Morality can be defined as the standards that an individual or a group has about what is right and wrong or good and evil. As an initial step, we will further integrate ethics throughout our business curriculum. The best thing business people can do for society is to be good business people, which is to say, to maximize the company’s profit. The Code of Business Ethics builds on our six core values by providing greater detail about expected ethical behaviors of all employees.
Said another way, if an actor is capable of rational though, we expect them to apply reason to determine the ethics of their decisions and the precipitating actions. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings.
The business ethics training needed for you and your managers is typically more extensive and complicated than that which you will be requiring for your employees. Child, J.W. & A.M. Marcoux, 1999, Freeman and Evan: Stakeholder Theory in the Original Position”, Business Ethics Quarterly, 9(2): 207-223.
The primary problem in applying Maslow’s hierarchy to ethics is that Maslow explores the motivations of the individual to act in his own benefit, whereas ethics most often considers the effect of actions upon others. Consider the case of Healthy Buildings International (HBI), an independent building inspection business.
One might as well argue that an organized crime boss can avoid responsibility for murder by hiring a hit man to do the deed. In instances where the actor executes upon a decision made by another party, the ethics of his participation are primarily derived from his independent decision to comply with the orders he has been given.