Frontiers of Business Ethics: Moral Issues in Business Practice is a business ethics course that aims to promote ethical reflection and practical decision making. If clients and customers don’t trust you, and your business ethics, they will not do business with you. Aside from this, an ethics policy also goes a long way in building a positive relationship with the community, as well as in strengthening the company’s public image as a whole.
Indeed, the more common approach is to identify a business activity and then analyze it using intuitions and principles common to many moral and political theories. Our Code of Ethics contains provisions regarding conflicts of interest for employees. My sense is it would also be an active verb, as a passive verb implies being the subject of an action undertaken by another party, and a verb that merely describes a condition (merely to be”) is of little interest to ethics.
Alex: Well I think it’s up to the owners of the business to decide how they want to run their business. Ethics is defined as a branch of philosophy, which is explained in detail in the previous post. The first is the growing public perception that greed is the foundation of all business.
Compliance with an order does not usually exonerate the actor from bearing responsibility for the consequences, though it is generally considered to be a mitigating factor. While business generally involves a collection of capital resources, my sense is that this is not a distinguishing characteristic.
Business ethics relate to how a company conducts its business in order to make a profit. It’s also worth noting that evaluating the ethics of an action that was taken in the past is of limited use: the past cannot be altered, though it may serve as a lesson to be taken into consideration in future.