Business ethics concerns itself with the choices exercised by the people in organizations in terms of decisions and actions. That is to say that a first-level priority of one party (their immediate need) is at best a third-level priority when the consequences to them is made by someone else (presuming they value their social connection to another party). They give one an opportunity to think through, at one’s leisure, complex ethical issues that are likely to arise later, when there is no time to think.
Daniels has been recognized by Bloomberg’s Business Week as one of the Top Undergraduate Business Schools for Ethics.” BELS carries the torch for this significant Daniels College legacy. And one of the key mechanisms used in the modern business world to generate trust is brand.
We affirm the legitimacy and centrality of moral values in economic decision making because without them, business relationships and strong communities are impossible. The decision is still rational, and it is practical, but the lack of benefit or detriment to another party makes it of negligible interest to ethics.
In a business context this puts limits on the aggressive strategies that managers can use in pursuit of profit. I’ve been blogging for over a decade, and I appear pretty regularly on TV and radio to comment on controversial issues. It’s also worth noting that the application of physical force is characteristic of government, but the absence of physical force is a quality, but not a distinguishing characteristic, of business.
As philosopher Joseph Heath has convincingly argued , this idea of constrained competition serves as a strong foundation for an ethics of business grounded in the goals of markets themselves. SF State’s Graduate Business Programs offers two ways an MBA can focus their professional development to work for ethical, sustainable practice employers.