Business Ethics

Paper Summary:

In this essay, the writer studies "The Business of Ethics - The Importance of Working with Integrity" by Lee Anna Jackson, "Ethics - The Global Challenge" by Alan Lane, "Keeping Ethics at the Forefront of our Business" by Esther Muller and "Ethical Imperatives" by Glenda Vosburgh. The writer notes that all the articles to a greater or lesser degree also address the pressures on the modern company to perform increasingly well in terms of profit. The writer then explains that this places pressure on leaders, who in their turn pressure their employees. Further, the writer points out that the middleman in this trio is the leader, who stands between the employee team and external pressures towards more profits. The leader then needs to shoulder the responsibility of incorporating ethical ideals, building up internal and external trust, and in the end producing the necessary revenue to survive and eventually excel. The writer discusses that because of the changing business environment both externally and internally, the above-mentioned pressures are offset by the public and other stakeholders in the business. The writer concludes that it is therefore likely that pressure from the public and investors would be more towards ethical behavior than pure profit.

From the Paper:

"In today's business world, the issue of ethics is becoming increasingly important even as it is becoming increasingly complicated. Scandals associated with huge businesses such as Enron have brought to the attention of all business leaders the importance of ethics. "Doing the right thing" in the business world today has gained importance for several reasons. The most important of these is the fact that scandals result in devastating losses of public, customer and investor trust. Hence there is a loss in revenue and in most cases the business entity either closes down or ceases business until the scandal's effects have diminished. It is therefore in the interest of business survival to act in an ethical manner."

Sample of Sources Used:

• Jackson, Lee Anna. "The Business of Ethics: the importance of working with integrity". Black Enterprise, Oct. 2005.
• Lane, Alan. "Ethics - The Global Challenge". Communication World, Nov-Dec. 2005.
• Muller, Esther. "Keeping Ethics at the Forefront of our Business". Real Estate Weekly, June 15, 2005.
• Vosburgh, Dana. "Ethical Imperatives". Dallas Business Journal, March 10, 2006.

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