While parliament’s chief preoccupation is the letter of the law, it also has a duty to uphold the law’s spirit. As with any other organization , a business is created to fulfill a specific purpose, and that purpose is significant in that it drives the behavior of the individuals who carry out the activities of the business. The difference between government ( 1 ) and business is in the absence of force.
It specifies the basic norms and behaviours for those conducting business on our behalf. Nevertheless, some companies do act unethically, especially if they expect to do little repeat business. If he does, we are going to learn that the best business decisions are not always the most ethical ones.
A complication for the debate about whether to apply home country standards in host countries is that multinational corporations engage in business across national boundaries in different ways. The resources found here range from research, whitepapers, past webcast PowerPoints, recordings, infographics, articles and more to use for new ideas within your own programs as well as a comparative benchmark against what others are doing.
Since it is internal to an individual, its would seem to be of little relevance to social ethics. So honesty and respect really do pay in the business world, especially in the long term. As the largest cruise company and one of the largest vacation companies in the world, we recognize our responsibility to provide industry leadership and to conduct our business as a responsible global citizen.
Companies which conduct business in an unethical manner run the risk of harming not only its stakeholders, but also the general public. Ann Skeet, director of Leadership Ethics at the Markkula Center for Applied Ethics, discusses human rights concerns, representation of diverse stakeholders, and metrics for a business’ environment, sustainability, and governance practices.