What Are Business Ethics?

Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. According to Siobhan Alderson there are four keys that changed: attitudes towards implementing ethics in business, influences of top management, attitudes towards ethical issues in business, and the perceptions of responsibility towards key stakeholders in business.business ethics

We want them to think of us as their most trusted supplier.” Finally, it’s the manager’s responsibility to create a work environment that supports ethical behavior and discourages unethical behavior just as much as it’s the manager’s responsibility to manage for productivity or quality.business ethics

The parameters on the previous slide allow the employer to effectively and ethically supervise the work done by her or his employees, to protect against misused of resources, and to have an appropriate mechanism by which to evaluate each worker’s performance, thus respecting the legitimate business interest of the employers.

The social responsibility movement arose particularly during the 1960s with increased public consciousness about the role of business in helping to cultivate and maintain highly ethical practices in society and particularly in the natural environment.business ethics

She may decide that the right course of action is to not do business in the country at all, and if she is invested in the country, to divest from it. The issue of divestment received substantial attention in the 1980s and 1990s as MNCs were deciding whether or not to divest from South Africa under its Apartheid regime.