Business Ethics

Business Ethics

Introduction

The business ethics occupies a peculiar position in the field of 'applied ethics'. Like their counterparts in professions like medicine and law, consists of an unsafe application of some very general ethical principles (the "duty" or "utility, for example) and specific crisis situations and often unique. But Unlike those, the business ethics is concerned with an area of human enterprise most of whose practitioners do not have professional status and whose motives for expressing it mildly, not usually considered very noble.

Do You Believe That Business Has Any Direct Ethical Duties To Living Beings Other Than Humans?

I think that business has lots of ethical duties to living beings other than humans and a business needs to be sensitive towards all of these beings.

The subject of business ethics in its current meaning is not much more than a decade. Just ten years ago, his stuff was still a rough amalgam of a routine examination of ethical theories, a few general considerations about the justice of capitalism, and some business cases and prototypical, most of them misfortunes, scandals and disasters showing the darker side of the business world and irresponsible.

The business ethics was a matter devoid of credentials in the whole of philosophy "main", without a conceptual level itself. He was too practical guidance for even the 'applied ethics', and in a world captivated by philosophical ideas are not merely mundane worlds "possible" business ethics was too interested in the everyday currency of exchange: money.

The central concept in much of the recent business ethics is the idea of social responsibility. It is also a concept that has irritated many traditional free-market enthusiasts and sparked several controversies bad or misleading.

Friedman branded business men who defended the idea of corporate social responsibility "unconscious puppets of the intellectual forces that have been undermining the basis of a free society" and were accused of "preaching a pure and unadulterated socialism ' (Boatright, 2003).

Friedman's argument is essentially that the directors of a corporation are employees and shareholders, as such, have a "fiduciary responsibility" to maximize their profits. Giving money to charity or other social causes (except for public relations aimed at increasing the business) and participate in community projects (which do not increase the company's business) is equivalent to stealing from shareholders.

Furthermore, there is reason to suppose that a corporation or its managers have a qualification or special knowledge in the field of public ...