Business Ethics as a Part of a Contemporary Business Strategy: Study in Theoretical Perspective (original) (raw)
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Ethics as a foundation of management – a valuable resource or a relic in times of crisis?
Jurnal Ekonomi Bisnis Volume 16. No. 3 Desember 2011, pp. 147-157
"Following rules of activity, resulting from ethical norms accepted in given society, may be one of sources of a competitive advantage. Though, it can be presumed that not everybody is aware of the necessity as well as of advantages connected with activity running this way. In this aspect, the aim of the article to show Polish businessmen attitude towards challenges flowing from handling business in accord with ethics. All theoretical issues discussed herein pertain to the topic of business ethics. Empirical data presented in this paper were gathered by the authors during 410 interviews about ethics that were conducted with businessmen running small and middle firms. The main intention was to determine if obeying ethic rules is a real value for entrepreneurs. From obtained results the conclusion, that Polish businessmen declare the importance of ethics in their activity, but in practice the bulk of them does not remember any rules and does not recognize ethics as a footing of business, can be draw out. "
A Descriptive Study on Business Ethics
International Journal of Research in Commerce and Management, 2016
Ethics in Business has gained momentum over the last few decades with the advent of competition. A decade ago competition was relatively low. However, with the increase in struggle at an alarming rate, some business organizations are resorting to unethical practices which are ultimately harming the human kind and their values. There is a growing realisation all over the world that ethics is very essential for any business to grow. Ethics and business go together; it means if there are good ethics, there is good business. Even the government of every nation across the world is stressing upon business corporate to be ethical and follow ethical practices. "In law a man is guilty when he violates the rights of others, but in ethics, he is guilty if he only thinks of doing so." Hence, higher education must pay more attention to helping students understand how to lead ethical lives. The aim of this study is to investigate the common sources of ethics and to understand the impact of business ethics over the organization as well on the nation by analysing its pros and cons.
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.
The Dilemma of Business Ethics
Procedia Economics and Finance, 2012
Economist cannot avoid ethical questions if they want to understand the terms of policy debate, to help determine public policies, or to select problems for study. This ethical question is more often recently because of the pressure on financial economies, especially in emerging economies, to act unethically. Often legislation is required to correct unethical business practices. As we look back we see that moralizing by itself cannot do so much. It is only when moral concerns are translated into legal demands that changes are widespread, reliable and enduring. So in this paper we try to understand the dilemma of doing business ethically and the link between business ethic and the legislation.
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.
Antecedents of Ethics: It’s Reflection in Business
International journal of applied research, 2015
Ethics concern an individual's moral judgments about right and wrong. Ethics is the standards of conduct that indicates how one should behave on moral duties and virtues, which themselves are derived from principles of right and wrong. Ethics consists of rationality toward the highest level of survival for the individual, the group, the future race and mankind and other parts of existence taken collectively. Business Ethics deals with issues regarding the moral and ethical rights, duties and corporate governance between a company and its shareholders, employees, customers, media, government, suppliers and dealers. The ethical issues in business have become more complicated because of the global and diversified nature of many large corporation and because of the complexity of economic, social, global, natural, political, legal and government regulations and environment, hence the company must decide whether to adhere to constant ethical principles or to adjust to domestic standards and culture. Ethics is important not only in business but in all aspects of life because it is the vital part and the foundation on which the society is build. No matter the size, industry or level of profitability of an organization, business ethics are one of the most important aspects of long-term success. This paper attempts to highlight few crucial aspects of ethics viz; the antecedents of ethics, relationship of ethics with analogous conceptions, rationale behind the development of ethical principles and relevance of ethical conduct at the workplace.
60 | P a g e IMPERATIVE OF BUSINESS ETHICS AND ORGANIZATIONAL SURVIVAL
Survival is very crucial at this period of business turbulence. Organizations strive for survival and continuity, while seeking relevance and key positions in the industry. Over the years the term ethics in organizational survival has long been associated with management scholars and business leaders around the world. This study which was based was based on previous literature examined and highlighted the importance of business ethics in organizational survival. Business ethics in this paper was measured in the dimensions of integrity, work attitude and self-discipline. The paper anchored on stakeholder theory by Freeman (1984). It was stated that business ethics have positive impact in the reduction of fraud cases, corruption, theft and mismanagement of fund by employee and corporate adherence to rules and regulations is insignificant in relation to organizational survival, though the relationship is positive which means that if organizations are align with the adoption of business ethics it may lead to corporate growth. Based on this it was recommended that organizations should develop and promote business ethics, and the need for the cellular communication companies operating in Jordan to identify ethical policies and distribute them across the company, and the training of staff to enhance their ability to cope with the difficult ethical problems.
In general nobody denies that in today organisations are not any more evaluated only according to their financial performance but also to accountability and responsibility. Ethical and corporate responsibility issues have been the subject of numerous discussions in the world today. More and more attention and efforts are being directed to these matters, various research projects are being conducted, publications and articles issued, study programs elaborated and seminars organised in order to create an awareness of the problem in the minds of the people and change the pattern of unethical behaviour. In this essay I will discuss about the topics of ethics and responsibility in business, arguing that this is nothing new and unnatural, not something additional to the business activities, but in important and even decisive integral part of everyday business. For understanding the essence of ethics and responsibility in business I am taking a more holistic view, which combines together the concepts of Corporate Governance (CG), Corporate Social Responsibility (CSR) and Ethical Leadership (EL) and follows the Stakeholder approach. Similarly I have used the same concepts in my work about Corporate Moral Development (see Kooskora, 2008), but during the last years I’ve even more convinced that this model can be used for more general discussions about ethics and responsibility in business as well.