Research Paper: Ethics in Business

Masters
Essay
Miscellaneous
Pages 8 (2008 words)
Download 0
Ethics according to Milton S, Robert A and James H (2001:15) is defined as a discipline that involves investigation into the moral judgments people make and the rules and principles on which such judgments are based. Ethics in business on the other hand is the act of a business or business employees to follow to the letter certain basic moral principles when transacting with their customers…

Introduction

When adhered to, such moral values enhance the performance and profitability of the firm since it attracts and maintains customers together with their trust in the products or services offered by the business. The companies' basic moral principles according to Cory (2004:2) "are honesty, acting in good faith and in an equitable and just manner without betraying the trust of the stakeholders and by treating them as equals, practicing reciprocity, avoiding the exploitation of others, and acting from your own free will without forcing your will on your partners". It is virtues like honesty and acting in good faith that in our case study we see Steffan, in his capacity as the project manager violating deliberately.
There is need for business to develop and faithfully practice these moral values for purposes of well societal being. Unfortunately they fail to do that. Incidentally it is the managers and the CEOs who often are accused of violation of core values of the society like in the case of Steffan Larson who disregards Lauren's advice. They are usually morally blind and instead throw their focus on profit making. ...
Download paper
Not exactly what you need?

Related papers

Business Ethics Paper
A business is considered as a subsystem of society. Business ethics implies the profit making is not at all unethical but the company should discharge their social responsibility towards the society. The social obligation of a company towards the society is very complex and unlimited. But if the company wants to flourish it has to contribute to social welfare. The company which makes losses is…
Business Ethics is Not an Option
Analysis leads to the conclusion that observance of business ethics is not optional.…
Research Paper: Ethics in Business
When adhered to, such moral values enhance the performance and profitability of the firm since it attracts and maintains customers together with their trust in the products or services offered by the business. The companies' basic moral principles according to Cory (2004:2) "are honesty, acting in good faith and in an equitable and just manner without betraying the trust of the stakeholders and by…
Business Management/ Business Ethics Discussion paper
The company buys mortgages from local lenders and repackages them for sale as securities" (business-ethics.com, 2005). Due to the fact that the United States annually accepts thousands of refugees and asylum seekers as well as immigrants from the so-called third-world countries, the service is highly relevant and its availability determines overall social welfare.…
Business Ethics in Business Education
This papers content is also highly relevant in the current climate as the existing economical situation stresses. Adam James writing in The Guardian argues it was the business schools that flooded the banking world with the unethical graduates which facilitated the economic plunge. (The Guardian, 2009).…
Business Research Applications Paper
Research happens to be an integral part of any science and medicine related company. Merck & Co., Inc. is also a global research-driven pharmaceutical company. Established in 1891, Merck discovers, develops, manufactures and markets vaccines and medicines to address unmet medical needs. The stated mission1 of Merck is, "To provide society with superior products and services by developing…
Business Ethics Coursework
Previous study shows that morality and business ethics is not only an important and compulsory part of business success, but also a methods of fostering cooperation and honesty among its workforce as well as encouraging candor towards the societal and philosophical issues about the business responsibility in contributing to the community welfare and Environmental preservation.…