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Can ethical behavior really exist in business ?
Pages 8 (2008 words)
Can ethical behaviour really exist in business? Introduction It is a world of competition that one observes today and there are competitions among firms and also among the employees of a firm. A healthy competition is desirable and beneficial for both the firms and the employees…
This paper is an attempt to analyse the concept of ethical behaviour and focus on the possibilities for ethical behaviour to exist in a business. The meaning of business ethics An attempt to answer the following question could help us to understand the meaning of business ethics: What is the relationship between ethics and morality? According to Archie B. Carroll and Ann K. Buchholtz “ethics is the discipline that deals with what is good and bad and with moral duty and obligation. Ethics can also be regarded as a set of moral principles or values. Morality is a doctrine or system of moral conduct” (Carroll & Buchholtz 242). It is obvious from the definitions that ethics and morality are more or less similar concepts and both these terminologies can be used as substitutes for each other to analyse the right and wrong behaviour in business. Business ethics could thus be observed as linked with the right and wrong behaviour and practices which take place in a business setup. The existence of a business is dependant on the nature of relationship between customers, employees, investors, shareholders, managers and directors. It is the responsibility of director board of a company to ensure the functioning of the organisation in a legal and ethical manner. ...
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