For Genuine Business Ethics (original) (raw)
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The Possibility of Ethical Business
Journal of Dharma, 2020
As the business activity is an integral part of our social life, building an ethical society must include, among others, ensuring the ethical conduct of this activity. The concept of ethical business, however, has always been controversial especially in light of the alleged incompatibility of the profit motive with the motive of benevolence. Accordingly, it is thought that the profit motive is essentially selfish which thereby contradicts the selfless motive of benevolence. A standard strategy for reconciling these two motives takes the profit motive as a means to perform benevolent acts, which, however, only separates the business act from the ethical one. This essay advances an alternative strategy in which said motives occur simultaneously as motives for performing the same act. After demonstrating its possibility through a case involving General Motors, the essay shows how this strategy can be ethically justified using the Kantian moral principle of respect for persons.
Ethics and its effect in business
As the globalization developed rapidly, every individual plays much more important role in modern society. It is seems there are many people realizing that live in forming communities is better than live in an isolation island. In the highly level society, people more likely get their needs efficiently and easier to enhance their life quality. The problem for every forming community or other social group’s members is when people make decisions, especially when they focus on their own needs and face temptations, if they prefer make decision in a selfish way.
Business ethics and corporate social responsibility are often seen as instruments for improving the functioning of a corporation, to add value to business like other 'tools'. The Inter-faculty Group in Business Ethics of the Community of European Management Schools (CEMS) produced a new book "Ethics in the Economy: Handbook of Business Ethics" (Peter Lang Oxford, 2002, 2004) which presents a rather different, non-instrumental view of ethics in business. The chance to improve the ethical quality of our economic activities can only be taken if our motivation is genuinely ethical; that is, only if we want to realize ethical conduct for its own sake. Ethics is like love. Only those who love their partners in and for themselves will enjoy all the blessings of a loving relationship.
Roles of business ethics in new global economic environment
2016
Business Ethics is one of applied ethics and its contemporary task is to morally regulate activities of economic subjects in a new global economic and social environments. Business activities within this environment are connected with many immoral practices leading towards global inequalities, global social thunders, and conflicts or deepening some of the global problems. The business ethics focuses on the fact that in attempt to succeed in the market and global competition, economic subjects forget about the principal role of economics which is to satisfy the needs of citizens in the world and take part in development and improvement the quality of their lives. It clarifies the need to examine business activities from the point of view of ethics and take into consideration also the global ethos in a new global economic environment. Furthermore, it proves the need to morally regulate business activities so that business subjects realized their activities in a global environment resp...
Business Ethics and Socio-Economic Development
In our modern world, we often hear a lot of information concerning business ethics. Thus, the most frequent issues that are very popular currently in the world are the number of poisoned workers during working process, death cases, the increasing number of death illnesses, destruction of flora and fauna, the exploitation of workers, hazardous products, the contamination of environment with dangerous chemicals by factories, bribery scandals, abuse of power, breaching the working conditions, undeserved income, attracting children to work and etc. Both in Azerbaijan Republic and in most countries of the world these issues are on top agenda. Those issues mentioned above are all important for the socio-economic development of the society. In this article, we will mainly analyse the interrelationship of business ethics with socio-economic development. Business ethics is always positively related with socio-economic development. Either the social or economic development of the society will be guarranted if the ethical issues are obeyed in the country. At the same time, we can say the vice versa. The ethical values are mostly paid attention in socio-economically developed countries rather than least developed ones. Here we would like to approach the issue from two perspectives - the ethical issues concerning the internal environment and the those concerning external environment of the enterprise and their effects on the society. Key words: Ethics, socio-economic development, society, business ethics, external and internal environment of the enterprise.
2015
This paper takes a brief look into a number of important issues that each requires a much deeper level of inquiry and analysis. The core issue is based on a fundamental assertion that ethics is an inherent component of a well-run economy and successful businesses. In recent years, business has been viewed increasingly as a major cause of social, environmental, and economic problems. This paper questions the sustainability of recent economic and business practices. It argues that the cost of economic crisis, the fallouts from unfair business practices and the emergence of an uncertain future for humans and other living beings on Earth are some of the more obvious costs of the inefficiencies caused by unethical behavior. The issue of profit maximization as a concept that works against its stated objective by bringing a fall in profit in the long term is looked into closely. It also questions the validity of a number of long-held economic principles of neoclassical economics. Finally, ...