BUSINESS ETHICS

Can we rely on corporations to be ethical and responsible?

Can we rely on corporations to be ethical and responsible?

Introduction

The study is related to can we rely on corporations to be ethical and responsible, nowadays in every business organization around the word, we hear about the importance of ethical behavior, but most importantly we listen about the code of ethics which define and make obligatory the respect of ethical behavior.

Ethics can be defined as moral values and principals. It is a decision of choosing the right among wrong and right. Business ethics are that functions which leads to choosing right decision at the right time which leads for the welfare of not only business owners but also society, consumers, stakeholders and its employees. Business ethics now days have become so important that no business can survive in the market without following them.

Discussion

With reference to corporations to be ethical and responsible, 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. 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 (Griffiths, 2000).

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.

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 (Griffiths & Petrick, 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 ...