Ethical standards in business - Essay Example

Only on StudentShare

Extract of sample
Ethical standards in business

1987). Thus any virtuous manager aught to be particularly conscious about the validity and credibility of one's ethical affiliations and must ensure that the organization being managed and run by him/her abides by the time tested and authentic standards of integrity and propriety.
It often gets difficult for the managers operating in the contemporary organizations to accurately identify the ethical standards, considering the deluge of ethical philosophies circulating in the academic and intellectual spheres. In the given context, it will be highly relevant to consider the opinions pertaining to ethics furnished by various schools of philosophy, which will go a long way in understanding the dilemma faced by the conscientious managers pertaining to the identification of appropriate ethical standards in a given situation.
As per the theory of ethical relativism, there exist no universal norms pertaining to what is right or wrong (Ethical Relativism 2008). This gives every individual a free hand in deciding what is right or wrong as per one's discretion and understanding. ...
Download paper

Summary

When it comes to business ethics, the scenario gets really amorphous and vague. A few years ago, the sociologist Raymond Baumhart conducted a survey in which he asked business people hailing from a number of reputed organizations and corporations about what ethics meant to them…
Author : zbradtke

Related Essays

Ethical Integrity
8 pages (2008 words) Essay
Developing an Ethical Business Environment
4 pages (1004 words) Essay
Business ethics at workplace and ethical Issues affecting community and organization.
2 pages (502 words) Essay
Business Law - Ethical issues
9 pages (2259 words) Essay
Ethical Issues in International Business
8 pages (2008 words) Case Study
Business Ethics: Ethical Standards in the Workplace
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!