Business Ethics Paper - 1837 Words

MOI UNIVERSITY SCHOOL OF BUSINESS AND ECONOMICS ELDORET WEST CAMPUS (Human Resource option) COURSE CODE: BBM 406 COURSE: BUSINESS ETHICS TASK: Assignment I PRESENTED BY: Jayne Wairimu Njenga ADM NO. BBM/1491/07 PRESENTED TO: ROSE OMONDI Course Tutor DATE: March 2009 Question: Is good Ethics good business? Definition of Business Ethics Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from†¦show more content†¦3.Business to External Environment. Because businesses exist within a community from which they take resources, businesses have ethical responsibilities to the community. This obligation to protect and enhance the society is called Social Responsibility. This also includes responsibilities to the customers from which they earn profits. The main areas of Social Responsibility are: Ecology and environmental quality - preventing and cleaning pollution, noise control, recycling, preserving land. Consumerism - truth in advertising, warranties, control of harmful products. Community needs - helping charities, aid with health care and urban renewal. Governmental relations - elimination of bribery of officials and lobbying, following laws. Minorities and disadvantaged persons - providing training and opportunities for these groups. Labour relations - permitting unions, negotiating fairly, providing fair working conditions and compensation. ARGUMENTS AGAINST BUSINESS ETHICS Ultimately, businesses exist to make a profit for their owners and shareholders. In most cases, ethical behaviour adds expenses to the business, reducing profits. Profits are a good thing - they ensure that people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt government programs. The government takes care of ensuring that businesses do things in an ethical way. No other forms ofShow MoreRelatedBusiness Ethics Paper997 Words   |  4 PagesBusiness Ethics Paper BUS 415 November 14, 2011 Michael Green Business Ethics Paper The same ethical issues in the business world have been around for a long time. In theory business ethics is a practical regulation that dictates moral activity of commercial interests. The history of business ethics is founded in corporate social responsibility (CSR). Entertainer Shirley Jones filed suit in California against the tabloid company The National Enquirer, whose home office is based in FloridaRead MoreA Reflective Paper On Business Ethics1966 Words   |  8 PagesBUSINESS ETHICS Introduction A reflective piece of paper is an essay that has been written with an aim of reflecting essential elements of professional life. 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