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Business Ethics

Business ethics is a multifaceted field that cannot be defined with a single definition. This area is addresses numerous issues, problems, and dilemmas within the management of businesses. And it does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are confronted with all the time. In order to do, the definition of corporate ethics must be known as well as knowing what the ethics of responsibility are. After defining what ethics are, we then need to see how these are played out within management. This will show the decline and fall of business ethics over time and how whistle blowing has played its part. Business ethics not only portray to humans, but also to how businesses treat the environment. The majority of European and U.S. CEO's and senior managers view corporate ethics as a subject that is to be dealt with at three levels, each more specific than the last. They include: (1) the corporate mission, (2) constituency relations, and (3) policies and practices. Of these, the corporate mission is the most easily recognized and widely applicable category. Executives say that the enterprise in which they are engaged in, and the products or services that they market, should serve an inherently ethical purpose and that a companies primary ethical responsibilities are defined by the nature of their objectives. Managers also speak of constituency relations when formulating their company's ethical standards. This usually requires statements of corporate responsibilities. Most of the codes describe the company's commitment toward certain groups rather than prescribing ethical conduct for specific situations. This is shown I the comments of a former chairman of a large Japanese company when he states from the manual Essential of Business ethics, "Our responsibility is not only to our stockholders, but also to o...

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Business Ethics. (1969, December 31). In Retrieved 16:18, August 29, 2014, from