Business Ethics

Management


Business Ethics
Business ethics is a system of moral principles applied in the commercial world (BNET.com). Business ethics offer guidelines for acceptable behavior strategically (long term) and daily operations (short term). Companies today have to focus on ethical business practices or else they will suffer the consequences of a negative image and a poor reputation. Today the media has publicized many acts which have been deemed unethical. All one has to do is reflect back on Enron and see how far some companies have gone. Today many colleges are integrating several kinds of ethics courses in their curriculum and business degrees also have heavy focus on ethics in many courses. Difference between values and ethics by Scott Gowing Each person has a set of values and a code of ethics to which they adhere, but is there a difference between the two. Often times the two are used interchangeably with each other, but there are significant differences that are important to und... More> The difference between ethics and morals by Elizabeth M. Young In defining ethics the elements of defining or identifying what is right or wrong, or good or bad, in human action is the source of much philosophical thought and discourse. Ethics, however, are also codified into systems of moral principles or... More>
	How to develop good business ethics by Bob Schmidt Good business ethics are the product of having an understanding of what represents good and bad business behavior. Some of the worst breaches of business ethics are controlled by punitive laws designed to protect consumers, such as bribery laws. How... More> Understanding the basics of business ethics by Kishore Business ethics goes beyond the law. Business ethics is honesty, fairness, morality, equity and justice. Business ethics includes social responsibility, integration to local community, a long term stakeholder approach and respect for the environment... More>
Factors to consider in developing a business ethics policy by Matthew J. Geiger Business ethics exist to ensure a firm does not undermine the integrity and longevity of its industry. Consequently, ethics also represent an attempt to address factors which cannot be fully measured or understood, to ensure success now and in... More> The importance of a good work ethic by Leigh Goessl Ethics are very personal and subjective. It is likely in the workplace you may find some variables in ethical makeup in different people. Despite a degree of difference in ethical perspectives, in the work environment there is typically a general ag... More> Business Ethics in the News Adelphia, U.S. Settle For $715 Million (2005) Former Merrill Execs Sentenced: Pair Convicted of Fraud in Enron-Brokerage Barge Deal Ethics World The Fall of Enron (Chronology on Chron.com) MSNBC news: Corporate Scandals
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Quick Facts

*Business Ethics is considered a study and evaluation of decisions made in business, and can be subjective in nature

*Business Ethics has become a large area of study in the academic environment

*It is common to see ethical differences in business philosophy

*Global diversification has added a unique dimension to business ethics due to cultural differences and norms

*There is often a fine line between being ethically responsible to shareholders and to society and the two often conflict in the business world

*Managerial decision makers are often faced with balancing practicality and profit vs. other social issues

External Links

International Business Ethics Institute
ERC - Ethics Resource Center
Society for Business Ethics
Defense Industry Initiative
Small Business Administration: Business Ethics

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Business Ethics Interview with iShares - Chuck Gallagher Business Ethics Speaker

Working with iShares - Chuck Gallagher is interviewed for a webinar that iShares created for their clients. Chuck Gallagher, business ethics speaker and trainer is featured in an interview setting - sharing insight into the practical implications of choices and consequences.

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