Ethics in Business

Paper Summary:

This paper argues that the way to assure ethical behavior in business begins at the top, with leaders who serve as role models and set the tone for their organizations. According to this paper, the individual can begin the process by adhering to ethical principles in keeping with his or her social values, family upbringing, and life lessons and promoting the same standards throughout the company.

From the Paper:

"Ethics in business are defined primarily by social forces, and these are sometimes expressed in laws devised by the society. There have long been laws governing how business operates, and such laws are usually reactive. Business itself decides what is ethical based on a view of what the market will bear, and in the post-World War II era public opinion has been an important force shaping ethical considerations in the business world. Some see the nation as awash in an ethical morass because of various scandals. These critics also see a need to rebuild a democratic society through the actions of Americans who have "long been concerned with the deterioration of private and public morality, the decline of the family, high crime rate, and the swelling of corruption in government" (Etzioni, 1993, p. 193).

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