And what are we to make of Corporate Social Responsibility – all the vogue now; do businesses really have an obligation – as opposed to a profit motive – to care about the environment, the communities in which they operate, and so on? The fourth Business Ethics Week, held in November 2009, continued the tradition of faculty from every department in the College conduct discussions and activities in their classrooms related to business ethics. If there is no action, or if there are no consequences to an action, ethics simply does not apply.
Identify and analyse current public issues in the interplay between businesses and their stakeholders, such as social justice, environmental degradation, and government regulation. In Carr’s view, everyone who enters the business arena accepts bluffing as permissible, just like everyone who enters a boxing ring accepts punching people as permissible.
Ethical issues also tainted the competitive aspects of Rio, before the games even started: Russia’s entire track and field team was banned from participating, over concerns regarding widespread, systematic use of performance-enhancing drugs. Third, and this is admittedly an indirect extrapolation, that the motivation of an individual to serve his own interests is entirely a matter of psychology that has little importance or interest to ethics.
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. Good governance is fundamental to conducting business responsibly across our operations.
A large percentage of the business life consists essentially of talking people out of their money. Launch IoT safer, faster and more efficiently with our platform and accelerate your business. Having considered the potential positive and negative consequences of an action to the actor himself, it has been concluded that an action that has no consequences for any other party is not within the scope of ethics to evaluate.