In an effort to absolutely understand ethics and the way they relate to business, one should first outline its key elements. Unhealthy ethics and dishonesty, greed and rudeness don’t help a business in any respect, and the business will collapse when the customers all go elsewhere, or when the whizz child crookery is discovered and punished. Insights from a Discourse-Moral Perspective”, Business Ethics Quarterly, 25(4): 489-516.
Many people may believe that the study of business ethics is merely a sentimental endeavor, one that’s based primarily on private opinion and requirements. Empowered staff use these requirements and practices as the idea for their actions and choices.
Ethics can, and sometimes does, evaluate the actions of the previous – and whereas there could also be some worth in doing so (to judge and punish wrongdoers), its principle worth is as a information for actions to be taken in the future. And the argument at this point comes full circle, because the person who made the choice to participate in or encourage others to undertake an unethical action was motivated to do so to his desire to attain some profit for the establishment.
It might seem a safe conclusion that the mission statement, like some other professed set of values, is unreliable, and that the actions of the business should be evaluated to find out the ethics of the group, as spinoff of its actions. The Business Ethics Blog , by Chris MacDonald, Ted Rogers College of Administration.
A proper understanding of business ethics makes the reasoning clearer, however the principle thing continues to be that the earnings of a publicly owned company will not be the managers’ to give away. In New Instructions in Corporate Social Duty,” Bowie, in effect, turns around the ethical telescope.