Business Ethics-Electra Chronis

Business Ethics
Business ethics is the applied ethics discipline that addresses the moral features of commercial activity. It uses programs of legal compliance, empirical studies and the moral beliefs and attitudes of business people to create the best possible business claims. Business ethics dates back to 1700 BC with use of prescribing prices and tariffs and laying down the rules of commerce and the harsh penalties for noncompliance. In academics business ethics is roughly four decades old. Raymond Baumhart was one of the first people to contribute to the founding of business ethics at an academic level. There are several theories that have been established and they are as follows, stakeholder theory, social contracts theory and the firm-contract analogy. These are all basically different types of codes of conduct that should be informally met and followed when dealing with anything in a business environment or doing something that deal with a business, such as working on Walstreet.
When dealing with business ethics and from and employment perspective there is a large industry and employers use what they can afford when discussing things like firing people or hiring people. Business ethics is used when people may be fired from a job for something like racial discrimination. There is a at-will doctrine that covers most of the rules and expectations that help to govern all employment relations in most of the United States. Most of the discussion of the employment relation I academic business ethics concerns the fairness of the at-will doctrine ad whether other terms of employment ought to be substituted for it through public polices initiatives.
International business ethics refers to and constructs lists of norms that ought to guide transnational business conduct, For example the United Nations’ Universal Declaration of Human Rights. Also the UN Global compact, a preferred moral theory, of justice and a list of norms that are proposed as guides to the ethical practice of transnational business.
Business Ethics tied to our class
In the history of business ethics Aristotle is recognized. Aristotle’s Politics (300 B.C) addresses explicitly commercial relations in its discussion of household management.
Consequentialists have argued the at-will doctrine asking if the proponents attribute the labor market of the U.S. and the stagnant labor markets of Europe to the prevalence of the at-will doctrine in the U.S. and the idea of mandatory just cause employment rules in Europe. The consequentialist case for the at-will doctrine depends critically on the labor market and what one considers its normal or usual state to be.
I also think that the stakeholder’s theory ties into our class. It talks about how a firm should be managing in a way that works well for its stakeholders. This has basically been established so that the firm treats the stakeholders justly and does not lie to better there firm and make more money unethically.

Questions:
1. Are business ethics just about doing the right or wrong thing?
2. Why is there a difference between business ethics and international business ethics?
3. What is the purpose of Aristotle Politics?

1) Are business ethics just about doing the right or wrong thing?
Business ethics are about about doing the right and wrong thing but also understanding others morals. A senior team member instructs a junior member to do something that the junior member thinks is plainly unethical. And more times then one the junior member will comply. Being a junior member means being liable to question your own judgment when faced with a competing opinion from someone older and more experienced. So you obey. Not understanding the junior team members moral feelings was wrong.

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