Ethics In Business (original) (raw)

Old and New in Business Ethics Theory

Business Ethics and Leadershi, 2020

This paper aims to show the need to study both classical and modern theories in business ethics. It is necessary because social relations in production change, as do production conditions, the relationship between owners and workers, employees. The aim of the article is also to demonstrate the possible deviations from the natural, basic principles of ethical behavior in business and to look for opportunities to regulate them and limit the opportunities for their manifestation. This study has an epistemological character, dedicated to studying the evolution of fundamental ethical theories explaining the interaction between subjects in the ethical ecosystem. In developing the article, descriptive analysis was used to identify, analyze, and summarize the main features of poodle theories in business ethics. This paper has its theoretical basis of a rich category of tools and classical theories in aesthetics; new business ethics theories are being developed as an inalienable part of the ethical ecosystem. The evolution of the productive forces has had its irreversible impact on the ethical relations in the social system and on each business unit as a whole. The interrelations between the main religions professed by mankind − Christianity, Judaism and Islamic religion with the main category assessing the return on investment, namely the interest rate, are analyzed. The conclusions have been drawn about this type of income in the older religions and newer religions. Basic new business ethics theories are analyzed, such as the Theory of moral hazard, Agency Theory, Diamond's Theory of delegated monitoring, Rent-Seeking. Research on the evolution of basic business economics theories is usually done based on theoretical analysis and much less based on specific business cases. Here is presented the manifestation of modern theories in business ethics, particular cases of changes in the state of business ecosystems and possibility that basis can also serve as a legal and regulatory initiative to precisely regulate these deviations and their sanction. The chosen form of research is sharing the opinions of the author of the study. In this article, the author seeks the connection, the integration of ethics in the functioning of the business system due to the severance of the direct relationship between owners and employees and the emergence of intermediaries as agents to whom decision-making rights are delegated. The severance of this relationship is at the heart of the evolutionary development of the ethical business side in the context of existing constraints.

Ethical paradigms in business and society

Economics. Ecology. Socium

Introduction. Ethical conduct emerges as a topic of discussion especially when conflicts arise between people, which cannot be resolved by regulation because of new circumstances and situations, or when legal norms prove insufficient or are disregarded, therefore leading to ethically unacceptable practices. Ethical issues of this kind are now at the forefront of social treatment, mainly because modern management practices have become increasingly problematic, areas of activity are expanding, and businesses and other forms of activity are increasingly under ethical pressures from multiple stakeholders. According, ethical behaviour is becoming a global issue and a pressing topic both in general and professional discussions; scientific analysis is therefore extremely relevant. Aim and tasks. This article’s aim is to study the ethical principles and morally ethical problems that arise in various business environments, such as medical, technical, legal, and commercial, as well as in sect...

Business Ethics and Social Responsibility

Ethical and moral standards are the foundation of any company, big or small. In an effort to move beyond mere legal compliance, many companies today develop and institute a foundation of integrity-based ethics. These foundational elements include laws and regulations as well as a core set of operating principles and values, which a company follows when conducting business with its customers, employees, shareholders and the community. This framework drives everything a company does, day-in-and-day-out. The code of ethics must not only be

Implementing Ethics in Business Organizations w

In view of the scope and scale of the latest scandals, e.g. Enron's maximum breaking bankruptcy, the re-discovery of ethics in business has received an impressive boost. By now even car salesmen have written ethics, ''a Code of Conduct'', e.g. in the USA or Poland. But there is no clear aim of the role ethics obtains in organizational settings as we may show in some small cases of practical approaches to deal with ethics in organizations. We discuss how ethics is the prerequisite to conduct any business and what advantages may be realized if a clear set of ethics is followed. We will discuss three practical examples. In cases of ethics-based valuesadded management of Siemens (Germany), Boeing (U.S.) and SAP (Germany) we explain the mechanisms of ethics in management to strengthen organizational success. We emphasize the importance of clear ethics-related communication processes in organizations. We explain the use of communication theories inside organizational processes to clarify communication about such an abstract topic as ethics. Finally, we point out how a management of ethical ideas and cultural values should be designed in business enterprises.

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.

Analysing the principal elements which influence the business ethics

2010

Along with increasing the influence of the private sector in the economical and financial life, the interest in the business constantly grows. It isn’t enough for organizations to offer new more qualitative, accessible and safer products on the market for the customers or these to offer better conditions for the employees, they must analyse the elements which influence ethics in the business, eradicating poverty, sustaining the healthy system and protecting the environment.