For example, corporate governance standards are closely related to ethics, but the weight of the latter in the spectrum of this field which also involves financial, legal and other issues is not always clear, especially when ethical standards collide with other customs. Thus, it is better to define business ethics through the types of responsibilities it does and does not deal with.
Finally, ethics differ from law by the sense that not everything that is legal is also moral. For instance, although it is legal for a company to pollute to environment to some extent, many would argue that pollution is inherently immoral and hence unethical. As mentioned earlier, issues of business ethics have a long history, and are thoroughly referred to in civilian and religious writings. Throughout the various forms of commerce, matters such as competition, accurate reporting and pricing to name a few are part of all major transcripts, including Aristotle, the Old Testament, the Koran and even appear in Buddhist writings.
However, this interest in business ethics has grown significantly during the 20th century, reaching a peak today due to several main reasons: First and foremost is the unique role of corporations in the modern society. This form of business, whose economic and social power may be immense and involves numerous stakeholders, motivated further thinking regarding the means in which possible negative influence of corporations can be restricted.
This was due to the explosions of scandals such as Enron and WorldCom as well as a growing interest in corporate affairs in Hollywood, leading to blockbusters such as Wall Street, Quiz Show, The Insider and Jerry Maguire.
Third, a new wing of economic and legislative thinking in all fields of ethics e. As the theoretical and practical efforts in the field of business ethics surround virtually all aspects of business conduct, there is also a great variety within this science. Are there some things that simply should not be bought or sold? Is child labour always wrong? Alone vs the System. Is Uber a good or bad thing, overall? Is misleading advertising unethical? Misleading Headlines About Misleading Advertising: Do ethics classes make people more ethical?
Does Teaching Ethics Improve Ethics? Is capitalism a force for good or evil? Why is trust important in modern economies? Follow us via Email! Fast Food and Animal Rights 2. Stories about minimum wage ethics 4. Ethics of Commerce in Alternative Medicine 8. Alone vs the System Business Ethics Highlights is curated by the editors of: Business Ethics Highlights is published by: Post was not sent - check your email addresses!
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Business Ethics Research Papers discuss the corrupt business practices from well known businesses.
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