Ethics

Paper Summary:

This paper reviews the concern of business ethics with the function of the company in relation to stakeholders and the product or service provided. Stakeholders may include the employees, the management staff, the stockholders, customers, vendors, suppliers, distributors, and business owners. Stakeholders may also be extended to encompass franchise businesses or international partners that exist in the global community. The paper further discusses how product or service can relate to all items that the company manufactures for sale, or any form of service that is offered to the public. The paper then reiterates how, with these factors in mind, the manager must then weight every decision on what he or she believes is morally right in relation to these elements. While most companies do not publish a corporate list of business ethics, there is often a business mission that can be referred to in determining how ethics are applies to the company.

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