Business ethics concerns itself with the choices exercised by the people in organizations in terms of decisions and actions. An increasing number of companies also require employees to attend seminars regarding business conduct, which often include discussion of the company’s policies, specific case studies, and legal requirements. He contends that our decisions ought to be made in such a way, and our social institutions ought to be organized in such a way, that they would prove acceptable to us no matter whose point of view we take.
This effect is even stronger if the business was earlier accused of illegal actions. Through their research, the department’s faculty is bringing the most recent and influential ideas in business ethics to the academic and business community. Systems of production, consumption, marketing, advertising, social and economic accounting, labour relations, public relations and organisational behaviour are analysed from a moral viewpoint.
Business that are least affected are essential commodities such as food, clothing and shelter. In fact, it seems essential to do so. If ethics focuses entirely on actions that have already been taken, it has no value in guiding behavior. Business is not merely a realm for profit maximizing; it is also a human reality.
For the employer, a good sense of what type of ethics are required as a business owner is needed, because the owner is the one who makes all the final decisions. Imagine an organization with an ethics code that forbids employees from accepting gifts of any kind, but a senior executive is known to have accepted box seats at the ball game from a client.
The Business Ethics Board is charged with the development and implementation of the global business ethics strategy to ensure governance and alignment across the organisation. Public opinion is strongly opposed to it, and we believe business men are acquiring a higher standard of business ethics.