Business ethics definition

The common sense and clear definition of business ethics must clearly state the "ethical standards that guide business operations and transactions".

But once we begin to ask some broader questions around this topic, the exact nature of business ethics will become cloudy and controversial.

The fundamental question is why we need different ethics to deal with different parts of our lives. For example, why is there an implicit assumption that business ethics need to be different from the ethics that govern our family life? Or we have a wider community outside of work.

Is there a core set of ethics to manage all of our behavior?

There are no simple answers, but this short article will consider the three main schools of general ethics and the specific topics of ethics that are usually debated on the basis of business ethics.

The first broad ethical paradigm is that our moral core is based on Revelation. Every major religion in the world is equipped with a comprehensive moral creed on how to fit and properly carry out the basic activities of a lifetime.

The second broad paradigm is the ethics of the statute. This is the law of mankind, not the divine law of apocalypse. As trade and commerce continue to expand in all ages, business-oriented legislation has multiplied, surpassing the fundamentals of property ownership, taxation and theft.

The third, more recent [although sometimes returning to the earlier tribal era], the moral concept is based on context. This relationship view rejects the concept of sacred law as absolute and questions whether trying to fill each loophole through national legislation is an effective moral goal. In this case, the ethical assessment of areas not covered by legislation needs to weigh the concepts of competitive interests and natural justice, fairness, the imbalance of exploitative power and the sustainability of mutually beneficial trade.

These general frameworks cover more granular considerations of business activities in the daily and special practices of businesses and other institutions - corporate culture. The debate involves concepts such as absolute honesty, full public withdrawal of the situation or unrealistic strategy. In the broader economic and ecological structure, given the recognition of second-party and third-party rights, these rights are not destroyed by unfettered aggressive behavior, and the enterprise is seen as a substantial wisdom of war, or Followed by value-added community activities.

The belief of the people's conflicts is revealed every day in expressions such as "it's just business" [it tries to exempt all commercial businesses except the most severe legislative controls], instead, in such things as "we only "Blessing by creating victory" is a win-win situation with partners and customers.

Most importantly, business ethics come in many forms, depending on the broad impact of the ethical paradigm on a particular corporate culture - they will definitely go directly to the bottom line of the transaction.

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