In order to fully understand ethics and how they relate to business, one must first define its key components. Sison, A.J.G. & J. Fontrodona, 2012, The Common Good of the Firm in the Aristotelian-Thomistic tradition”, Business Ethics Quarterly, 22(2): 211-246. Specifically, if an action is to be assessed by the beneficial or detrimental consequences, it follows that an action without consequences cannot be assessed as right or wrong by any standard of ethics.
Biannually, these employees undergo a web-based compliance and ethics training program to refresh and enhance awareness of the Code of Ethics, including issues such as insider trading, conflicts of interest, and harassment. Their ethical, social and environmental practices improve their performance and enhance the reputation of the firm.
With 24/7 interconnectedness, news of an esoteric issue in Kazakhstan, for instance, can spread as quickly as a public indictment in Chicago. Ebejer, J.M. & M.J. Morden, 1988, Paternalism in the Marketplace: Should a Salesman be his Buyer’s Keeper?”, Journal of Business Ethics, 7(5): 337-339.
In calling for corporations to stay out of the way of government investment in education, Mr Martin was essentially calling for corporate social responsibility in its purest form. Our interactive online learning environment was recognized with a 2014 Gold Award for Best Practices (USDLA) and the ACHE Award for Creative Use of Technology, and our degree programs are consistently recognized by the U.S. News and World Report.
While ethics deals in generalization, with the intention of application in specific situations, it applies to the decision making process – which itself may bear further consideration – which is done on the level of an individual firm. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia.