehtics ethics rationalize ethical theory produce ethical potential solutions to ethical problems can be applied to any situation Why is a good understanding of business ethics important? The power and influence of business in society is greater than ever before.
Business has the potential to provide a major contribution to our societies (producing the products and services that we want, providing employment, paying the taxes etc.). Business ethics can also solve complex social problems.
Business malpractices have the potential to inflict enormous harm on individuals, on communities and on the environment. Business ethics can be used to improve the human condition.(bijv. Ingestort gebouw in Bangladesh) 4. The demands being placed on business to be ethical its various stakeholders are constantly becoming more complex and more challenging. Business ethics help to understand these challenges more clearly, in order that films can meet these ethical expectations more effectively.
Employees face significant pressure to compromise ethical standards 6. Business faces a trust mensen vertrouwen niet meer op business leaders, dit moet hersteld worden. Ook wordt ethics steeds meer opgepikt door de media, dit zorgt voor meer bekendheid. Business ethics in different organizational contexts Small businesses typically differ in their attention and approach to business ethics to big corporations.
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