Essays On Business Ethics
Click Here https://tiurll.com/2t2E8a
Everyone does business, of some kind or another, on a near-daily basis. We buy food and shelter and pay for many other wants and needs. And most people sell their labor by working for an employer, or for themselves.
What happens in the course of business is therefore of great ethical significance: people can be harmed and benefited in many ways; people can be treated, and treat others, in respectful and uplifting ways, as well as disrespectful and degrading ones; and businesses can promote fairness and justice, as well as enable unfairness and injustice, in many ways.
Stakeholders are anyone who can be affected by a business. But not all stakeholders are individuals. Others include communities, countries, and even the natural world, including animals. The scope of business ethics is thus very wide indeed.
Some argue that these moral duties arise from truly respecting your employees. Fairness or justice might require that salaries or wages be relatively equal. And employers have an obligation to ensure that women and people from other oppressed groups are treated fairly, which might extend to giving some preference to hiring women or people of color. Beyond this, businesses might have obligations of loyalty or reciprocity not to replace striking workers, and not to offshore jobs.
As a customer, you have an obligation to treat employees with kindness: while they are means to the end of acquiring some product, they also deserve respect. This respect might also include not buying from a business when its workers are on strike.
One might also argue that businesses have obligations to the owners to not waste money by paying employees too much. Similarly, even setting aside the law, there might be a moral obligation of fairness not to allow insider trading.
Ethicists believe that businesses have many obligations to the broader society, such as to obey minimum-wage and intellectual-property laws, to minimize pollution, and not support corruption. And they might have obligations not to run sweatshops.
As a customer, you might have an obligation of respect or beneficence to buy only from morally responsible businesses. And as a potential employee, you might have an obligation not to work for an apparently immoral industry.
As we can see, business ethicists deal with a wide variety of ethical questions. To answer them, we use the methods and resources of philosophical ethics, such as appealing to normative-ethical theories and arguments from analogy.
 See e.g. Bryce 2002 for a prominent example of a disaster that can occur when businesses act insufficiently ethical; Rosenfield 2010 also provides a helpful account, and see also Brown and Dugan 2002. See also von Drehle 2006 for another famous example of failures of business ethics and the corresponding harms.
 Thus, a comprehensive study of business ethics includes social-and-political philosophy, philosophy of law, and potentially also political economy and macroeconomics. See e.g. Heath (2014) for such an approach. Similarly, some ethicists have argued that firms can be like small governments, issuing orders to their employees (Anderson 2017). Economists have studied how the standard structure of the firm might mirror other structures in society in morally important ways (Coase 1937; see also Gaus 2010, p. 90).
We should also assume that even in a capitalistic system, businesses can behave better or worse from the perspective of morality. We make this assumption because someone might argue that no business can be morally good in a capitalistic system, or at least, that no privately-owned business can be good. Indeed, some have argued that there can be no morally permissible consumption in a capitalist system (Tang 2021). For more, see my Arguments for Capitalism and Socialism and Defining Capitalism and Socialism. See also Gaus (2010).
Tom Metcalf is an associate professor at Spring Hill College in Mobile, AL. He received his PhD in philosophy from the University of Colorado, Boulder. He specializes in ethics, metaethics, epistemology, and the philosophy of religion. Tom has two cats whose names are Hesperus and Phosphorus.
Have you ever written essays about business ethics? If not, then you will certainly experience something amazing. Every business owner is aware of the values that his organization has. However, there are also moral issues within the company that deserve more attention. Writing a business ethics essay is tough as you will have to find an ethical example of a good organization and properly analyze it from the introduction part to the conclusion. Your argumentative essay examples on ethics in business should some sort of ethical report that others could use to improve their business organization. Unfortunately, writing a paper on this topic is difficult, so we recommend you research all the available essay topics for research papers. Are you ready for that?
The editors of the Business Ethics Journal Review hope that BEJR provides good examples of how to write a critical essay. Each of the Commentaries we publish is a short critical essay aimed at a single paper published in another scholarly journal. In each of the Responses we publish, the author whose work was critiqued in one of our Commentaries gets a chance to defend or clarify his or her thinking. If you read a Commentary and Response, you will see accomplished scholars (professors and occasionally PhD students) in the field of business ethics applying their expertise. And remember: such scholars got to where they are today not just by being smart, and by knowing a lot about business ethics, but by being good at writing clearly and convincingly. You can learn a lot from them!
Knowing how to write critical essays in Business Ethics is an important element of success. I enjoyed reading through these helpful tips. This is useful information that will help in college and beyond.
Business ethics is a set of professional ethics that tries to inspect ethical problem or the principles of ethics that can emerge in a business organization. It applies to business conduct, individuals, and the entire organization. Business ethics involves ways in which a business organization deals with its customers and the outside world.
This means that the outsiders will have different perspectives depending on how the business deals with its clients and the way in which it conducts its operations. It can also refer to the pattern of acceptable behavior followed by a business organization in its daily activities that emanate from the employees.
Ethics in a certain business vary depending on the business industry, as well as how the business organization deals with its clients. This means that a certain business will not just start portraying ethical behavior without looking at the business industry, and the clients that the business serves. Business ethics also reflects on how the business will handle different operational areas (Ferrell, p. 2).
The implementation of ethics in an organization can be a profitable venture. There are many ways in which a business organization can benefit from the application of ethics. It can be noted that ethics in a business has benefits to the organization, for the society, and for employees working in the organization.
Business ethics creates a sense of responsibility amongst the employees. Therefore, they will be able to perform as expected in order to meet the goals of the business organization in which they are working. This improves the output due to improved productivity of the organization. Eventually, this leads to increased profits unlike in a business where no ethics. In such businesses, the employees will work according to their own will hence reducing the actual output of the business organization.
Business ethics improves the reputation of the business organization. In a business where there are ethics, most of the outsiders will tend to accept that organization. Good business ethics creates a good name in the society hence most of the customers will go for its products. This increases its selling potential leading to increased profit making. For example, a company dealing with food products should practice healthy behavior.
Business ethics is also beneficial to the organization in that it enables the organization meet its goals and objectives. Any business that practices ethics in its operations can meet the set goals effectively. This is because ethics increases the levels of commitment and loyalty from the employees. This raises the productivity of the business leading to increased profits.
This is in contrast with businesses that engage in unethical activities. Such businesses are often visited by legislators and government officials who deal with such cases that are deemed to be unethical. Such practices include unexpected rise in product prices among others.
Business ethics improves the financial performance in a business organization. This is because business organizations that observe ethics improve on the amount of revenues they gain from the sale of their products. Financial performance of a business organization refers to how the business utilizes its assets to generate profits. In such a business organization, financial performance improves because most of the clients tend to lean towards a business that has good business ethics (Ferrell, p. 26).
Business ethics assures the organization a long period of running without falling or being stopped from operations. This is contributed by high amounts or profits gained from customers due the good public image of the business organization. For example, a business that operates based on ethics will attract a significant number of customers.
In this respect, the sales potential will increase, which in turn increases the profits of the company. If such a business continues in this manner of observing ethics, its lifespan is likely to increase. This is because any slight improvement in the ethical principle means a corresponding increase in the profits gained. 2b1af7f3a8