Business Ethics Essay
If you are studying business studies in New Zealand, then it is very common that you need to write essays on business ethics. If you are struggling with a lot of difficulties writing essays on business ethics, then here we have the masters and Ph.D. writers for the same who can help you with any business essay topics. For your more knowledge, you can browse our sample business ethics essay that can provide you a little or more help.
Introduction:
Dated back to the Code of Hammurabi some 4,000 years ago, business ethics is a social science, whose main aim is to define and examine the responsibilities of companies and their agents as a component of the overall moral environment of a given society. The products of this field of research are sets of rules and codes of conducts, which function as a way of protection from the possible infringements of ethical codes as a result of the overall activities and responsibilities of a firm to its stakeholders (e.g. generating profits for shareholders and taxes to the government). This paper will briefly explain the foundations and therefore the growing importance of business ethics in today’s economy. Finally, it’ll describe several contemporary problems with research and practice.
The Rationale behind Business Ethics:
Generally, business ethics is the representation of the meeting point between business and ethics. Here the evaluation of business decisions and their implementation is done in terms of right and wrong i.e. moral and immoral. Moreover, ethical decision making is not as simple as it consists of much greater complexity and debate than other ethical fields, even intricate ones such as bioethics. The major reason behind this confusion is also the complexity to identify the consequence of ethics to the business decision in question, apart from the themes of business ethics.
Therefore, it is fine if you define business ethics with the help of the types of responsibilities it does and does not deal with. The overall difference between Business law and ethics is the sense that not everything legal is also moral. As an example, to some degree, it is legal for a company to pollute the environment, many would squabble that pollution is innately immoral and therefore unethical.
The growing importance of business ethics:
There is a long term history of the issues of business ethics, that are mentioned deeply in the religious and civilian writings. All the main parts of transcripts such as the Koran, the Old Testament, and Aristotle contains numerous forms of commerce such as pricing, accurate reporting, and competition. This business ethics pattern has widened up significantly in the 20th century attaining a height today because of various reasons:
The very first is the antique role of corporations in modern society. This type of business, whose economic and social power could also be immense and involves numerous stakeholders, motivated further thinking regarding the means during which possible negative influence of corporations is often restricted.
Secondly, a beckon of communal scandals that contains immoral marketing methods, negligence, and fraud has more attracted the eyes of companies’ internal affairs particularly their agents. It mainly happened because of the explosions of scandals.
The third reason is a new wing of economic and legislative thinking altogether fields of ethics (e.g. in medicine and environmental issues) has also transformed the road of thought towards businesses, from perceiving them as mechanisms for creating value to active members of the society with individual sets of responsibilities.
Main issues in business ethics:
As the theoretical and practical efforts within the field of business ethics surround virtually all aspects of business conduct, there’s also an excellent variety within this science. A number of the most issues that occupy business ethics scholars are:
Social responsibility: different circles of stakeholders are often defined for any given business. This might include not only the owners, managers, and employees but also customers, inhabitants within the firm’s region, the govt, and therefore the environment. Comprehensive ethical thinking applies that those stakeholders should be identified and their well-being should be promoted, or a minimum of not infringing, by the firm’s operations.
Individual ethical behavior: Decision-making of the firm’s agents should be examined within the light of ethical standards, no matter the firm’s state policies. As an example, a corporation may have very high marketing ethics standards, but the latter become obsolete when individual salespersons engage in ethically questionable behavior.
Moral behavior within the face of the immoral environment. A big test for the firm’s ethical behavior is that the nature of business transactions when the environment does not enforce high standards thus enables ethically questionable (and maybe more profitable) conduct. Examples may include environmental issues (e.g. CO emissions), human rights (e.g. child labor), safety within the workplace, discrimination, and harassment.
Need More Help For Writing Essays On Business Development?
Many business studies students in New Zealand are in search of more and more help to complete their essays on the topics related to business development. They all want great scores, but they can’t achieve it all alone. Therefore the team of NZ assignment help is available with genuine and prime quality help without any delays. Our native NZ writers always ready to welcome the students in need.