Business ethics — ethical business behaviour Abstract This essay aims to analyze the essential of ethical business behaviour.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access Business Ethics: Stakeholders, Environment and Discrimination Essay Sample In this paper, it is expected that a discussion about Business ethics: stakeholders, the environment and topic of discrimination will be made.
There will be discussion also about related topics of each subject being mentioned. The term is derived from the term stockholder or shareholder.
In the first place, business establishments have obligations to stakeholders and even to other people in general. In every issue in the community, different individuals are involved with it for different reasons. Besides, successful community education projects recognize and engage the groups or individuals who have a stake in the issue.
In addition to that, stakeholders can also be defined as those who are interested in, concerned about, affected by, have a vested interest in, or are involved in some way with, the issue. This has something to do with projects that are done in the community.
This time, we value each and every obligation of every stakeholder that exists in our community. We may ask, what are these obligations, and how do they arise?
Obligations are owed to shareholders because they put in their money. The contributions in the form of money that they had given are the driving factor of the said obligation. We remember the reasons presented by Milton Friedman who is an economist who denied that businesses have obligations to the wider community.
He thought they had obligations only to their shareholders. Aside from that, shareholders also do not own Chief Executive Officers or other employees so they cannot prevent the staff of company who is acting in ways appropriate to their positions of responsibility. We also know that being a bad corporate citizen can affect the flow of profits.
It is the role of the shareholders to make sure that their share in the company is being protected. Any sign of inappropriate leadership in the company that leads to mismanagement must be investigated and solved by them.
The central question is just how extensive those responsibilities are. Are they to shareholders only? Or also to others? Actually, this possibility does not occur to Milton Friedman.
In line with that, Chief Executive Officers of an organization or company have also roles to perform. This is because Chief Executive Officers of corporations are employees of shareholders. The purpose of their employment is for them to maximize profits. Therefore, their job is simply to maximize profits.
They should not do anything that is outside their functions. Besides, Chief Executive Officers who pursue other goals may impose a tax on shareholders but this can be done only in democratically-elected governments since they can legitimately impose taxes.
A warning is also given, such that these acts may cause social harm because they have no expertise in pursuing social goods like fighting inflation. Therefore, Chief Executive Officers must do it properly. Businesses also cannot worry about those who are affected in insignificant ways.
That is why there must be limits. These limitations may include the ability to discuss only agenda that is vital to the operation of the company and to account only those matters that has a significant value to the business operations.
Environment It is admitted that we have the duty to protect the environment in all aspects of our activities. It requires all people inside or outside the business world to hep each other in preserving the environment.
The reason is obvious, if anything will happen to us because of inability to protect our environment, all of us will be affected and no one is exempted. Now, there are things that we should avoid in order not to destroy our environment.
We must avoid pollution all the time. Most companies are charged with great responsibilities to see to it that their business operations do not cause pollution.
Aside from that, it is not also denied that pollution is a cost borne not merely by shareholders, but by all.Ethics In Work Place Business Essay. Print Reference this depends upon the personal ethics of those who are in authority over that workplace and also those who work in that environment.
Workplace ethics are codes of conduct that influence the development of an ethical culture within the workplace. promote discrimination in the workplace. Jun 26, · In fact, they believe that in the ideal business environment, other than protecting property, the government should not regulate business at all, and rather internal ethical systems should govern the organization, ideally in a Friedman-like utilitarian fashion, taking into consideration the fate of stakeholders only so much as need be, for the.
Essay on the Definition of Business Ethics: Business Ethics is the application of ethical principles and methods of analysis to business.
Business ethics deals with the topic of study that has been given its due importance in business, commerce and industry since last three decades. We will write a custom essay sample on Business Ethics Comprises specifically for you.
the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders. E) the morals, values, and customs that parents teach their children. a business’s responsibility not to pollute the environment.
This essay criticizes a past attempt to ascribe stakeholder status to the non-human environment, which utilized a broad definition of the term "stakeholder." This paper then demonstrates how, despite the denial of stakeholder status, the environment is nonetheless accounted for on a fairness-based approach through legitimate .
Jun 26, · View and download business ethics essays examples. Also discover topics, titles, outlines, thesis statements, and conclusions for your business ethics essay.