Business Ethics and Management
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This paper examines the issue of business ethics, first by defining the term and then attempting to understand why the term varies so widely for so many different people. Next, the paper introduces the practical, business element to the issue, explaining the role of managers and the ways in which ethical considerations affect their decision making. From there, this paper investigates the complexity of the issue by looking at the key dimensions - stakeholders, intercultural elements and legal elements and the role of government. The paper concludes by commenting on the nature of business ethics and how managers should incorporate the concept into their decision-making.
From the Paper:"Business ethics is an important field of study specifically because the corporation is an independent rational actor (Fisse & Braithwaite, 1993). As such, the actions of the corporation have been decoupled from the actions of the individuals who act on the corporation's behalf, for the most part. The ramifications of this are clear - the corporation is a part of this world. Its actions affect the world around us for better and for worse. As the corporation functions within these bounds, it then becomes imperative that the corporation take into consideration the impact of its decisions and actions on the external world. The acceptability standards of these actions are set by the prevailing ethical norms."
Sample of Sources Used:
- deGeorge, Richard T. (2005). A History of Business Ethics. Markkula Center for Applied Ethics. Retrieved May 11, 2009 from http://www.scu.edu/ethics/practicing/focusareas/business/conference/presentations/business-ethics-history.html
- Fisse, Brent & Braithwaite, John. (1993). Corporations, Crime and Accountability. Retrieved May 11, 2009 from http://books.google.com/books?id=jJ0AUYA71nAC&pg=PA73&lpg=PA73&dq=corporation+rational+actor+ethics&source=bl&ots=0coi6X0tbv&sig=sictZG4yTQv2heEgV2OshTF_QQM&hl=en&ei=wI8ISoD9NKHhtgfJ_vGIBw&sa=X&oi=book_result&ct=result&resnum=1
- Barrionuevo, Alexei & Eichenwald, Kurt. (2006). For Ken Lay, Enron's Riches Turning to Ruin. New York Times. Retrieved May 11, 2009 from http://www.nytimes.com/2006/02/26/business/26lay.html
- Monks, Robert A.G. & Minow, Nell. (2003). Corporate Governance. Retrieved May 11, 2009 from http://books.google.com/books?id=RGmHAVPhmRwC&dq=business+ethics+corporate+governance&printsec=frontcover&source=bl&ots=h6AZpV875B&sig=PkSgJtkk6Lsy7hekkVrAPayRrjA&hl=en&ei=a5cISr6fOoqjtgfKm5GZBw&sa=X&oi=book_result&ct=result&resnum=7#PPA2,M1
- Heath, Joseph. (2009). The Uses and Abuses of Agency Theory. University of Toronto. Retrieved May 11, 2009 from http://www.chass.utoronto.ca/~jheath/agency%20theory.pdf
Cite this Term Paper:
Business Ethics and Management (2011, October 28) Retrieved April 20, 2021, from https://www.academon.com/term-paper/business-ethics-and-management-148615/
"Business Ethics and Management" 28 October 2011. Web. 20 April. 2021. <https://www.academon.com/term-paper/business-ethics-and-management-148615/>