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Business Ethics Essay

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Below is an essay on "Business Ethics" from Anti Essays, your source for research papers, essays, and term paper examples.

What is the role of law in business ethics? To truly understand this, we need to take a look at them individually. Ethics is founded on the basis of morals, principles, and values, and refers to what society deems as good or bad, or right and wrong. There is no set standard for what is or is not considered ethical behavior. Since ethics is objective, people often adhere to a certain set of rules that changes depending on where you are and who you are with. A good example of this is how your behavior changes when you are at school, with friends and family, or at work. Business ethics deals with the moral and ethical issues that businesses encounter, and the most effective ways for them to handle these issues. When talking about business ethics we can look at it from the point of view of the employees, the corporation, or society as a whole. Often decisions made by the company will not be viewed the same way by all parties. In certain instances something that is good for an employee, could be viewed as bad for the company. Many believe that it is the role of the corporation to find a balance. Often, implementing and enforcing a code of ethics is a good place to start. It allows the company to inform its employees of the rules of conduct and clearly states what is expected from them. By giving their employees these guidelines, they are able to set a standard for disciplinary action and assign others to enforce these rules. Over the past decade there has been a significant increase in the number of employees that have received some form of ethics training.
Social responsibility is another area of business ethics that relates to how society believes a business should behave and how they should interact and help the community. Even though some would argue that a corporation can’t be held ethically or socially responsible, it is the opinion of the majority of Americans that they should be. We see proof of this when   Americans trust in all types of institutions dropped...

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Business Ethics. Anti Essays. Retrieved December 10, 2018, from the World Wide Web: http://teachingsail.com/free-essays/Business-Ethics-410852.html


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