There's No Such Thing as Business Ethics: There's Only One Rule for Making Decision by John Maxwell

There's No Such Thing as Business Ethics: There's Only One Rule for Making Decision by John Maxwell

Background of the Book

John Maxwell is recognized as an expert in leadership; miler of people attends his seminars each year. Its principles were adopted by more than 500 companies. He is also founder of several leadership organizations and author of over thirty books, which sold millions of copies worldwide. This book addresses the ethics in business and leadership. Business ethics is a somewhat of a young area of study which has not matured in decades, usually people accept it as an approximate way of working in a traditional society (Maxwell, 2003). According to the article, it is difficult to highlight what is ethical, and what is not. It is acceptable as factual science, that when business ethics turn to organizational matters, they manage not to address the financial context in which the management of the business takes place, but rather in an organizational context altogether. This topic presents managers in companies with tough business conclusions founded on the uncertainties of heritage relativism (Ahmed, 2003).

Gift giving in global business transactions is, therefore a difficulty of relativism and is often in the precept “When in Rome, manage as the Romans do”. The article address that business ethics are enthusiastic, and to talk about the implication of notions and even enthusiastic to renegotiate are taken-for-granted assumptions about a business practices. The emphasis on the contribution to the community is in relevant detail, and the importance they have to a community, as appreciated by the socialistic school of thought (Badawi, 2005).

Critical evaluation of the Relevance of the Book to Business Ethics

Considering that fact that discovers of companies has been cognizant of and has encompassed the privileges of stakeholders, and their responsibilities and their obligations to them, in their business strategizing, raising the question of ethics. One of the most recurring ethical matters that can be discovered in the locality of companies is the number of them that have managed with the inquiry of bribery and gift giving in global business. This topic presents managers in companies with tough business conclusions founded on the uncertainties of heritage relativism. It may be the case that, in their dwelling homeland, the exchange of presents between business aides is unethical and, in some situations, such swaps may be construed as illegal bribes (Buckley, 2001).

However, in numerous owner nations business gift giving is a heritage anticipated part of managing business and business connection building. In detail, in some nations the malfunction to give presents may lead to the decrease of business transactions since the owner may take the non-attendance of a gift as an abuse and in some contexts the worth of a gift is to be high. Gift giving in global business transactions is, therefore a difficulty of relativism and is often in the precept “When in Rome, manage as the Romans ...